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Anticipating recession, banks start scrubbing loan books; how Trump's political appointees thwarted tougher settlements with two big banks; the Fed's plans on its real-time payment service; and more from this week's most-read stories.

There are subtle differences in Walmart's virtual currency project compared to Facebook's Libra, but these may be enough to avoid the regulatory firing squad that Facebook has endured.

Square has launched Square Terminal in Canada in an effort to lure merchants that use myriad iPads, tablets and smartphones to receive payments in stores and remotely.

Lightico is focusing on how users engage with institutions on a mobile device, something the company believes is a shortcoming among card issuers.

Marqeta was in on the API digital payments game early, but rivals from Stripe to Wirecard are aggressively expanding digital payment solutions for diverse consumer and B2B use cases.

The head of the Senate Banking Committee invited the housing secretary to Idaho to discuss low-income housing shortages.

Most ATM update projects fail for a variety of reasons, such as the amount of time and effort required was simply underestimated, competing priorities get in the way, a lack of resources, a reliance on manual testing processes and procedures, according to Paragon Application Systems' Steve Gilde.

Issuers like Chase and Citi that added installment features to compete with digital lenders will need to think beyond traditional card options.

Groups seeking to open a new institution will submit preliminary information for review by the National Credit Union Administration.

The rate on a 30-year fixed-rate mortgage dropped to 3.6%, a three-year low; Mary C. Erdoes, a top bank executive, allegedly pushed back against compliance department suggestions to jettison the controversial client.

Apple's massive user base, fully digital enrollment system, merchant reach and partnership with Goldman Sachs threaten retail banks on multiple fronts.

Readers react to the Fed's lengthy plan for a real-time payments system and Fifth Third's minimum wage increase, jab at Sen. Warren's absence on the Senate Banking Committee and more.

Apple's new credit card isn't just another virtual card in its virtual wallet. It borrows a lot of features from the most successful brands in payments and technology.

New data from the state shows that payday loans fell to a 12-year low in 2018. But the trend does not necessarily mean that consumers are paying less to borrow.

The Massachusetts senator asked Richard Fairbank in a letter why the bank didn’t detect the breach for nearly four months and how it plans to prevent future cyber intrusions.

Fresh data from the Fed, FDIC and Bank of England shows that, directly or indirectly, banks are taking on more leveraged loans. But whether this puts their loan and securities portfolios at risk remains open for debate.

The maturation of e-commerce has ushered in an era of personalization at scale and growing customer demand for convenient, flexible shopping experiences, writes Will Walker, enterprise manager at Roadie.

CFO Ewen Stevenson, who has been in place only since January after joining from Royal Bank of Scotland, has established himself as the dominant force in the 154-year-old bank's executive suite, say current and former HSBC officials.

The biggest U.S. banks used to own Visa. Now if only they could keep up with it.

Simon most recently led JPMorgan's director advisory services team, which helps company boards find new members. She'll be retiring at the end of the summer.