The Wells Fargo fake accounts scandal is shining such a bright spotlight that more pervasive problems with the industry’s sales practices are getting lost in the shadows.
House Republicans' concern with the Office of the Comptroller of the Currency's fintech charter signals growing lawmaker resistance to the plan, which was already opposed by two prominent Senate Democrats earlier this year.
Farmers National will pay about $7.8 million in cash and stock for the $43.3 million-asset Monitor in a deal that should close in the second or third quarter.
Raphael Bostic, an economist and a professor of public policy at the University of Southern California, has been named the 15th president of the Federal Reserve Bank of Atlanta, and will become the first African-American to head a regional Fed bank.
The technology from MCX's CurrentC wallet, which never formally launched, will get new life with Chase Pay, which debuted in 2016 with Starbucks, Best Buy and commitments from MCX members such as Walmart.
Many banks and money transmitters have built successful billion-dollar businesses around P-to-P payments without social sharing and letting users send emojis.
