Podcast: How Esquire Bank carved out a profitable niche serving law firms

The CFPB finalized a rule that will allow it to regulate large nonbank firms that provide digital payments services, but excluded services for digital assets.

Middle market businesses don’t get the attention of the Fortune 500 or the love that small businesses get from policymakers, but these firms are still critical to the economy — accounting for a third of private-sector GDP and...

A proposed bill to impose new network routing mandates on banks that issue credit cards would put payments security at risk with no evidence that retailers would pass their cost savings to consumers, representatives from Visa and Mastercard...

Any legislative initiatives to expand the power of the federal government to intervene in the U.S. credit card market would harm small businesses and consumers across the country, ABA and seven bank and credit union associations said.

Credit and debit card payments continued to grow in 2022, reaching 153.3 billion transactions and $9.76 trillion in value, according to Federal Reserve data, which also showed strong growth in mobile wallet payments.

With many provisions of the 2017 Tax Cuts and Jobs Act expiring at the end of next year and tax policy changes able to be passed on a simple-majority basis through budget reconciliation, bankers can expect to see...