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JPMorgan Chase is acquiring the Infatuation, a restaurant-guide company that owns Zagat, as the bank seeks to expand its consumer offerings to credit card users and other customers.

The neobank, which posted losses and burned through capital in its first year, has received a huge funding boost. That's raising questions about the depth of Varo's struggles and whether regulators and investors hold challenger banks and traditional banks to different standards.

Merchants will be able to offer the interest-free installment product starting in October. One of Synchrony’s retail partners, Amazon, announced a buy now/pay later partnership with Affirm last month.

Dan Berkovitz’s exit will leave the five-person U.S. derivatives regulator with only two members.

A U.S. judge signaled he won’t immediately terminate Libor, rejecting an effort by a group of borrowers who argued the benchmark is the product of a “price-fixing cartel.”

Banks that embraced their role as a conduit for Paycheck Protection Program loans were likelier to take more risk elsewhere, according to new research by three accounting professors. “Anytime you have that amount of money flowing through the bank, it’s going to affect behavior,” one of the authors said.

Businesses requiring customers to show proof of vaccination could streamline verification by incorporating inoculation records into wallet apps that patrons already have on their phones.

American Express again delayed its plans for returning U.S. workers to the office, citing the spread of the highly contagious delta variant in setting a new target of Jan. 24 at the earliest.

In the face of widespread power outages and supply shortages, credit unions are doing everything from offering low-interest emergency loans to providing bottled water and hot meals.

Acting Comptroller of the Currency Michael Hsu has appeared more circumspect than his predecessors about cryptocurrencies and other types of financial technology. Regulators are still seeking to understand the risks associated with these once-esoteric products, he says.

Daily edition for September 09, 2021

Congress is considering whether to fund Biden administration spending priorities by forcing tax evaders to pay what they owe. Banks are intensifying efforts to kill a related provision requiring them to share more account data with the Internal Revenue Service.

The consumer bureau is suing the online lender for allegedly violating a 2016 consent order involving its marketing claims. Acting Director Dave Uejio said the company doubled down “after getting caught the first time.”

A new service offered by the company helps clients automatically capture payment and invoice information as well as make sure the data matches.

Its $53 million purchase of Pacific Enterprise Bank would be BayCom's 10th bank acquisition since 2010.

The Office of the Comptroller of the Currency made good on a promise to rescind Community Reinvestment Act reforms finalized by ex-Comptroller Joseph Otting as part of talks with other regulators on an interagency overhaul of the law.

“The deceleration in economic activity was largely attributable to a pullback in dining out, travel, and tourism in most Districts, reflecting safety concerns due to the rise of the Delta variant,” the central bank said in its Beige Book survey.

The bank's technology team was trying to figure out how to develop a system similar to the respected software program of Brown Brothers Harriman's investor-services unit. Now that State Street is buying that same unit, it can drop the project.

Meta Financial Group’s next CEO, Brett Pharr, is expected to keep the company's prepaid and digital banking strategy on track.