Merchant

Since launching in summer 2023, the government-backed instant settlement network has attracted hundreds of financial institutions, but there is still room for growth.

Mr. Cooper will be filing a motion to dismiss a data breach-related class action by Sept.13, documents show.

Cannabis is becoming a big business in the U.S., but companies in the field still struggle to find financing. A broadly accepted way of assessing their creditworthiness would be a huge help.

A federal judge excoriated banks for inflating data in a challenge to the Consumer Financial Protection Bureau's data collection on small-business loans.

Vice President Kamala Harris could stoke a conflict between bankers and merchants over interchange fees as she targets high food prices as part of her presidential campaign.

A representative of America's Credit Unions takes issue with a recent article suggesting that credit union commercial lending is excessively risky.

Vice Chair for Supervision Michael Barr says generative AI could present financial-stability risks if certain models are used ubiquitously.

Loandepot and Mr. Cooper said they've spent tens of millions of dollars this year following recent, major hacks.

The American Bankers Association and the Illinois Bankers Association, among other groups, say a state law barring swipe fees for taxes and tips should be preempted by federal law.

The same creativity and flexibility that community development financial institutions bring to business lending ought to be applied to financing affordable housing.