Economy

As PayPal has grown over the years, it has made enemies. Some of these rivalries were short-lived, while others persist to this day.

The Federal Reserve has announced the schedule for releasing the results of the 2016 stress tests of the largest U.S. banks.

In what could bring major visibility to the emerging market for wearable payments, Visa today unveiled an NFC-enabled piece of jewelry it’s giving to 45 Olympic athletes on Team Visa.

Federal Reserve Govs. Jerome Powell and Daniel Tarullo Thursday said they expect banks to have to meet significantly higher capital minimums after the central bank applies its capital surcharge rule for large globally risky banks to its stress test. That difference could significantly cost banks.

How Eastern Bank pulled off something few community banks have: launching a digital lending product that the 197-year-old mutual dreamed up in its innovation lab.

Federal Reserve Board Gov. Daniel Tarullo said Thursday that he anticipates the agency will eliminate the qualitative requirements in the annual stress testing program for most midsize banks as early as next year.

A number of executives are warning that midsize borrowers are hoarding cash rather than borrowing, reflecting increased concern about the economy.

PayPal's split from eBay was supposed to sweeten its appeal to merchants, but it’s also stoking rivals in the payments industry — in particular Visa CEO Charlie Scharf.

While existing state laws show that payday lending curbs lead to positive outcomes, those laws will still benefit from a strong Consumer Financial Protection Bureau rule.

Several civil rights and community development groups wrote Tuesday to urge the Federal Housing Finance Agency to recapitalize Fannie Mae and Freddie Mac.

WASHINGTON — The Federal Housing Finance Agency is set to make the sales of nonperforming loans by Fannie Mae and Freddie Mac more transparent, including providing information on trends at the individual pool level, according to a top agency official.

At least three community banks have hired lenders who once worked at banks bought by BB&T. The question is whether those lenders can coax their clients to also make a switch.

PayNearMe has long offered a service designed for consumers who prefer to use cash in a digital world, but even it has to accept the need to get on board with electronic payments.

The idea that restricted access to loans for poor-credit borrowers is unequivocally a bad thing is based on industry talking points that don't stand up to real-world scrutiny.

WASHINGTON — The Federal Reserve will vote next week on whether to publish a blueprint for capital requirements for insurance firms under its supervision and insurance companies designated as systemically risky.

The Federal Reserve has been conducting annual stress tests on the biggest banks' liquidity since 2012 — tests the banks largely support. But as the Fed advances new liquidity rules, they're starting to question why more rules are necessary.

Banks have rushed to the exits when it comes to Fannie Mae and Freddie Mac debt securities. Federal liquidity rules seem to be prompting big banks to do so, but why small banks are unloading the bonds, too, is more of a puzzler.

Many appraisers are charging more or simply refusing to do FHA work, which to their minds now comes close to, if not crossing into, the remit of the home inspector.

Well before the mobile payments explosion, incumbents were already focused on how to respond to nonbanks "piggybacking" on banks' payments infrastructure. As the consultant behind a 1994 banking industry report on the threat put it, "there is no time for delay."

The Inspector General for the Department of Housing and Urban Development Inspector General is not backing down on his concerns about premium pricing associated with the down payment assistance programs by the Federal Housing Administration.