Amex to pay $230M over misleading sales practices
American Express Co. will pay about $230 million to resolve a long-running investigation into some of the firm’s prior sales...
Plaid’s revenue, usage rates jump as CEO sees ‘fintech spring’
Revenue at Plaid Inc., which provides the pipes fintechs and banks use to talk to each other, jumped more than...
Wall Street job losses may top 200,000 as AI replaces roles
Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches...
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...
