Despite some criticisms of the strategy, community banks should continue to pair up with fintech companies that can help them expand their digital offerings.

As technology advances for business-to-business or cross-border transactions, the accompanying messaging standard must evolve at the same rapid pace.

Flagstar Bank raids Regions for its director of retail banking; prosecutors allege bank CEO got access to Trump in exchange for approving Paul Manafort mortgage; a potential turning point in fintech regulation; and more from this week's most-read stories.

The CFPB said National Credit Adjusters had hired third-party collectors that routinely inflated the amounts that customers owed.

Members of the panel and two other advisory boards were all terminated in June and told they could not reapply for their positions.

With the recent focus on capital formation bills, lawmakers appear to be putting their Dodd-Frank angst aside.

Mastercard has become the latest major card network to suffer a high profile crash. With its Thursday incident coming hard on the heels of Visa’s crash last month many experts wonder if blockchain technology could prevent future card network outages.

The industry is slated for another busy week, with more bank results on the horizon, plus a nomination hearing for Trump’s pick to head the CFPB.

Attempts to legislate or regulate innovative payments treat consumers, who have affirmatively selected to use prepaid accounts or some other emerging access device to access their money, much differently than consumers who have decided to open a traditional bank account with an associated debit card, writes Brian Tate, president and CEO of the NBPCA.

Bankers should resist the urge to skirt financial regulations, including know-your-customer and lending standards, to make a sale. The danger of penalties and a possible reputational hit is too great.

The Canadian government is consulting with the country’s banking industry on opening up Canada’s payments infrastructure to nonbank payment service providers and fintechs, in a far-reaching move to spur innovation and competition.

About a month after Visa's European outage, Mastercard encountered a similar glitch for a brief period of time on Thursday.

Fannie Mae and Freddie Mac may need to tap into U.S. Treasury funds when they adopt CECL, a new accounting rule that makes companies set aside money upfront for expected loan losses.

The Treasury secretary told lawmakers that the government needs “to strike the right balance” on Bank Secrecy Act requirements while determining the best way to collect details about account holders.

Focus instead on legislation that will prevent the next economic crisis and address technological change, says Rep. Patrick McHenry, a Republican front-runner to become Financial Services Committee chairman.

Raj Date’s new firm, FS Vector, will help cryptocurrency firms and digital upstarts navigate Washington.

Credit unions remain committed to their central missions as they grow, says PenFed’s chairman.

Due to regulations that are designed to thwart money laundering, anyone attempting to transact on a global scale will encounter a patchwork of complex laws and local requirements that make payments anything but borderless, writes Brandon Spear, president of MSTS.

The Supreme Court nominee’s views on CFPB and the Chevron doctrine are considered favorable for the industry, but some say weakening agency deference is a double-edged sword.

The acting director’s proposal to subject the agency’s rules to congressional approval provides an important and overlooked check on administrative power.