Economy

Banks and nonbanks should accept that more fintech regulation is inevitable, but how far regulators go will depend in part on how well companies demonstrate they are managing risk.

One of the country's largest online lenders is cutting jobs and shelving expansion plans in response to investors' rapid retreat from the beleaguered sector.

Severn Bancorp in Annapolis, Md., has partially redeemed outstanding shares tied to the Troubled Asset Relief Program.

California Bank of Commerce in Lafayette has raised $9 million to help it exit the Small Business Lending Fund.

In his first public remarks this year, Federal Reserve Gov. Daniel Tarullo offered a preview of the enhanced capital and liquidity requirements that certain insurers will soon face.

Regulators have abused their role of implementing law to actually make financial policy, usurping the role of Congress in a tripartite system.

Google revealed a dizzying number of projects at this year's Google I/O event, and it is courting developers to turn each of them into a thriving commerce platform. Whether or not Android Pay was mentioned by name, it was an undercurrent of nearly every offering.

A new Labor Department regulation designed to make more American workers eligible for overtime pay stands to add costs and slow hiring at community banks.

The Justice Department filed suit Thursday against Guild Mortgage, arguing the firm violated the False Claims Act by improperly originating and underwriting Federal Housing Administration loans.

If the DAO, an automated, leaderless "company," lives up to the hype, it could radically transform corporate finance and governance. But many wonder if the entity's record crowd sale is kosher under securities laws.

Interest in smart contracts is growing, in part because of the promise of lower legal expenses. But the programmers of these self-enforcing, automated agreements will still need to consult with lawyers to translate the terms into code.

Minneapolis Fed President Neel Kashkari made waves when he said drastic measures — including potentially breaking up the megabanks — are needed to end "too big to fail." In an expansive interview, Kashkari talked about his political future, the culture at the Fed and the challenge of legislating change.

The financial services sector would benefit from companies — banks included — submitting dedicated disclosures on the impact of climate change.

The Department of Housing and Urban Development issued a proposal Wednesday to codify recent changes to its reverse mortgage program and to provide additional protections for seniors, including a cap on annual interest rate increases.

Google’s upcoming personal assistant and cross-platform messaging apps make substantial use of payments, though the transactions exist entirely in the background to encourage a smooth user experience.

A study commissioned by the Massachusetts Bankers Association found a correlation between a spike in credit unions with low-income designations and an increase in member business lending in the state.

Banks are trying to upgrade tech offerings, from mobile banking to bill pay. But that's easier said than done, in part because the biggest core processors use their dominant market share to restrict access to banks' networks. They do this, in part, because they offer their own competing tech products.

Synchrony Financial, the credit card lender that was recently spun off from General Electric, is considering an expansion into small-business lending.

JPMorgan attracted stronger support for its annual say-on-pay vote after dozens of conversations with major shareholders prompted it to make a series of changes to executive compensation.

Technology leader BBVA Compass has been ahead of the pack in real-time payments, neobanking and fintech investing. Manolo Sanchez shares his vision for next steps: the bank's developing API marketplace and "Uberized" digital banking.