Economy

While Visa and MasterCard aren't yet applying the same level of pressure for tokenization security as they are for EMV-chip cards, the card networks' CEOs are clear that this technology is their new expectation for e-commerce.

As Starbucks has proven for years, few retail interactions are more tailor-made for mobile payment than coffee sales. But when U.K.-based grocery chain Marks & Spencer launched its own coffee loyalty app in a 58-store trial in London, it chose to keep its menu much simpler.

Regulators are confused about whether to use capital buffers as a tool to stamp out "too big to fail" banks or as a cushion to protect the financial system from the next crisis. But the Dodd-Frank Act gives them a clear mandate: to eliminate market expectations of a government bailout.

Studying borrowers' credit characteristics and tightening quality control are more important to how mortgages perform than the size of down payments.

The Federal Housing Administration's new foreclosure relief options for nonborrowing spouses of reverse mortgage customers will increase loan servicers' costs, and some question how many consumers they will actually help.

While lawmakers are calling for a bill to raise Dodd-Frank's unpopular $50 billion threshold for banks to be considered "systemically important," regulators actually have the power to do it without legislation.

Alternative finance marketplace Lending Club has entered into an agreement with the U.S. branch of Alibaba to offer financing to American businesses to buy parts from Chinese manufacturers through the Alibaba marketplace.

WASHINGTON — Lenders are concerned about the performance of syndicated leveraged commercial and industrial loans in 2015, a Fed survey said Monday, underlining regulators' worries that such loans may be a source of systemic risk.

President Obama's 2016 budget plan tackled a host of big picture items for banking, including Dodd-Frank reform, CFPB funding, cybersecurity, as well as FHA and SBA lending. Here's what banks need to know.

More than a decade after spearheading the direct banking model of offering high-yield savings accounts exclusively online at ING Direct, Arkadi Kuhlmann is trying to reboot international banking for the smartphone.

Opus Bank in Irvine, Calif., has received regulatory approval to form a broker-dealer subsidiary that will expand its merchant banking capabilities.

By linking mobile payments with money transfers, Western Union created a new use for Apple's mobile wallet. But it must still rigidly conform to the basic requirements of an Apple Pay transaction — without a bank account, there is no payment.

Small business alternative lender Biz2Credit has added Fortis Payments to its roster of payment partners.

The Federal Housing Finance Agency will require nonbank mortgage firms to meet minimum liquidity and net worth standards to curb risks to taxpayers from the rapidly expanding industry.

Federal Reserve Gov. Daniel Tarullo says "shadow banking" is another source of systemic concern for bank regulators

While Visa and MasterCard aren't yet applying the same level of pressure for tokenization security as they are for EMV-chip cards, the card networks' CEOs are clear that this technology is their new expectation for e-commerce.

In yet another revision of its mortgage rules, the Consumer Financial Protection Bureau proposed making it easier for small and rural lenders to make "qualified mortgages." Industry representatives said the changes are poised to make a big difference.

The telco-backed mobile wallet Softcard is at a significant crossroads. Though it once saw the debut of Apple Pay as an opportunity, Apple may actually be edging its rivals out of the market, and Softcard's next move will decide not only its own fate but also the strategies of the banks and merchants that could benefit from its technology.