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Banks should be prepared for the potential that an investor with a growing stake does not have the institution’s interests at heart.

DFS Head Resigns; Goldman Faces $50M Fine

New York’s attorney general called on more than 90 banks including units of Toronto-Dominion Bank and HSBC Holdings to revamp customer screening procedures to give poor people better access to financial services.

The financial condition of the Federal Housing Administration’s mortgage insurance fund has improved “significantly” over the past year, Department of Housing and Urban Development Secretary Julian Castro predicted late Monday.

The acting head of New York’s Department of Financial Services will step down before the end of the year, giving New York Governor Andrew Cuomo a run at reshaping a regulator that has levied billions of dollars of penalties against international banks and at times raised hackles in foreign capitals.

Led by a team of financial services and regulatory veterans and young techies, Privacy.com represents the first mainstream attempt to build a business explicitly around transactional privacy in the era of Edward Snowden and Ashley Madison.

As retailers gear up for a busy holiday shopping season, many are wondering how much e-commerce, and more specifically mobile commerce payments will contribute to overall sales this year. The quick answer is retailers need to embrace m-commerce.

New mobile wallets like the Merchant Customer Exchange's CurrentC may find themselves in conflict with other high-tech mobile apps that came to market sooner.

Microsoft Corp. has never been a dominant name in mobile payments, but it has dabbled enough in the process to draw interest around the payment potential of its Windows operating system.

Most mobile wallets clearly favor one industry over another, with banks and retailers often pitted against each other in a battle over payment card fees. JPMorgan Chase just made a stunning move by conceding some of this ground to the benefit of the Merchant Customer Exchange.