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Credit unions urged to review expense and reimbursement policies, and board oversight of top executives.
August 9 -
Huntington Bancshares is acquiring Hutchinson Shockey as both look to broaden their public finance reach.
August 9 -
The bank's $7 million over four years toward the initiative is its largest overseas philanthropic commitment.
August 9 -
The Treasury Department and the Internal Revenue Service issued a proposal that would allow pass-through businesses like Subchapter S banks to deduct 20% of their business income as part of the new tax law President Trump signed last year.
August 9 -
Sen. Brian Schatz, D-Hawaii, said it is hard to imagine how Wells Fargo's $8 million remediation plan would correct a mistake that led to 400 wrongful foreclosures.
August 9 -
While the looming loan-loss accounting standard has been criticized for its complexity and the potential cost to implement, some advocates believe it could also lead to better pricing decisions and improve communication within a bank.
August 9 -
The logistics company said it intends to use the funds to invest in supply chain technology and serve merchants on its platform, which connects scooter-riding drivers in about 400 cities with about 1.2 million online merchants and delivers everything from packages to groceries.
August 9 -
A mortgage fraud scheme involving fake employment records, initially thought to be contained to Southern California, is occurring statewide, Fannie Mae said in a new fraud alert.
August 9 -
A week after the Treasury Department laid out a plan for federal fintech regulation, it is already unclear which agency is leading the charge.
August 9 -
Facebook is seeking customer data from big banks. Executives say it's not clear what the benefit would be, but the drawbacks are easy to tally.
August 9
American Banker and Financial Planning -
The tiny Illinois-based credit union was supported by CUNA and the Illinois CU League, who partnered to file a joint amicus brief.
August 9 -
U.S. authorities are forced to take action on some shady dealings up north; the Systemic Risk Council says weaker capital rules could deflate bank equity.
August 9 -
The online lender’s president, Steve Allocca, shares how the company weathered scandal and hints at future plans to grow its product set.
August 9 -
After a slow start, order-ahead payment services will begin to achieve more widespread adoption in U.K. corporate catering, encouraging the transition to the high street in the near future.
August 9 -
Voice assistants impress at tech demos, but new research shows bank customers aren't ready to ask a speaker about their accounts just yet.
August 8 -
Financial companies have less than a month to address a third round of cybersecurity requirements, the agency warned.
August 8 -
They are disinclined to talk about it much yet, but the big three trust banks as well as JPMorgan and Goldman are said to be mulling custody services that would help shield wealthy bitcoin investors from theft. Here are the selling points and the risks.
August 8 -
Visa has continued to establish a more complete B2B offering, working through its Visa B2B Connect blockchain payments service to help companies establish application interfaces and platforms to handle business transactions more efficiently.
August 8 -
In recent weeks, several banks and fintechs have added new branches or new units, and in the process brought aboard new leadership. Here's a roundup of key hires.
August 8 -
The House Financial Services Committee has scheduled an FHFA oversight hearing for September in the wake of waste, fraud and abuse allegations.
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