What happens if Mastercard and Visa gobble up all the data aggregators?
Thanks to their close relationship with the card networks, banks stand to benefit most from deals like Mastercard's agreement to buy Finicity and Visa's pending purchase of Plaid. The prospects for fintechs and consumers are dicier.
Wells Fargo to cut dividend; other big banks boost capital buffer
In response to the Federal Reserve's stress tests, Wells said it will lower its third-quarter distribution to shareholders. Meanwhile, JPMorgan Chase, Goldman Sachs and five other companies announced stress test capital buffers that exceed the minimum requirement.
After ruling, stage set for new battles over CFPB's future
The Supreme Court threw out a key statutory provision concerning the agency's leadership structure, but the presidential election and possible legislative reforms could bring about more changes to the embattled bureau.