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Five federally insured, low-income credit unions earned certification as community development financial institutions

Democratic attorneys general in 16 states and the District of Columbia have asked to defend the Consumer Financial Protection Bureau in a controversial appeals court case, citing an "urgent" need to protect its director, Richard Cordray, from being fired by President Donald J. Trump.

President Trump’s reported interest in GE Energy Financial Services CEO David Nason is sending the signal that the new administration intends to take a measured approach to financial regulation.

Wealthsimple is backed by the same investor, Power Financial, that last year injected $75 million into Personal Capital.

Wells Fargo is reviewing its policy of giving retail bankers a day's notice before internal inspectors visit a branch.

Alibaba Group Holding Ltd. raised its full-year sales forecast after quarterly results beat estimates, as Chinese spending stays strong and the company wrings revenue from fledgling areas such as cloud computing, entertainment and search.

The Consumer Financial Protection Bureau's Director Richard Cordray refused to comment on how he would respond if President Donald J. Trump asked for his resignation, but said the independence of the consumer watchdog agency was "worth fighting for."

The Senate Banking Committee voted unanimously to approve the nomination of Ben Carson as secretary of Housing and Urban Development, sending his nomination forward to the full chamber.

Cost control and improved credit were overshadowed by a big charge tied to a dispute with the FDIC.

Profits at the Midwestern bank fell on lower adjusted noninterest income and loans and on a one-time item.

Wells branch employees knew in advance when bank inspectors were coming; Goldman, Morgan Stanley and JPMorgan execs have sold nearly $100 million in stock during the Trump rally

Add package pickup to the growing list of things banks are doing with branches as foot traffic declines.

The Consumer Financial Protection Bureau is ramping up enforcement actions ahead of a possible political showdown between President Donald J. Trump and the agency’s director, Richard Cordray.

The Consumer Financial Protection Bureau ordered two units of Citigroup to pay a combined $28.8 million for failing to help borrowers with foreclosure relief.

Google appears to be following through on promises to integrate the major payment networks’ digital wallets within Android Pay.

The new study highlighting the importance of the credit union tax exemption comes at a time when Congress is looking for new ways to boost government revenues and save taxpayers money.

Kenya Commercial Bank is working with Visa to bring the first mobile payment solution to its customers in East Africa that utilizes a quick-response code for e-commerce and in-store transactions.

Credit card issuers usually reserve their richest rewards for customers at the higher end who are willing to pay steep annual fees. But a recent surge in credit card rewards deals targeting mainstream consumers signals a key strategy shift for issuers.

Documents filed in connection with a $586 million settlement reveal how certain agents for the global money transmitter enabled extensive fraud and money laundering.

Guest host Sam Maule chats with American Banker reporter Lalita Clozel and others about the OCC fintech charter, smart home devices, virtual assistants, the security and compliance issues posed by Alexa, and more.