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It’s well known that blockchain technology decentralizes decision making and fosters decision by consensus.

Wells Fargo’s reputation as a consumer-friendly bank suffered a significant blow Thursday after it agreed to pay $190 million to settle charges that thousands of employees created unauthorized bank and credit card accounts for customers in order to collect bonuses for themselves.

Alliance Data Systems in Plano, Texas, has reached an agreement to provide credit card programs for Williams-Sonoma, the high-end kitchenware retailer.

United Community Financial in Youngstown, Ohio, has agreed to buy Ohio Legacy Corp. in North Canton for $40.3 million, or $18 a share, in cash and stock.

Orrstown Financial Services in Shippensburg, Pa., has hired three former rivals from Metro Bank in Harrisburg: Adam Metz, Andrew Johnson and Doug Hummer.

Technology that improves compliance, lending and payments by automating processes and relying on AI was spotlighted at Next Money and Finovate, two fintech conferences held in New York this week.

In response to industry comments, the Federal Reserve said it would follow notice-and-comment procedures when exercising its countercyclical capital buffer authorities – a process whereby the biggest banks would hold an additional capital cushion to counteract overheated markets.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

CU trade groups have generally praised Jeb Hensarling's Financial Choice Act, though some analysts say it has little chance of becoming law.

Deb Gallagher will serve a five-year term on the North Dakota State Credit Union Board