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Wells Fargo, Bank of America, Citigroup and other banks have joined forces with fintechs and data aggregators to create the Financial Data Exchange, which aims to resolve the fight over sharing customer information.

The Connecticut company also reported modest loan growth and a greatly improved net interest margin.

The company will pay $42 million for Oak Park River Forest Bancshares.

In honor of International Credit Union Day, here's CU Journal's annual look at the everyday occurrences – both routine and meaningful – that bring "the credit union difference" to life.

Banks ask Congress for help with a rule that forces them to estimate loan losses; The network will allow banks to "exchange and verify trade information."

The information you need to start your day, from PaymentsSource and around the Web. Today: BBVA pushes open banking in the U.S.; Curve plans support for mobile wallets; Civil's first news IPO falls short; Apptizer adds new restaurant technology.

The $286.4 million deal is an important test for Upgrade, which has raised $142 million of equity over the past two years but has yet to turn a profit.

The Portland, Ore, company also benefited from lower expenses and an improved efficiency ratio.

The retiring chairman of the House Financial Services Committee defends his often uncompromising pursuit of rolling back post-crisis regulations.

The European data sharing regulation, PSD2, is often seen as a compliance burden for banks — but if used correctly, the rules provide a path to boosting digital payments revenue.