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The bank’s former chair expressed regret over comments attributed to her in a House report, while Democrats and Republicans butted heads over whether the hearing was necessary.
March 11
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The central bank is trying to get ahead of possible funding disruptions caused by the coronavirus. Policymakers want to avert a repeat of September, when short-term borrowing costs spiked amid imbalances in supply and demand for cash.
March 11
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Financial executives who visited the White House pledged to help small businesses and consumers get through any economic damage as the virus continues to spread. They also encouraged the government to support fiscal stimulus policies.
March 11
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The National Association of State Credit Union Supervisors expects to hold the conference later this year but a specific date has not yet been set.
March 11
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Financial institutions need to alert customers about emails or websites that pretend to offer important COVID-19 information but instead could end up stealing their account numbers or logins.
March 11
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Capital One Financial Corp. requested that its employees work from home if they can, joining other companies in trying to stem the spread of the deadly coronavirus.
March 11
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Banks may be protected from a direct hit, but they have invested in vehicles that include such loans, potentially exposing them to defaults.
March 11
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Fear of dollars is now palpable in the U.S. epicenter of the coronavirus.
March 11
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Digital financial technology provider Wirecard AG is partnering with Grab to process transactions from the GrabPay e-wallet in Malaysia, the Philippines and Singapore.
March 11
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Just two months after UnionPay bolstered its support of QR code payments in China through an arrangement with Tencent Holdings Ltd., the company is working with Network International to initiate its first pilot for QR code payments at a merchant location in the UAE.
March 11
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As the fintech industry looks for ways to boost the number of women, crossover hiring – recruiting from traditional financial service firms to fintechs – has emerged as an effective strategy, according to Shearman & Sterling's Donna Parisi and NYC Fintech Women's Michelle Tran.
March 11
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Blair Korschun, who has led CU Direct Connect since 2011, will take the helm at Christian Community Credit Union later this month.
March 11
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Young consumers are demanding for new ways to pay, expecting more features and transactions to happen at a much faster pace, which means that companies need to keep up with the pace to adapt and offer the payment experience that this generation looks for, says EBANX's Henrik Nilsmo.
March 11
EBANX -
The chairwoman of the House Financial Services Committee should call on regulators to take more aggressive steps with bad banking practices, starting with Wells.
March 11
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The North Carolina company will hold onto the loans after the Fed's decision to slash interest rates.
March 11 -
Leaders to parlay with president as banks worldwide offer to aid customers; Wells CEO says the bank will be run “fundamentally differently” than in the past.
March 11
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Payments software company SpotOn Transact has completed a $50 million funding round that included investments from 01 Advisors, a firm founded by former Twitter executives.
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As the pandemic spreads, credit unions must take steps to make branches safer for members and staff. Here's how.
March 11
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Amazon's dominance of the smart speaker segment makes it well positioned to turn an increasingly work-from-home culture into a voice-shopping powerhouse.
March 11
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