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Bill Donnelly was named the first-ever finance chief at San Francisco-based LendUp.

No matter what the new tool is, you can almost bet it will come with its share of disruption to the very people who invented it, writes Kim Curley, director of people and organizational change for NTT Data Services FSI Business Consulting.

The financial services industry has largely warmly greeted the GOP’s proposed overhaul of tax policy, yet some provisions have triggered concern and uncertainty. Here is a rundown of the key provisions and how they may impact the industry.

Amid the rise of online lending earlier this decade, banks were derided as being too slow to adapt. But over time it's become clear that banks hold key advantages over lending startups.

Capital Corps, led by Steven Sugarman, aims to provide financing to homeowners and small businesses that it believes are overlooked by banks. The firm features several former Banc of California executives.

Bankers are generally happy with the House Republican tax plan released last week, but one provision of the proposed overhaul is likely to give them pause: a cutback in the deduction for deposit insurance premiums.

Richard Berner, who has headed the Office of Financial Research since its inception, said Monday he will resign by yearend to spend time with family.

Facebook Inc. is enabling people outside the U.S. to send money to each other via its Messenger texting app for the first time.

The company, which recently bought Sabadell United in Miami, is pledging to make billions of dollars in mortgages and small business loans in low- and moderate-income communities.

Guidance from the CFPB and reduced friction between banks, fintechs and data aggregators are easing bank-fintech partnerships at Wells Fargo, Capital One and others.