The head of the Senate Banking Committee invited the housing secretary to Idaho to discuss low-income housing shortages.

Groups seeking to open a new institution will submit preliminary information for review by the National Credit Union Administration.

Know Your Customer and open banking create tough barriers for 'near real-time' account opening, says Entersekt's Jennifer Singh.

New data from the state shows that payday loans fell to a 12-year low in 2018. But the trend does not necessarily mean that consumers are paying less to borrow.

Regulatory sandboxes can create a lot of opportunity for the winners but inadvertently put losers at a competitive disadvantage.

U.S. financial stocks are down nearly 4% this week on rate pressure, but it’s even worse for European banks; the mutual fund giant will automatically sweep investor cash into a money fund yielding 1.9%.

Despite being compliant, market-specific deployments leave retailers facing a new set of compliance challenges when moving into new geographies, argues Arnaud Crouzet, VP of security and consulting at FIME.

Lawmakers and others faulted the agency's foot-dragging on approving licenses and funding requests for small-business investment companies, whose owners include banks.

New York and 10 other states are looking into whether companies in the fast-growing sector are violating payday lending laws.

Vice Chairman Randal Quarles’ public dissent raises questions about how the board will proceed on other policy debates.

Three years ago, payments technology provider Dwolla submitted a 164-page proposal to the Federal Reserve's Faster Payments Task Force. This week, the Fed unveiled a plan for its own faster payments system, but Dwolla had already moved on to other projects.

Ambiguity about which laws apply to blockchain technology has prevented certain companies from doing business in the United States.

The panel has had 13 public meetings since the Massachusetts senator’s last appearance, in May.

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The Upstart Network, the first and only startup to participate in the bureau’s program for promising digital platforms, claims that using nontraditional credit data items has helped loan volume and affordability.

Seven senators, including Sen. Chuck Grassley, sent a letter requesting information on what steps the Justice Department was taking to address the issue.

Banks need to mitigate potential bias in algorithmic predictive models using artificial intelligence, as regulators are weighing how to oversee the emerging technology.

David Marcus spent more than 15 years climbing the ranks in the mobile sector before becoming PayPal’s president and then moving onto Facebook, where he now leads the blockchain team that launched the controversial Libra cryptocurrency project.

With the loan-to-savings ratio at its highest point in four decades, some CUs have limited options to boost their funding.

Open banking could help credit unions retain and attract new members but concerns remain around data privacy.