Technology
The Consumer Financial Protection Bureau is in the early stages of developing a rule that could give bank customers far more say in how their information is being accessed by fintechs and data aggregators. What the final rule looks like will depend on how much consumers already know about the way their data is collected, stored and sold.
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Valuations for payment technology companies skyrocketed over the past year, pushed by a wave of public listings and record venture capital investments. Some potential acquirers are waiting for prices to cool.
January 19 -
Challenger banks like Chime and Dave have been helping customers avoid overdraft fees for years. As traditional banks start to do the same, the fintechs say they still offer consumers a better deal.
January 13
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The companies will use funding obtained from private investors to develop or expand products that help business owners send and receive money more quickly and manage their operations.
January 11 -
Chief Audit Officer Denise DeMaio will join Truist from MUFG, while Chief Information Security Officer Howard Whyte has experience at Boeing, Goldman Sachs and the FDIC.
January 11 -
Faster payments would help the economy in general and individuals and small businesses in particular. It's time for banks to step up.
January 7 -
The U.S.-based networks are offering credit cards and other products through financial technology companies that otherwise could allow consumers in the region to bypass bank-issued cards.
January 4 -
The new business line is part of a broader expansion plan the Pennsylvania bank announced in 2021.
January 3
