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The move means the cap on asset growth may stay in place longer; the German bank reportedly processed 80% of the money laundered through Danske Bank.

The information you need to start your day, from PaymentsSource and around the Web. Today: Venmo partners with Hulu; VC funds go to e-payments in Mexico; Wirecard expands airline biz in Europe; Cryptocurrency fraud spikes in Japan.

The advent of this is particularly unwelcome, coming, as it does, at a time when many people not only question the role of a bank after the recent financial crisis and gradual digitization of banking services, but also when their relationship with technology has changed, writes Martijn Moerbeek, director of group digital strategy and innovation at Legal & General.

Readers sound off on the CFPB's name change, whether the Post Office should be allowed to engage in banking services and the FDIC's call to revamp the de novo process.

The banking subsidiary of the Bloomington, Ill., insurer must stop providing inaccurate information to the credit bureaus under a consent order.

Executives urged the consumer bureau at a public meeting to keep a closer eye on artificial intelligence innovations developed by fintech firms that are subject to less regulation.

Many banks remain wary of student loans given the government's dominance in the market, but some fintechs see untapped potential.

According to data from the NCUA, the industry had double-digit increases in several key metrics even as the number of institutions continued to decline.

An eight-month-old consent order appears to be forcing the San Francisco bank to grapple more deeply than it did previously with the many failures that led to its account-opening scandal.

Merchants has agreed to buy NattyMac, a company it has been in business with since 2014.