Readers consider Square's bid to become an industrial loan company, weigh the Federal Deposit Insurance Corp.'s oversight of brokered deposits and debate reforms to the Consumer Financial Protection Bureau.

In the face of tough questioning from House members, CFPB Director Kathy Kraninger appeared mostly unfazed and tried to strike a balance between heeding concerns about the agency’s power and supporting its mission to help consumers.

Digital-asset companies will try to develop a less adversarial relationship with the state's securities regulator, who stopped several startups from selling digital currencies as investments.

Sen. Sherrod Brown, D-Ohio, said "the best place for me to continue fighting for Ohio and for the dignity of workers ... is to stay in the U.S. Senate."

The National Credit Union Administration will return the money to credit unions after having lowered the agency's normal operating level last year.

Control breakdowns and poor governance can affect fintech partnerships of all types, whether lending, payments, deposit-taking, wealth management, or insurance activities,according to Cliff Stanford, a partner in Alston & Bird's Financial Services and Products Group.

SETL, a London-based blockchain startup with a former Bank of France governor on its board and Credit Agricole SA among its investors, appointed administrators to reorganize the business.

The CUSO will work with AffirmX, which provides compliance and risk management offerings, on product development.

Banks moving past traditional card lending to compete on POS; ; five board members plan to leave before the bank’s May meeting.

The Federal Reserve voted Wednesday to keep the countercyclical capital buffer at its current level of zero, ending some speculation that the board could be looking at a possible increase.

The central bank is limiting the use of its qualitative objection in this year’s stress tests, the agency announced Wednesday.

U.S. regulators are poised to scrap their proposal for revising Volcker Rule restrictions on banks' trading in favor of a newer version as they respond to a misstep that drew fire from Wall Street lobbyists, according to people familiar with the effort.

Amazon’s an attention machine, making its reported attention to Mexico’s criticized mobile payment project something banks have little choice but to see as a welcome development instead of a threat.

The Federal Reserve said it wants to discourage banks from using returns on Fed account balances as a business model.

The legislation comes a day before CFPB Director Kathy Kraninger is set to testify to Congress.

By applying to become an industrial loan company, the fintech would be able to use insured deposit accounts as a cheap source of funding without having to comply with the tough rules banks face.

The industry cheered the bureau’s proposed repeal of its ability-to-repay requirement, but another part of the rule — on account debit restrictions — was left intact, and some companies aren’t ready to comply.

Companies are scrambling to shore up Brexit strategies to ensure their payment systems work, a difficult if not impossible task given the political uncertainty. But it’s also an unavoidable complication, which Tipalti hopes will provide a boost for its service, which is built to expect uncertainty.

The interagency panel formed to head off approaching systemic risks must figure out its next move after having undone designations of nonbank firms.

Senate Democrats are pushing the CFPB to resume examinations under the Military Lending Act, according to a letter sent to the agency's director on Tuesday.