The Latest

House Financial Services Committee Chairman Jeb Hensarling said Thursday that odds are slim for major banking reforms to be included in the budget deal now being crafted, but unveiled ambitious plans for the coming year.

The Society for Worldwide Interbank Financial Telecommunication, a global messaging network better known as Swift, has announced an initiative designed to increase the speed and transparency of cross-border payments.

The Dec. 2 mass shooting has shone a light on the sector's vulnerability to borrowers who, exploiting the absence of face-to-face contact on the Internet, lie on their loan applications.

In dramatic move, trade group says it will draft new bylaws and present to membership in early 2016.

Capgemini has agreed to add VocaLink's managed payment service product to its cloud-based banking product.

COLUMBUS, Ohio — The first day of 2016 will be the first day Jeff Carpenter is president and CEO of $260 million CME Federal Credit Union, as current chief executive Jim Riederer will retire on Dec. 31.

U.S. transactions processor Global Payments Inc. is in talks to buy smaller rival Heartland Payment Systems Inc., according to people with knowledge of the matter.

Even though Walmart has been a key member and driving force behind the Merchant Customer Exchange joint venture to establish a new mobile wallet, the retailer's addition of Walmart Pay to its mobile app is consistent with strategy, and will lead to a wave of individual bank and retailer initiatives.

Industry groups representing a range of companies in retail, technology, financial services and utilities filed eight amicus briefs last week in a D.C. Circuit Court supporting challenges to the FCC's landmark ruling that expanded the agency’s rules under the TCPA.

JPMorgan Chase's Eileen Serra is giving up her CEO title (for a very interesting reason); CIT Group's Ellen Alemany is getting to work sooner than expected with a big housecleaning; and Meredith Whitney resurfaces with an insurance company. Plus, inclusion confusion, the "Person of the Year" (it's a woman for the first time in 29 years), and Saudi Arabia.