Now is the time to correct the mistakes of interchange price controls that harm consumers and community financial institutions to the benefit of merchants.

Some big banks are venturing further down the risk spectrum after a long period of unusually strong credit performance.

Synchrony Financial enjoyed strong loan growth in the second quarter, but gains in interest income were more than offset by a larger provision for losses.

Profits rose by 9% at Capital One Financial during the second quarter thanks to strong growth in the firm's credit card and commercial banking businesses.

Visa Inc., the world's largest payments network, posted fiscal third-quarter profit that beat analysts' estimates as customer card spending accelerated. The company said it will buy back as much as $5 billion of its shares.

American Express Co., the biggest U.S credit-card issuer by purchases, said second-quarter profit rose 37 percent as customers increased spending and the company booked a $1 billion gain from the sale of its Costco Wholesale Corp. portfolio.

Amalgamated Bank and Banco Popular, financial institutions with niche appeal, are rolling out national online platforms, calling into question what it means to be a community bank today.

Profits rose nearly 3% at Discover Financial Services in the second quarter thanks to solid loan growth and a one-time tax benefit.

Keefe Bruyette & Woods and Nasdaq have launched an index that tracks fintech companies.

Citigroup executives were at pains to explain the benefits and challenges of a new partnership with Costco that has netted the bank millions of new credit card customers but also added to its cost burden in the second quarter.