Banks Receive New Weapons in Mobile-Wallet Wars

September 11, 2012 11:13 AM

Banks and credit unions are about to receive their own mobile-wallet card reader that is expected to offer a formidable challenge to the likes of Square, PayPal and Intuit.

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Consumer lending

Congress mulls further coronavirus relief for consumers

If Capitol Hill plans another round of stimulus, Democrats could have more leverage to demand steps such as suspending overdraft fees or placing a temporary cap on consumer lending rates.

By Neil Haggerty

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Law and regulation

Fed's conundrum: Whether to remove Wells Fargo's asset cap

Amid the coronavirus emergency, the central bank may have to decide at what point the imperatives of an economic crisis outweigh the requirements of its most severe enforcement action in recent memory.

By Kevin Wack

April 1
CFPB

CFPB clarifies credit reporting procedures in light of coronavirus

The agency said lenders should avoid reporting delinquent payments to credit bureaus for consumers who have sought payment relief due to the pandemic.

By Kate Berry

April 1