Fintech

A bipartisan bill awaiting a Senate vote aims to reduce tax burdens for financial fraud victims by restoring an expanded personal casualty loss deduction.

The Columbus, Ohio-based bank reevaluated its earnings guidance amid tough competition that hampered its production of commercial real estate and indirect auto loans.

A new study based on a survey of more than 500 advisory practices by The Kitces Report sheds light on how the fastest-growing firms are spending their marketing dollars.

While Federal Reserve Chair Kevin Warsh has sought to inject some mystery into the central bank's communications with markets, an American Banker analysis shows that officials other than the chair have been speaking more and more frequently over the last few decades.

Consumers' spending and payment behaviors were "holding very firm" despite inflationary pressures, Synchrony Chief Financial Officer Brian Wenzel said at the Barclays Global Financial Services Conference.

Increased costs, a limited consumer pool and churn are pressuring the financial institutions that are competing in the luxury card market.

A gathering for LGBTQ advisors and allies the day before LPL's flagship Focus conference drew executives, big-name sponsors and a standing-room crowd. So Marci Bair and other organizers are planning a standalone event next spring.

President Donald Trump said that he supported capping what he called "out-of-control credit card swipe fees" at the Republican midterm convention in Dallas. Wednesday's comments mark the third time the president has said he supported the Credit Card Competition Act.

Research finds consumers are using billers' websites to make payments, largely snubbing banks' sites.

The institution is among the first users of an embedded banking platform from FIS that places financial services and payments inside of the business software.