Organization Root Tag

The Consumer Financial Protection Bureau's structure is an infringement on the authority of the executive branch, a New York federal judge said Thursday.

A senior Treasury department official said it's an "adapt or die" situation for regulators and financial firms in the midst of a growing fintech space.

All 35 banks passed the Federal Reserve's first round of tests, but their results were not as stellar as last year's.

A team of economists surveyed by the American Bankers Association also believe that unemployment could reach new lows.

The plan would end the GSE conservatorships and create an explicit federal guarantee, but it's unclear if even other parts of the Trump administration support it.

The quest for fast payments is advancing on the consumer side, but most banks are said to be undecided about a host of issues tied to speeding up transactions between businesses.

During NAFCU’s annual conference, a panel of experts highlighted some of the legal and regulatory changes that may still be in store for credit unions.

NovoPayment, a payment provider focused on Latin America, is working with Visa to help local banks work with Latin American businesses to migrate from their high levels of cash usage to digital payments.

Wirecard is developing a fleet card platform enabling companies to control fuel and other vehicle expenses through an open-loop system with Visa payment cards.

Some continue to doubt there will be a premium cut, while others say there's no telling which way Brian Montgomery will go.

Banks are more established organizations that cannot afford to take the same shortcuts and risks as startups do in fintech development, executives said.

Founded in 1971, First Data may not have the glow of being a trendy startup. Green Dot, founded in 1999, is in the same boat. But under the hood both companies have done much to keep up with the innovators.

Toronto-Dominion's returns more than doubled its Canadian competitor in the past year, eliminating the premium Royal Bank shares enjoyed for the better part of a decade.

The payments company said it plans to spend $1 billion to $3 billion a year on acquisitions; NYS fines bank $205 million.

As House members wrote to AG Sessions, the National Association of Federally-Insured Credit Union also filed an amicus brief supporting Department of Labor FCU, which saw an ADA-related suit dismissed earlier this year.

SunTrust will operate a branch inside Hartsfield-Jackson's main domestic terminal and operate 16 ATMs throughout the airport. Wells said its revenue had been declining.

The acting agency chief defended the “zero tolerance” policy while praising the permanent CFPB nominee suspected of having been involved in implementing it.

Big banks and wealth managers are unwilling to sacrifice fee income and make other changes to catch up with their customers' digital demands, fintech leaders said.

Courts have validated the legal theory behind punishing lenders for unintentional discrimination, but the Trump administration has shown interest in revising the Obama-era policy.

JPMorgan Chase CEO Jamie Dimon condemned the separation of immigrant children from their parents at the U.S. border, while a group that Citigroup CEO Michael Corbat co-chairs also called for an end to the policy.