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The job reductions come as the card network focuses on emerging markets, artificial intelligence and other nascent technology over transaction volume.

Federal Reserve Gov. Christopher Waller says the central bank is tracking research on financial stability risks related to payments, as well as blockchain and crypto developments.

Berkshire Hathaway trimmed positions in Capital One and Bank of America in the last several months, public filings show.

Acima offers lease-to-own plans on consumer items, but the Consumer Financial Protection Bureau and New York officials are calling those plans credit. The battles, playing out in separate courts, could trigger more expansive protections for customers.

Heritage Bancshares Group entered into a written agreement with the Federal Reserve, promising to address issues with cash flow and capital management.

The overall size of the combined entity is trivial compared to industry behemoths. It is evident the benefits to consumers from the Capital One-Discover merger dramatically exceed the speculated harms that caution against it.

Borrowing costs have fallen to their lowest level in more than a year as inflation metrics drop to 2021 levels, seemingly vindicating the Federal Reserve's decision to maintain their restrictive monetary policy.

Regulators have been working their way steadily down from the biggest players in the industry to regional firms in their quest to stamp out abuses of "off-channel" communications.

The card brand adds to partnerships that enable data sharing and cross-selling; the U.K. bank is lowering fees based on clients meeting metrics for sustainability; and more.

Thanh Roettele will help guide the Canadian bank's growth in the mortgage warehouse space in one of its latest moves aimed at the U.S. market.

The change will allow the Wall Street firm's material risk takers to now earn a bonus that's as much as six times their base salary.

Brian Niccol's record as CEO of Chipotle will be tested as he tries to to keep the coffee chain competitive with rival digital wallets.

Sellers of contract-for-deed home financing deals must provide disclosures, financing terms and assess a borrower's ability to repay, the CFPB said in an advisory opinion.

Though it hasn't set a timeline, Oxford Bank, based north of the Motor City, is weighing a southward expansion that would add all the Detroit metropolitan area to its footprint.

A bipartisan group of ex-inspectors general is pushing Senate leaders to quickly confirm Christy Goldsmith Romero to chair the Federal Deposit Insurance Corp. despite scheduling delays and the upcoming election.

Republican State Treasurer John Fleming said he had concerns about big banks limiting business with firearms entities and Christian organizations, but has few options: "Only a small number, relatively speaking, of banks actually qualify to do the level of business that a state treasurer requires."

Over the weekend Republican vice presidential nominee Sen. JD Vance, R-Ohio, said setting interest rates should be a "political decision" with input from elected officials.

The bank partnered with fintech PopID for biometric payments at fast-food retailer Whataburger, but widespread adoption from consumers and merchants could be an uphill battle.

KeyCorp wasn't seeking capital but saw the benefits of Scotiabank's minority stake. The deal would enable the Canadian lender to step into the U.S. consumer market.

Nadine Ahn was terminated on April 5 along with fellow exec Ken Mason after the bank received an anonymous tip that the two were romantically involved. Both deny it and are suing the bank for millions.