Penny Crosman

Citigroup, which employed 240,000 people at the end of last year, reduced its headcount by 7,000 between January and September. Nathan Howard/Bloomberg

The auto finance division of Toyota Motor Co. agreed both to pay a $12 million fine and to provide $48 million in redress to affected customers.

Penny Lee, president and CEO of the Financial Technology Association and Steve Boms, executive director of FDATA NA, explain what their members like about the proposed regulation and what they would change.

The Office of the Comptroller of the Currency announced in March that it had set up a new division to oversee fintechs and banking as a service, which it called the Office of Financial Technology.

Over the past 13 months, there has been a handful of banks selling their insurance units. These sellers have touted the significant premiums they have been paid as one motivator for the transactions.

BankThink The Consumer Financial Protection Bureau's plan to subject credit header data to the FCRA would cut off law enforcement access to

True Digital has hired a new CEO, and his first order of business is to open the company's network — a platform on which more than 300 banks have

Cybercrime-as-a-service tools are using generative artificial intelligence in new ways to crack payment card security, according to a new report from Arkose Labs.

FinTech Forward includes in-depth analysis and annual rankings of the top technology providers to financial services companies worldwide.

A Bloomberg spokesperson said the discontinuation of BSBY, which lagged in the race to succeed the defunct Libor rate, was the result of the "limited" commercial opportunities.