Capital One outage spans days, hits thousands

Third-party vendor FIS blamed a local power loss and hardware failure for the issue, which Bank of Oklahoma said affected more than two dozen financial institutions.

Wells Fargo, Merrill Lynch, LPL settle SEC charges

Two Wells Fargo-affiliated investment advisers and Merrill Lynch agreed to pay $60 million, while LPL Financial agreed to pay $18 million.

How 100+ banks are fighting fraud

CFPB to consider broader ban on declined payment fees

The agency withdrew a rule proposal barring bank fees on certain declined transactions. Its plan for a “more comprehensive approach” faces an uncertain future in the Trump administration.

TD slashes pay for 41 execs, expedites Chun’s start date

Compensation cuts reflect “the seriousness of the U.S. [anti-money laundering] failures, the associated costs to the Bank, and the limitations imposed on the U.S. retail business,” the bank said Friday.

Employer.com expands into bookkeeping services with Bench acquisition

The workforce management firm acquired the Vancouver-based bookkeeping fintech after Bench announced it was shutting down. Bench applied for bankruptcy on Jan. 9 in a Canadian court.