THE TOTAL RESOURCES of the Philippine financial system rose by 7.9% as of January, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.

Lawmakers in Congress have taken the first step toward passing stablecoin legislation, but passage of the bill into law is ...

On March 10, the FDIC, the Fed and the OCC published the 2024 Shared National Credit Program (SNC) report which highlighted that the overall ...

The Bangko Sentral ng Pilipinas (BSP) is preparing new regulations that aim to mitigate risks associated with the use of ...

The Coalition for Financial Ecosystem Standards, a fintech group co-founded by Sima Gandhi, is publishing guidelines for how ...

"If you're the big banks, you certainly don't want a world in which the nonbanks have much greater degrees of freedom and ...

A pair of Congressional Review Act resolutions directed at the Consumer Financial Protection Bureau's overdraft and larger ...

Karoline Leavitt said that domestic auto manufacturers would be temporarily exempt from the 25 percent tariffs Trump imposed on Canadian and Mexican imports.

The service providers covered by the notification include banks and nonbanks (e.g., credit card companies, asset management companies, licensed personal loan providers, and nano finance operators) ...

Banks are also pursuing uses such as drafting scripts for marketing purposes, or finding red flags in mortgage applications. But fintechs and nonbanks face fewer regulatory constraints than lenders, ...

Rural and cooperative banks’ resources climbed by 18% to P527.1 billion as of end-2024 from P446.5 billion in the prior year. Meanwhile, latest available data showed that nonbanks’ resources stood at ...

Over the past five years, more than 3.79 million people were victims of cybercrime and fraud, according to the FBI Internet Crime Complaint Center (IC3), with potential losses estimated around $12 ...