Podcast: When going through a core conversion pays off

The Federal Open Market Committee can take its time lowering rates given the strength of the U.S. economy, Federal Reserve Chairman Jerome Powell 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...

The Mission Driven Bank Fund announced the appointment of its inaugural Mission Advisory Committee, comprised of seven industry leaders with expertise and experience in minority depository institutions and community development financial institutions.

FinCEN issued an alert with recommendations for financial institutions on how to detect deepfake identity frauds created using generative AI, with the agency saying it has seen an uptick in suspicious activity related to the technology.

Joint CFPB, Justice Department exercise found that Black small-business owners "received less favorable treatment" in some aspects of bank financing, but the agencies warned against drawing broader conclusions.