Economy

Final guidelines for dealing with failing institutions from the international Basel Committee include direct capital injections — something the Dodd-Frank Act tried to end in the U.S. — as a last-ditch option.

Wall Street's favored bank-resolution strategy would virtually guarantee future bailouts while imposing the costs on taxpayers and ordinary investors. At the very least, the damage can be mitigated with three key reforms.

With the clock ticking for the Oct. 1 deadline for EMV adoption, acquirers and independent sales organizations have a clear opportunity to become payments consultants.

Federal Reserve Board Chair Janet Yellen sounded at least open to the idea that new regulations have contributed to potential liquidity problems, but said more study is needed.

Google is firming up plans for a feature that allows consumers to buy products directly from a retailer's ad on a mobile phone, part of a Silicon Valley-driven trend that would place card issuers at a disadvantage.

Nobody wants a big-bank bailout, but compared to the risk of contagion, it's the lesser of two evils.

Finding Apple Pay-accepting merchants in the U.K. isn't quite the needle-in-the-haystack proposition that it is in the U.S., but it's still enough of a challenge to raise concerns among Apple's partners during the mobile wallet's launch in the country.

Those looking for easy answers from a government report about what caused recent volatility in the Treasury markets — including whether regulation is to blame — were likely disappointed.

Struggling to win business in the age of QM, Impac Mortgage has relaxed underwriting requirements in hopes of attracting borrowers many other lenders won't touch.

Democratic presidential fron-trunner called for tougher reforms on Wall Street and harsher penalties for financial misconduct, but avoided more aggressive positions embraced by other candidates to break up the biggest banks.

Banking experts are starting to look into cryptocurrency tech, and they are hedging their bets by finding uses for both the public blockchain models – like Bitcoin – and private models.

Zapp is racking up bank and merchant participants for its mobile payment venture in the U.K., filling the gap left by the telco-led Weve initiative and providing scale as Apple Pay launches.

The PayPal of today has come a long way from the 1998 startup that enabled people to transfer funds between Palm Pilots. As the company nears its spinoff from eBay, it is continuing its acquisitive streak with some transformative purchases.

While the Federal Reserve and other regulators extended the deadline for some parts of the Volcker rule, July 21 is the deadline for all banks to have a compliance regime in place.

The Senate Banking Committee Chairman Richard Shelby, R-Ala., convened a hearing where he and others criticized the Financial Stability Board for its lack of accountability and influence on U.S. regulators.

Democratic presidential candidate Martin O'Malley is calling for breaking up the biggest U.S. banks, revamping the Federal Reserve and pursuing criminal cases against financial institutions that have broken the law.

As Treasury Secretary Jacob Lew defended the legacy of the 2010 reform law, in another part of the capital a banker and Republican lawmakers pleaded for legislative changes.

Digital-only Atom Bank in the U.K. recently won a banking license — a feat U.S. fintech entrepreneurs have either failed to accomplish or not bothered trying, instead partnering with established institutions.

The Federal Housing Administration wants to set a hard deadline for servicers to file claims on soured mortgages. Industry executives say it should be manageable — unless foreclosures surge again.

Payment Alliance International, a Kentucky-based independent sales organization and ATM provider, has partnered with charitable fundraising firm Digital Processing Solutions to create a new "Digital Donations" program accessible through ATMs.