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M&T Bank's president and chief operating officer, Mark Czarnecki, has been diagnosed with pancreatic cancer and plans to remain in his role at the bank while he gets treatment, the Buffalo News reported.

Regulated by multiple agencies, marketplace lenders reduce the financial system's leverage, provide greater financial transparency and ultimately deliver a better product to consumers and investors.

Target and Visa have finally reached a settlement in the wake of the retailer’s massive 2013 data breach, but it’s still unclear how much of that settlement—expected to total about $67 million—will trickle down to credit unions.

As the 2008 financial crisis fades into memory, it has become increasingly unlikely that any bankers or traders involved will see jail time. But while no individuals were ever charged with a crime, the feeling that the financial industry got away scot-free will affect the 2016 presidential race and beyond.

Envestnet's planned acquisition of Yodlee is shedding light on how real-time data about customers' financial data can shape the future of the wealth management and financial advisory business. Jud Bergman, CEO of Envestnet, says the deal will create "an unprecedented level of engagement."

The Consumer Financial Protection Bureau has ordered Springstone Financial LLC to provide $700,000 in relief to victims of allegedly deceptive credit enrollment tactics.

Harper Reed and Dylan Richard first burst onto Chicago's tech scene as part of Barack Obama's 2012 reelection team, and their social media wizardry is often credited for keeping the president in the White House.

Avidia Bank of Hudson, Mass. has contracted payments technology company FIS to offer card-free ATM transactions through a mobile app.

The global loan platforms present an extreme example of the ongoing clash between the fast-moving financial technology sphere and the staid world of financial regulation.

The Consumer Financial Protection Bureau said Springstone Financial, acquired last year by Lending Club, misled borrowers into thinking loans carried zero interest.