Organization Root Tag

Maybe Congress shouldn’t be so quick to change laws without real-world input.

Elizabeth Duke and James Quigley step down from board; the bank is asking corporations to divulge their exposure and preparations as part of risk assessment.

The agencies recommend steps financial institutions should take to proactively prevent disruption of operations, minimize contact between staff and consumers, and plan for how affected employees reenter the workplace, among other things.

Mobile financial network provider Rapyd is embedding its open development tools with Brazilian processors to support payments in any local method.

Payment firms and fintechs can use open source and the cloud for a potent innovation combo, says Asset Control's Mark Hermeling.

Credit card issuers caught in the trap of chasing new customers with increasingly costly rewards-point programs are trying something new: letting more users redeem rewards directly with merchants instead of acting as the intermediary.

The House Financial Services Committee is expected to question two of the bank's former board members, raising public scrutiny to a new level for bank directors.

The agencies recommend steps banks should take to proactively prevent disruption of operations, minimize contact between staff and customers, and plan for how affected employees reenter the workplace, among other things.

State Farm struggled to make its bet on banking pay off and decided like other insurers to exit the business. U.S. Bancorp swooped in to add deposits and credit card accounts at little cost or risk.

The credit union regulator’s Office of the Inspector General outlined two former employees’ alleged carousing during work hours, the second high-profile scandal to hit the agency in just over a year.

Mastercard Inc. closed its office in Sao Paulo and an annex location near its headquarters in New York after an employee contracted coronavirus.

A handful of banks keep trying to make the customer-Alexa connection happen; banks are more worried about payments firms than other types of fintechs; how financial institutions are coping with COVID-19; and more from this week’s most-read stories.

Unity National Bank of Houston, which has reported losses three straight years, is receiving guidance and resources from Citigroup through a Treasury mentoring program.

Wells Fargo hopes to anchor its debit card at the top of customers’ digital wallets with a promotion offering users a $5 credit.

In the battle for premium cardholders, American Express Co.’s latest weapon is the scent of leather and ear reflexology.

The agency's effort to engage with lawmakers on a whistleblower award program is one of three initiatives the bureau announced to advance its strategy of preventing consumer harm.

Harit Talwar, the head of Goldman Sachs' consumer banking business, is in the running for one of India's top banking jobs.

The challenge has been aligning the data-sharing ecosystem in a way that simplifies access and enhances consumer control while ensuring a high level of security, says Finicity's Steve Smith.

U.S. lawmakers are pushing regulators to provide room for banks to work out loans with businesses and consumers who may be affected by the coronavirus.

Potential replacements for the bank's longtime CEO include consumer banking chief Gordon Smith, investment banking head Daniel Pinto, Chief Financial Officer Jennifer Piepszak and consumer lending CEO Marianne Lake.