Banking

Apple unveils buy now, pay later option

Apple Pay Later will allow iPhone users to pay for purchases through an interest-free payment plan and track their upcoming payments through the Apple Wallet app.

Wells Fargo told to fix its risk-management practices

Wells Fargo & Co. must fix its governance and risk-management issues, the chairman of the U.S. Senate Banking Committee said, highlighting what he called a "laundry list" of consumer abuses and compliance breakdowns.