The Latest

Regulating P2P Lenders; Global Bank De-Risking

Sallie Krawcheck unveiled Ellevest, a digital investment platform for women and the latest of her female-oriented ventures, on Wednesday.

Merchants that now accept EMV-chip cards at the point of sale are not happy with the user experience, and First Data sees itself in a position to help.

Are integrated payment gateways becoming overcomplicated? Small and medium sized businesses (SMBs) think so, and they’re migrating to cloud based alternatives because of it.

Growth in consumer-facing businesses propelled the Index of Banking Activity to a solid 57.1 reading in April. However, a sharp loss of momentum on indicators that track commercial lending yielded one of the sharpest divergences to date between the commercial and consumer sides of the business.

Among the activities tracked by the IBA's individual components, only deposit pricing came in below 50 for the month. But most components saw their scores decline from March, and the components that track commercial loan applications and approvals, both of which were very strong in March, declined by significant margins and hovered at levels just above the break-even mark in April. (Scores above 50 are indicative of expansion within a business line, while those below 50 indicate contraction.)

On a regional level, survey respondents in the Northeast reported increased pressure on new consumer- and commercial-loan pricing. Bankers in the energy-sensitive West were the most likely to report weakness in commercial lending, both in terms of applications and approvals.

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Key factors point to marketplace lenders rebounding from their recent setbacks and continuing their growth.

IMM, a provider of eTransaction automation, announced that its eSignature capabilities are fully integrated with CU Direct's Lending 360 loan origination and account enrollment platform.

ORLANDO, Fla. — Insight Credit Union (ICU) announced a partnership Tuesday with the Orlando Predators Arena Football team as the, "presenting sponsor for all networking and business-to-business events during the 2016 season."

In the latest salvo in a long-running feud over the costs of processing payments, Wal-Mart sued Visa's U.S. unit on Tuesday, saying the company wants the retailer to use a less-secure method for verifying debit cards in order to route transactions through its own networks to boost profits.

Industry representatives swiftly rejected a call from the Treasury Department that new legislation is needed to protect small-business owners.