American Express Co.’s quest to be accepted everywhere from the corner bodega to the nail salon down the street is paying off.

The Bank Policy Institute said the Current Expected Credit Loss model is a “sea change” from how banks have traditionally set aside reserves.

Credit unions won't have to comply with the controversial rule until at least 2020, but a forthcoming proposal on alternative capital could raise the ire of banking groups.

Mastercard is making the first move among the card networks, again, on moving away from the signature requirement — completely removing the space for a signature from its cards.

Donald Layton, who has run the mortgage giant since 2012, discussed the busy agenda leading up to his departure and says Freddie can serve as a "technical adviser" in GSE reform talks.

The retiring chairman of the House Financial Services Committee defends his often uncompromising pursuit of rolling back post-crisis regulations.

The European data sharing regulation, PSD2, is often seen as a compliance burden for banks — but if used correctly, the rules provide a path to boosting digital payments revenue.

This week marks the official start of Canada’s legalized recreational cannabis industry — and American Express, Visa and Mastercard are ready to handle the new market's payments, in a stark contrast to their stance in the U.S.

Trade groups say the National Credit Union Administration hasn't adequately explained how it plans to reduce its budget at the same time it asks Congress for increased oversight powers.

The U.K. market has reached a tipping point where consumers are conducting more in-store transactions using a contactless form of payment (card or phone) instead of a process that requires the card to be inserted into a POS terminal.

The U.S. has arrested a Treasury Department employee for leaking confidential bank records pertaining to Paul Manafort, Rick Gates, the Russian Embassy and Maria Butina, who's been accused of being a Russian agent.

Regtech — the intersection of regulatory compliance and financial innovation — is still taking shape in the U.S with some pushing for "tech sprints" to speed the development of new tools, while some see new threats and opportunities looming in the space. Following is a look at hot-button topics at American Banker's RegTech summit.

Federal and state regulators are at odds over the Office of the Comptroller of the Currency’s new licensing program, but there are ways to improve current law to appease both sides.

The Financial Stability Oversight Council announced Wednesday that it was rescinding the SIFI label for Prudential, a culmination of almost a decade of fierce debate about how regulators should address the risk of nonbank financial firms.

Many bankers say the agency needs to rethink its definition of brokered deposits and how it sets interest rate caps.

Questions surrounding Eric Blankenstein, a senior CFPB official whose racially charged writings from over a decade ago have led to calls for his resignation, have been referred to the agency's watchdog.

Federal regulators have issued answers to frequently asked questions on appraisal regulations.

John Kolhoff will lead the Credit Union Commission of Texas starting in early December.

Credit unions around the globe added more than 40 million members between the end of 2013 and 2017, according to a new report from the World Council of Credit Unions.

Banks need dedicated teams to shore up digital compliance efforts, officials at SourceMedia’s RegTech 2018 conference said.