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Although the Dodd-Frank Act made some positive changes, the weight of its regulations is killing small banks, Bank of America CEO Brian Moynihan said Tuesday.
April 4 -
The battle over screen scraping seems to be subsiding into a series of agreements between banks and fintechs using open APIs.
April 4 -
Richmond Fed President Jeffrey Lacker resigned Tuesday after revealing that he inadvertently disclosed confidential information about monetary policy to an analyst in 2012.
April 4 -
Facebook’s WhatsApp, the Mountain View, Calif.-based messaging app with a broad global following, may be preparing to roll out person-to-person payments, beginning with its app in India.
April 4 -
The remarks in the JPMorgan shareholder letter come as President Donald Trump seeks to make good on a campaign promise to crack down on work visas that let companies enlist skilled foreign workers.
April 4 -
The JPMorgan CEO detailed the bank's $9.5 billion technology budget, forthcoming upgrades and more.
April 4 -
Research shows younger consumers are increasingly interested in personalized products and services, but credit unions may lose out on business if they don’t have aggregation tools that can compete with fintech lenders.
April 4 -
The executive tasked with rebuilding trust in the retail bank discusses how employees reacted to its new incentive pay plan, why Wells stopped calling its branches "stores," how it now prevents salespeople from impersonating customers, and more.
April 4 -
Craig Esrael is the latest credit union CEO to be appointed to a three-year term on a Fed panel.
April 4 -
The Senate Banking Committee approved the nomination of Jay Clayton as chairman of the Securities and Exchange Commission in a 15-8 vote on Tuesday.
April 4 -
Because the fates of banks and the communities they serve are so intertwined, the regulatory impacts borne by regional banks are inextricably linked to the repercussions experienced by their customers.
April 4M&T Bank -
American Express Co. must produce information to U.S. tax authorities seeking the identities of Dutch residents with debit or credit cards linked to bank accounts outside the Netherlands.
April 4 -
JPMorgan Chase & Co.’s head of new technologies has been hired by Lending Club Corp. as the peer-to-peer lending pioneer seeks to rebuild business following a scandal over its corporate controls.
April 4 -
Seamless is aggressively pushing the reach of its SEQR wallet through global partnerships designed to make the app available at millions of merchant locations, enable technology-agnostic transactions, and pry more retailers away from bank issued cards.
April 4 -
Coordinators of a blockchain project backed by the financial industry say they have successfully demonstrated that the distributed ledger technology can be used to syndicate, trade and make payments on leveraged loans.
April 3 -
The prepaid card issuer was accused of deceiving customers in ads claiming that getting approved was easy, and funds would be available right away.
April 3 -
Affordable housing advocates are skeptical of claims by the Department of Housing and Urban Development that proposed cuts to the agency's budget will eventually be made up for by additional funding in the infrastructure bill.
April 3 -
The U.S. government ordered Wells Fargo to reinstate a former bank manager who was fired after reporting suspected illegal behavior to his superiors and a company hotline.
April 3 -
Total System Services' prepaid unit, Netspend, will pay consumers who bought its cards up to $53 million to resolve a Federal Trade Commission suit alleging that the company misled consumers about accessing funds.
April 3 -
Amazon is lending its considerable brand and heft to a cash payment model that borrows a vital piece of real estate from Apple Pay.
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