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Receiving Wide Coverage ...Too friendly?: Jay Clayton, President-elect Donald Trump's pick to run the Securities and Exchange Commission, "is expected to end the streak of aggressive regulators and litigators overseeing the country's top markets," the Wall Street Journal reports, describing Clayton in the headline as "a 180" from the outgoing chair Mary Jo White. The nomination of Clayton, a partner at Sullivan & Cromwell who has represented the likes of Goldman Sachs and Barclays, "signals Republicans prefer an SEC chairman who is attuned to the needs of Wall Street firms," the Journal added. That contrasts with the record of White, "a former prosecutor who presided over the SEC in a period when the agency collected record amounts of penalties and disgorged profits from wrongdoers." Wall Street Journal, Financial Times, New York Times, Washington Post, American Banker

Traditional checking hasn't faded nearly as fast as original predictions at the dawn of online banking. Checks will remain a major part of payments, though there are some signs of an eventual decline.

India’s latest efforts to shift to digital payments and reduce the nation’s tight grip on cash are in the spotlight, following the government’s recent cash recall and the Reserve Bank of India (RBI) giving its blessing to about a dozen digital payments startups. The newest, BHIM, is controlled by India’s government and is off to a fast start after its first week.

Banks are grappling with new challenges in trying to work with voice assistants like Alexa in Amazon's Echo to allow customers to check balances and perform other tasks. But with voice banking on the horizon, banks cannot afford to stall their efforts.

Bank stocks have been on a tear since the November elections, but a corresponding surge in profits could still be a few quarters away.

Retailers are fighting back against financial industry efforts to repeal a cap on debit interchange fees.

The credit union has rewarded nearly $3 million in patronage dividends to members since 2005.

WASHINGTON – Retailers are fighting back against financial industry efforts to repeal a cap on debit interchange fees.

The $605 million-asset company disclosed in a regulatory filing that Stephen Marsh, its CEO since 2008, retired on Dec. 31.

The Juntos Avanzamos Hispanic outreach program continues its expansion across the United States, adding two credit unions in Colorado in the fourth quarter of 2016.