Browsing: banking

The U.S. is well behind other countries in implementing open banking and delivering its benefits to customers. Brazil’s success in that area can serve as a…

Sens. Mark Warner, D-Va., left, and Elizabeth Warren, D-Mass. Bloomberg News  WASHINGTON — Sen. Mark Warner, D-Va., a moderate on banking issues, will stay the top…

Sen. Tim Scott, R-S.C.Bloomberg News  WASHINGTON — A quiet few years for bankers on the legislative front could be over under a second term of President-elect…

The Consumer Financial Protection Bureau’s now-final rule implementing the open banking requirements of Section 1033 of the Dodd-Frank Act is a Catch-22 for community banks. By…

Enjoy complimentary access to top ideas and insights — selected by our editors. It’s been an eventful year in the banking industry so far, ranging from…

Rep. Katie Porter, D-Calif.Bloomberg News Rep. Katie Porter, D-Calif., who’s been a thorn in the side of banks since she took office in 2019, is not…

On Thursday, two federal agencies announced a penalty against VyStar Credit Union over what the agencies called a “botched rollout of a new online banking system”…

Global Payments’ migration away from non-core products is accelerating as the payment company looks to supercharge a restructuring that initially fell flat with investors. The company…

Banks Are Finally Going to Have to Compete for Your Money It’s about to get harder for banks to hold onto unsatisfied customers, and their money.…

On Tuesday, the Consumer Financial Protection Bureau finalized a long-awaited rule that promises to enable consumers to better control their financial data, marking a major step…