The Latest

If there was any question about the need for Congress to modernize our nation’s data-security laws, the recent settlement negotiation between Target and MasterCard should put all doubts to rest.

Hundreds of banks are supporting Apple Pay, but the cost is sparking a counter movement toward financial institutions operating their own wallets.

First United in Oakland, Md., will exit the Troubled Asset Relief Program after winning an auction to repurchase a warrant from the U.S. Treasury Department.

WASHINGTON — The Office of the Comptroller of the Currency has no plans to review the charters of JPMorgan Chase or Citicorp following their agreement to plead guilty to criminal charges related to currency rigging, according to Comptroller Thomas Curry.

Westbound Bank in Katy, Texas, has promoted Troy England, chief lending officer, to president.

PayPal's plan to expand its OneTouch instant checkout service has shifted into high gear via an update that will support all merchants using the e-commerce platform Bigcommerce.

WASHINGTON — The Federal Reserve Board proposed a change Thursday to its recently finalized liquidity rules for the largest U.S. banks that would allow certain municipal and state bonds to qualify as high-quality liquid assets.

Last year the mail carrier's office of inspector general suggested a potential expansion into small-dollar lending, but the ambitions laid forth in a new report have been scaled back considerably.

Orchard Platform in New York has added two nonbank lenders to its marketplace lending service that matches institutional investors with loan originators.

Lawmakers on the Senate Banking Committee may still stand divided on regulatory reform, but Thursday's markup points to ongoing desire for a way forward.