Industry Keyword: Banks

The US Consumer Financial Protection Bureau (CFPB) ordered LendUp Loans to pay a $100,000 penalty, stop issuing new loans and halt collecting on certain outstanding ones after repeated deceptive marketing and other fair-lending violations,...

US banking regulators have finalized a rule that directs banks to report any major cybersecurity incidents to the government within 36 hours of discovery. Separately, the banking industry said it had successfully completed a massive...

Commonwealth Bank of Australia will become the country's first to offer retail clients crypto services, Australia's largest bank has said, marking a change from the sector that had refused to do business with cryptocurrency...

Anyone can be a banker these days, you just need the right code. Global brands from Mercedes and Amazon to IKEA and Walmart are cutting out the traditional financial middleman and plugging in software from...

More than a decade on from the financial crisis, regulators are spooked once again that some companies at the heart of the financial system are too big to fail. But they're not banks. This time...

Oracle Financial Services Software, a unit of Oracle Corp, has teamed up with financial technology provider Everest to bring blockchain to banks worldwide to enhance their product offerings, Everest Chief Executive and co-founder Bob...

Several US banks have started deploying camera software that can analyse customer preferences, monitor workers and spot people sleeping near ATMs, even as they remain wary about possible backlash over increased surveillance. Previously unreported trials...

Canada's biggest lenders confirmed that they had joined a widespread boycott of Facebook Inc begun by US civil rights groups seeking to pressure the world's largest social media platform to take concrete steps to...

Sixteen banks from Germany, France and three other euro zone countries said a "truly European" payments system was expected to be up and running in 2022 to fully digitalise a region where half of...

Top technology services businesses are offering payment deferrals, discounts of up to 20% and other sweeteners to some US banks to keep their business as COVID-19 forces Wall Street to cut tech budgets, according...

Standard Chartered is the first major global bank to tell employees not to use Zoom during the coronavirus pandemic due to cybersecurity concerns, according to a memo seen by news agency Reuters. The message, sent...