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In the new role, Kenneth Montgomery will lead the Fed’s efforts to reduce fraud risk and improve the security and resiliency of the U.S. payments system

The short-term loan industry is suddenly playing offense in Washington following Mick Mulvaney's appointment as acting head of the Consumer Financial Protection Bureau.

Kenneth Montgomery will chair the Secure Payments Task Force, which is made up of more than 200 industry stakeholders who are working on a faster payment system in the U.S.

The president wrote Friday on Twitter that penalties against the San Francisco bank will be maintained, or possibly strengthened. The comments are likely to fuel a growing controversy about the independence of federal financial regulators.

Readers react to the change in tone at the Consumer Financial Protection Bureau, the launch of voice-command banking on Amazon’s Alexa, how regulation affects financial innovation and more.

The best course of action is to not focus advocacy efforts on the CFPB; rather, focus efforts on those members of Congress who support small business, deregulation and free enterprise, writes Rozanne Anderson, vice president and chief compliance officer for Ontario Systems.

Until recently, there was a consensus among policymakers that Fannie Mae and Freddie Mac needed to be eliminated. That just changed. Here's why.

Almost 10,000 merchants in Hong Kong and Macau will offer discounts throughout December to Alipay users from Mainland China. Merchants in India, Thailand, and other markets will also participate.

Chase Pay was years in the making, and it's still finding new ways to reach its intended audience. On the surface it seems like a simple QR code-based mobile wallet, but underneath it's far more complex.

We entrust tech firms with vast amounts of information about our daily lives, with an expectation that they will safeguard it. But have we become too casual in the trust we place with them in exchange for more personalized experience and convenience?

Delaware-based CU's new charter will allow it to branch out further into the First State, as well as into Maryland.

Fed's supervision chief wants more openness on bank stress tests; cybercurrency jumps 40% in 40 hours, climbing past $19,000.

Establishing trust, especially when it comes to online payments, is critical. People need to feel secure and confident that their personal boundaries won’t be crossed or their information misused, writes Rik van't Hof, director of product management front-end for Ingenico e-commerce.

Card usage drops off fast after a false positive. In many cases, two false positives cause consumers to abandon a card permanently.

It’s only early December, but bank CEOs’ comments this week about tax reform, their thirst for deposits, consumer lending initiatives, and challenges in commercial lending offer a sneak peek at what’s coming when earnings season begins next month.

Fifth Third last bought a bank in 2008, but CEO Greg Carmichael says "strategic bank M&A absolutely makes sense," and the Cincinnati bank is poised to clear up a blot on its regulatory record that blocked dealmaking.

The JPMorgan Chase CEO supports easing regulations on mortgage lending but says other major provisions of Dodd-Frank should remain intact.

The ban on financing properties encumbered by heating and cooling assessments will go into effect in 20 days, according to the Federal Housing Administration.

Discover's shift starts in April 2018. Mastercard has also eliminated signatures for credit and debit card transactions.

The maximum loan amount for Federal Housing Administration mortgages will go up in more than 3,000 counties for 2018.