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The banks have reportedly facilitated trades of Russian sovereign and corporate debt. Two Democrats in Congress want more information, saying that the dealings, though legal, may undermine efforts to hold Russian President Vladimir Putin accountable for the invasion of Ukraine.

Global warming continues to hold the attention of the industry. Firms are not standing still, but responding proactively.

The acquisition of locations owned by HomeStreet Bank will mark the Idaho bank's entry into the Evergreen State.

A semiannual online banking scorecard highlights areas where banks are doing well and could improve, such as customizable home pages and transparent fees.

Consumer Financial Protection Bureau Director Rohit Chopra is pushing the envelope of the bureau's power and jurisdiction in untested ways. More companies are disputing the CFPB’s allegations, refusing to pay large fines or admit wrongdoing, and vowing to defend themselves in court. 

Deserve, a credit card technology startup, said it secured a $250 million credit facility from banks led by Goldman Sachs Group. 

The quartet have formed United Financials Capital, a credit union service organization that will allow its founders to fund larger loans than they would be able to individually.

The Michigan State University economist endured a grueling political fight over her nomination and secured a party-line vote in her favor on Tuesday night. 

The state banking commissioner criticized the online peer-to-peer lender's tipping policies, failure to disclose tips and lack of lending and collections licenses in the state.

FAFCU will add 12 new counties to its eligible areas of coverage after receiving the go ahead from the National Credit Union Administration.

In order to align financial policy with the interests of consumers, the agency should consider why these services have caught on — and remember to keep a lane open for innovation.

Remittances to war-ravaged Ukraine are forecast to jump by over 20% this year to a record, even as those to fellow former Soviet republics in Central Asia will likely fall “dramatically” given Russia is their main source.

In global news this week, the U.K. debates a plan to protect cash, the EU sets a timeline for its Digital Markets Acts, PayPal and Standard Chartered invest overseas, and more.

The CEOs of both Upstart and Oportun said this week that while they will maintain their existing interest rate limits, some higher-risk customers will no longer qualify for their loans as borrowing costs rise.

The Minneapolis company believes a new partnership with LiquidX will grow its niche supply-chain financing business by 'multiples.' The goal is to help more suppliers get paid early in a system that's been pinched throughout the pandemic.

Roughly 24,000 people had new foreclosures listed on their credit reports in the first quarter, up from about 9,000 three months earlier, a Federal Reserve Bank of New York report says. States are trying to cushion the blow on homeowners now that many pandemic-related federal protections have ended.

The Federal Reserve governor said it isn't the central bank’s place to set regulations for specific risk scenarios, and he downplayed the risk that climate change poses to financial stability.

The card company and financial institutions are collaborating with cross-border settlement platform Carbonplace to improve processing and risk management for environmentally-focused transactions.

The head of Wall Street’s top derivatives regulator said that financial market regulators are considering steps to rein in the crypto market if Congress doesn’t pass legislation.

Think Stack's purchase of Emergifi also brings it an equity stake in Corporate Central Credit Union, which founded the Milwaukee organization in 2017.