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A service outage on Friday at Fiserv affected multiple banks and crippled at least 60 applications for some Fiserv customers, including Early Warning's peer-to-peer money transfer app Zelle. The issue, while resolved, reiterates the importance of bank redundancies.
May 5
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A bipartisan alliance backing stablecoin legislation shattered in the U.S. Senate.
May 5
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The bank in the past year returned to offering loans backed by the cash that investors pledge to funds.
May 5
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Truist, Texas Capital and Citizens Financial are among the banks that will be forced to address shareholder dissatisfaction over executive pay.
May 2
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The Bureau of Labor Statistics reported that the economy grew 177,000 jobs in April, beating expectations and giving the Federal Reserve little reason to adjust interest rates in the near term.
May 2
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The unemployment rate held steady at 4.2%, suggesting uncertainty over President Donald Trump's trade policy has yet to materially impact hiring plans.
May 2
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The Consumer Financial Protection Bureau will not enforce or supervise the 1071 small business lending rule, it announced in a press release. The rule requires collecting data on the race, ethnicity, gender and LGBTQ status of loan applicants.
May 1
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The Small Business Administration is backing new legislation that would double the size limit on its manufacturing loans. Supporters say the bill has support on both sides of the aisle in Washington.
May 1
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Ex-National Credit Union Administration board member Todd Harper outlined legal, economic and political dangers of recent firings of independent regulators.
May 1
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As Trump's trade war causes politically influenced shifts, the card brand contends it is set to pick up volume in non-American corridors.
May 1
