Organization Root Tag

It's admirable that the National Credit Union Administration wants to make opening a de novo easier but organizers will still face challenges in raising the necessary funds to launch a new credit union.

JPMorgan tells OxyContin maker to take its business elsewhere; reelection tallies are smaller than last year’s.

Online lenders now have close to 40% of the unsecured personal loan market, much of which is refinanced credit card debt. Some financial institutions' card portfolios are taking a hit.

Readers weigh in on the role of the Financial Accounting Standards Board, consider personnel changes at the Consumer Financial Protection Bureau, debate the viability of public banks and more.

Charges against Stephen Calk indicate he lied to regulators about what he knew when he approved loans to Paul Manafort, as well as his interest in landing a job in the Trump administration.

Square is changing an earlier ban on cannabis payments and is conducting a pilot, raising the possibility that cannabis merchants may get greater access to banking and payment processing.

During its monthly meeting, the National Credit Union Administration board also approved a proposal to increase CU access to non-member deposits, a move bankers are already railing against.

Online lenders now have close to 40% of the unsecured personal loan market, much of which is refinanced credit card debt. Banks' card portfolios are taking a hit.

Cloud-based treasury software provider Kyriba is partnering with JPMorgan Chase to launch a real-time payments API integration for its mutual corporate finance clients.

At first blush, Netflix may seem to have a fairly simple payment process: Collect a card number once, and keep charging it every month until the customer cancels. But even this process can be demanding.

The two lenders are bucking the trend for the overall industry, which saw year-over-year mortgage growth slide to a 17-year low in March, according to the Bank of Canada.

A closer look at a new plan from the Department of Labor still finds room for improvement, but is generally seen as markedly better than Obama-era rule that was rejected at the last minute.

Targeting a 100% gpi ratio for Swift payments among banks will be crucial to enlarging the global reach of payments, writes Marc Recker, global head of institutional market management and cash management for Deutsche Bank.

All Democrats supported the bill focused on the decisions of former acting CFPB Director Mick Mulvaney, while all Republicans opposed it.

FHFA Director Mark Calabria should ensure the government-sponsored enterprises hold at least 4% of total assets as part of housing finance reform.

CUNA and NAFCU have filed amicus briefs supporting the world’s largest credit union in a suit they say could set a precedent for CUs across the country.

Christian Sewing ready to make "tough cutbacks" while UBS may need a new strategy; SEC says Robert C. Morgan misled banks with fake loan papers.

Congress is considering multiple bills that could ease suspicious activity reports and beneficial ownership requirements, though its unclear how much support each measure has.

If cryptocurrency is on its way to becoming a mainstream payment method in the U.K., it will be due to an increased appetite from major card networks for forming alliances with leading cryptocurrency providers.

The biggest deal in more than a decade has sparked debate about the pressure for more bank consolidation and whether consumers will be hurt.