Payments

The credit card lender's earnings beat analyst expectations, but it also reported weakness in spending and higher late payments. Amex boss Steve Squeri said consumers are "resilient" and credit remains strong.

During Thursday's earnings call, Chief Financial Officer John Greene told analysts that "everyday living expenses" are a challenge.

The Bank Policy Institute and The Clearing House filed a motion to join the central bank's defense of Regulation II.

Visa and Mastercard face pressure to lower payment charges globally, while the London-based fintech receives more fraud reports than the country's largest banks.

Purchases on the company's credit cards fell 4% as some customers traded down to cheaper goods or skipped discretionary spending. But CEO Brian Doubles said consumers remain in "pretty good shape" as they manage their budgets.

The Swedish company struck a deal to offload buy-now, pay-later loans that it originates in the U.K. as it looks for ways to free up capital ahead of its public debut. 

The investment banking giant is selling its General Motors credit card portfolio to Barclays, which is looking to grow and diversify its U.S. cards business. It's part of Goldman's retreat from consumer banking.

Bank of America, Wells Fargo and U.S. Bank are among the institutions taking advantage of regulatory tailwinds to get more aggressive.

The giant card network and the global bank are combining their scale to boost real-time cross-border transfers as fintechs target the market.

The Conference of State Bank Supervisors cast doubt on an initiative unveiled by Treasury Under Secretary for Domestic Finance Nellie Liang that would establish a federal regulatory framework for domestic payments, saying that state-level supervision "does not … constitute a regulatory gap."