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A recent announcement from the CFPB makes clear that the agency expects banks to adopt multifactor authentication, password management and security patching.

Record fines that the world's biggest investment banks are expected to pay in the coming months reflect years of frustration among U.S. regulators that their investigations were being hampered by unmonitored messaging among bankers.

Nigeria, which has attracted just 840,000 users for its digital currency since October, is seeking to boost adoption of the e-naira almost tenfold in the next 12 months by luring people without bank accounts.

U.S. central bankers offered divergent signals over the size of the next interest rate hike, with St. Louis's James Bullard urging another 75-basis-point move while Kansas City's Esther George struck a more cautious tone.

After enabling used-car sales with The Clearing House's RTP rail, the bank has implemented the same technology for real-time funding of vehicle loans.

The seller, Farmers Bankshares, has $609 million of assets and eight branches.

BOK Financial, based in Oklahoma, has tapped Mark Wade to become CEO of the Bank of Texas next year. The current chief, Norm Bagwell, will take a part-time role.

Eagle Bancorp in Bethesda has agreed to pay $22.9 million to regulators to settle claims it failed to report loans totaling $99 million made to founder Ron Paul, who will pay more than $500,000 in fines in addition to being barred from the industry.

The Consumer Financial Protection Bureau's recent offensive against redlining by nonbank mortgage originators is increasingly relying on internal communications to make charges stick.

Royal Bank of Canada is asking employees to come to the office more often, an early sign that the country's big banks may follow their U.S. rivals in cutting back on remote work.

Matt Damon's pitch to invest in crypto has disappeared from U.S. television sets. Same goes for glitzy commercials starring LeBron James and Tom Brady.

Bank of America said overdraft-service fees plummeted 90% after it took steps to ease off on the charges, which have been under fire from lawmakers.

Area Federal Credit Union in Aberdeen, South Dakota, has named Stephen Streirer as its new president and CEO. He replaces Robert Goscicki, who resigned last month.

Farmers Bank plans to develop new revenue from home loans, despite seeing many bigger lenders flee the same market.

Agility Bank, Encore Bank, Queensborough National Bank and others have chosen or are considering less-mainstream core systems vendors because of their responsiveness and adaptability.

As summer nears its end, finance-industry rookies are relishing their freedom while some fret over what it means for their future careers. Anxiety is simmering in Wall Street's kinder era for incomers, according to interviews with 10 young bankers.

Jonathan W. Roberts will transition from his roles with Webster Bank in Connecticut to lead the credit union on Sept. 19.

This week in global banking news, German regulator BaFin takes action on Allianz, trains in Toronto add contactless fare tech, Klarna expands in the U.K., and more.

Corporations are navigating shifting geopolitics, and M&A bankers are advising them as they consider selling off faraway units and focusing more on assets closer to home or in friendlier countries.

The COVID-19 pandemic revealed the fragility of complex global supply chains. Bankers say they are hearing from more U.S. clients who want to change that by moving manufacturing and supplier operations closer to home.