Economy

The prepaid card industry is ramping up its advocacy efforts on Capitol Hill as the Consumer Financial Protection Bureau readies a final rule targeting such products.

Growth opportunities for e-commerce companies looking to go global in the next few years are huge, but many are daunted by the complexity of different online payment approaches used around the world, say international e-commerce payment experts.

Illinois, California and New York are all taking initial steps to try to crack down on borrower abuses in the fast-growing digital lending marketplace. The states are facing pressure to intervene because federal agencies have yet to take decisive action.

Most modern mobile wallets didn't start out in their current form. Some didn't even start out as mobile apps.

Banking regulators made several critically important changes in their new plan to restrict executive pay at financial institutions after their first attempt flopped in 2011. Here's what they did.

Capital continues to flow freely into financial technology ventures, many of which are repositioning themselves as aspiring partners for banks rather than would-be disruptors.

Traditional banks are not likely to match the nimbleness of a fintech startup for a whole variety of reasons. But that doesn't mean all is lost.

Federal regulators unveiled a long-awaited proposal Thursday designed to target incentive-based pay arrangements for executives at banks and credit unions, the agencies' second attempt after their initial plan met fierce resistance.

An online student loan refinancing business that was recently spun off from a Virginia bank has been rebranded as Purefy Inc.

Continued doubts over ending "too big to fail" should force managers to elevate underappreciated staff whose job is to attack oncoming risks.

Two St. Louis-area investors have been indicted on charges they defrauded the failed Excel Bank on real estate loans.

To tackle alternatives to payday lending, regulators and the industry should consider these three ideas for pilot programs instead of the Consumer Financial Protection Bureau trying to fix what it cannot.

Signature Bank in New York reported record profits in the first quarter as strong loan, asset and deposit growth more than offset increased expenses and deterioration in its portfolio of taxi-medallion loans.

Several small and midsize banks generated large year-over-year loan growth despite a belief by some outsiders that a slowdown was looming. Bankers may have to spend coming months assuring investors that they can keep booking loans while adequately managing risk.

WASHINGTON — Michael Wilson officially assumed the titles of president and chief executive of the merged Federal Home Loan Bank of Des Moines on Monday, a little sooner than expected.

Community banks are at a crossroads as they face a threat from alternative lenders and the need to stay true to the traditional bank model. What they should do?

The heat of battle can forge some unlikely bonds, as demonstrated by MasterCard and Western Union’s collaboration with the four-year-old mobile financial service provider bKash, giving the incumbents a foothold in omnichannel payments and making them a bigger threat to other newcomers.

Senate Banking Committee Chairman Richard Shelby, R-Ala., is seeking input from the Government Accountability Office and the Congressional Budget Office on the future of policies dealing with Fannie Mae and Freddie Mac.

WASHINGTON — Several Democratic senators are calling for the Government Accountability Office to investigate whether financial technology companies are properly regulated.

Carver Federal Savings Bank in New York announced a loan program for small businesses on Monday.