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Reports of fraud committed against financial companies are on pace to, for the first time, fall this year compared with 2023. Consumer reports of fraud are also down.

The Dallas company, which has been in transformation mode for three years, recently took a series of actions to try to meet the profitability targets it set for itself.

Morgan Stanley will have to pay $2 million for failing to flag trading in First Republic Bank by its former CEO. The transactions happened in the lead-up to the regional bank's collapse.

A company spokesperson said the company reviews fraud-related issues and refers them to law enforcement "as appropriate."

The payment company is enabling consumers to stack multiple cash-back offers as a way to lure consumers to its alternative digital wallet.

It's the latest proposal for a type of national infrastructure financing structure in lieu of the municipal bond market.

Federal Reserve Gov. Christopher Waller said the central bank should lower its target interest rate now and execute a series of cuts in months ahead.

Learn how to apply for American Banker's Most Influential Women in Payments award, which celebrates the senior executives guiding the future of the global payments industry.

American Banker's Most Powerful Women in Credit Unions celebrates the senior executives guiding the future of the credit union industry, while also examining issues of mentorship and inclusion.

The Minneapolis-based banking giant is enjoying its biggest year ever for 7(a) lending, with volume up 40%, as borrowers "are still coming to us," its SBA chief said.