The Latest

Model legislation in the works would give state legislatures a template for regulating virtual currency businesses. The Treasury is lobbying against clear exemptions for firms that don't control customer funds.

MADISON, Wis. -- Filene Research Institute has received more than $1.6 million in grant funding for its financial access-focused incubator.

Russian retail banking software provider BPC Banking Technologies and a consortium of local banks plan to launch a national payment system.

The DC District Court on Wednesday ruled against the Financial Stability Oversight Council's designation of the insurance giant MetLife as a systemically risky nonbank, though the opinion behind the order was sealed and the reasoning behind the decision remains unclear.

MetLife beat back a U.S. attempt to label it too big to fail, which would've put America's biggest life insurer under tougher government scrutiny and forced it to put more money in reserves.

An Iowa man, who battled the Iowa Department of Revenue for three years over taxes he argued collectors never should have demanded he pay, received a $5,000 reimbursement this week from his former employer.

Even as an NCUA working group is trying to craft a supplemental capital proposal for credit unions, mutual thrifts are quietly courting their regulator for a similar measure of their own.

Some debit card users are so loyal to their cards that many would go so far as to say using a PIN is more convenient — and less secure — than a using a signature, according to a recent report from Auriemma Consulting Group.

In many cases, customers aren't staying with a bank's brand because they are satisfied. They are staying with the brand because it's too hard to leave.

Square Inc. is introducing a new e-commerce tool that lets merchants collect payments on their websites, putting the San Francisco company in more direct competition with online payments leader PayPal Holdings Inc.