Barr’s exit as Fed’s top bank cop puts capital rules in doubt
Federal Reserve Vice Chair for Supervision Michael Barr plans to step down from the role, bypassing a potential battle with...
Capital One, Discover deal approved by Delaware bank regulator
Capital One Financial Corp. said it received state regulatory approval to buy Discover Financial Services, overcoming one of several more...
CFPB sues Walmart, fintech for illegally opening accounts
Walmart Inc. and one of its financial technology partners allegedly opened expensive bank accounts for delivery drivers of the world’s...
Fintech startup Chime submits confidential filing for IPO
Chime Financial Inc., a financial technology company focused on no-fee banking services, has submitted a confidential filing with the US...
Walmart’s fintech races to $2.5B value in omen for banks
Walmart Inc. is pouring more firepower into its fledgling financial venture, scoring a $2.5 billion valuation for the startup and...
Trump taps Fiserv CEO Bisignano for social security chief
President-elect Donald Trump is nominating Frank Bisignano, the chief executive officer of fintech and payments company Fiserv Inc., to be...
Musk calls for abolishing consumer finance agency: ‘Delete CFPB’
Billionaire Elon Musk called for eliminating the Consumer Financial Protection Bureau, highlighting the renewed threat under President-elect Donald Trump to...
Apple Pay, other tech firms come under CFPB regulatory oversight
The top US consumer watchdog will supervise Apple Inc. and other major technology firms that offer digital wallets and payment...
Fintech EarnIn sued by DC attorney general over 300% rates
Financial-technology firm Activehours Inc., which does business as EarnIn, lures customers in with false promises of an early payday with...
PNC now plans to spend $1.5B as branch expansion doubled
PNC Financial Services Group Inc. said it will spend $500 million more than originally planned to double its branch expansion...
