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A decision by the FHFA to study further a proposal by Fannie Mae raises questions about industry pressure to head off a plan that seeks to cut premiums by hundreds of millions of dollars and end controversial payments to banks.
February 12
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The traditional payday loan structure should cease to serve as the standard by which innovation in this credit space is measured.
February 12
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Nok Nok Labs, a startup run by the founder of data security vendor PGP, is developing technology that could let biometric authentication mechanisms communicate easily with servers.
February 12 -
Banks are beginning to use considerable discretion in deciding what constitutes an illegal act and sometimes even an immoral act. Freeze the funds first ... ask questions later.
February 12
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The bulwarks of financial privacy may, by default, become unsanctioned, underground networks like Bitcoin and startups run by youngsters brazen, or naive, enough to test the legal and regulatory limits.
February 12
American Banker -
American Express Co. Chairman and Chief Executive Officer Kenneth I. Chenault netted $15.4 million before taxes from the exercise of stock options and the sale of restricted shares.
February 12 -
BNY Mellon is facing a $900 million tax bill after a U.S. judge rejected its attempt to claim hundreds of millions of dollars in foreign tax credits.
February 12 -
American Express said Monday it is working with Twitter to expand its cardholders' ability to shop over the social networking site.
February 12 -
American Express says it is working with Twitter to expand its cardholders' ability to shop over the social networking site.
February 12 -
A MasterCard Inc. "mobile preparedness" study in 2012 indicated that Singapore, Canada and the U.S. were the countries most prepared to offer payments technology and innovation to serve willing consumers. But the study also showed the U.S. ranking 10th when it came to "consumer readiness" for adopting mobile payments.
February 12
