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Like a lot of alternative payment startups, the light bulb for Marci Lobel-Esrig came from a personal experience that demonstrated how clunky and risky paper-based transactions can be.

The spike in the Libor rate is a boon for banks that have lots of floating-rate loans tied to the well-known benchmark. Shifts in money market funds are the driver, with the big question being how long the run will last.

Banks have found a novel way to fend off fintech’s plans to take them down: they are funding it. A new report shows corporate venture capital investors, such as those backed by banks, made up nearly a third of funding in the second quarter.

Briarwood, N.Y.-based Melrose Credit Union and other NYC-area medallion lending CUs are dealing with the effects of a disrupted taxi industry.

LoanDepot, a Foothill Ranch, Calif.-based company that offers mortgages, home equity loans and personal loans, has raised $150 million in term debt financing.

The $185 million-asset bank said in a press release Tuesday that it is offering 800,000 shares of its common stock at a price of $7.50 each.

Phillips 66 is the third major merchant to come aboard for JPMorgan Chase & Co.’s upcoming launch of Chase Pay—alongside Starbucks and Shell Oil—and the byproduct of this deal is an overhaul of the gasoline and convenience retailer’s existing, relatively bland apps.

The president of the technology giant’s credit union division is stepping down to get back into the fintech research arena he left some 11 years ago but will stick around for another seven months to help his successor, Vinnie Brennan, make a smooth transition.

The national credit union trade associations have joined with unlikely partners as co-signers on a letter that calls out the U.S. Department of Housing and Urban Development (HUD) over lending issues.

Five different products designed to meet the needs of underbanked minority households, including microfinance, payday loan payoffs, loans for non-U.S. citizens and more.