Goldman Sachs said that its partnerships with Apple and General Motors are hard to exit in the short term. So the investment banking giant is concentrating on making the deals profitable, even as it acknowledges that they may not be a long-term fit.

The servicer said it entered into the consent order "without admitting any wrongdoing, to avoid the expense and distraction of litigation."

Federal Reserve Gov. Michelle Bowman said some limitations and frictions in the payments system are by design and cannot be swept away by tech innovations.

The web-hosting company is updating its point-of-sale hardware and partnering with the company behind the Paze digital wallet as part of an effort to serve its clients' needs beyond e-commerce.

Not only could warehouse lines of credit be impacted by the U.S. version of international Basel rules, and financing secured by mortgage servicing rights may be, too.

Sen. Tim Scott of South Carolina, ranking Republican on the Senate Banking Committee, is pushing a bill to re-freeze Iranian funds made available after a Biden-negotiated hostage deal last month. Scott says the move is a response to Hamas' Oct. 7 attack on Israel.