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To reverse the trend in payments fraud, regulators and the private sector must work together to expand how we define verification. It must be a dynamic, intelligence-driven process embedded at every point of the payment journey.

Three months after posting negative returns, Ally Financial's net income and earnings per share both surpassed Wall Street's expectations.

While the regional bank's second-quarter earnings per share fell slightly short of analysts' expectations, it managed to reduce expenses by 3.5% year over year. Keeping costs in check has been a major focal point for Truist for years.

The credit card company, which sells to high-income consumers, said its card refresh strategy is on schedule with CEO Steve Squeri citing "strong momentum."

A Wells Fargo customer was surprised to receive a "cryptic notice" and a cashier's check from the firm compensating him for float fees charged more than a decade ago. A lawsuit followed.

Private mortgage insurers must accept the FICO alternative as valid collateral before it can be widely adopted by the mortgage industry.

The Rhode Island-based bank plans to use artificial intelligence to boost efficiency and improve customer service. "Everything is fair game," said CEO Bruce Van Saun.

A new MITRE framework breaks down how cybercriminals attack cryptocurrency systems and helps institutions secure them. Plus, it's a free, open standard.

Fifth Third Bancorp in Cincinnati wants to become a bank for crypto platforms. Its CEO believes that stablecoins pose minimal threat to the U.S. deposit market.

The Minneapolis-based bank reported solid commercial growth during the second quarter, with the momentum carrying over into July.