Organization Root Tag

Diverse local economies and a demand for mobile are boosting digital commerce, says PPRO's Steve Villegas.

The decline in net interest income was among the reasons year-over-year profits at the U.S. operations fell for the first time since 2012.

The agency is investigating Discover Financial Services over student loan-servicing practices and its compliance with a 2015 consent order involving the business.

Wall Street banks make plans to keep workers in Tokyo safe; the employees are bringing their grievances against the bank to Capitol Hill.

The growth and monetization of Square’s Cash App boosted the company's quarterly earnings, along with the sale of its food delivery unit Caviar.

Though the agency plans to give more credit unions authority to issue subordinated debt, limited investor appetite and other factors could hamper activity.

Investors and deep-pocketed payments firms have funneled hundreds of billions of dollars into the payments industry, demanding results in areas as wide ranging as digital processing, consumer experience, risk management and compliance.

Members of the House Small Business Committee expressed concerns to SBA Administrator Jovita Carranza that the rule could harm poultry farmers.

As the COVID-19 virus spreads globally, many U.S. financial institutions are said to be taking steps to protect employees and minimize disruption. But only a handful are sharing specifics, to avoid contributing to any public panic.

The proposal is the fourth piece of legislation unveiled this week to tweak the Federal Credit Union Act.

After dragging its feet, the agency has agreed to a court-supervised process for writing a Dodd-Frank-mandated rule aimed at stamping out discrimination.

Under CEO Charlie Scharf, the bank that has historically viewed itself as more Main Street than Wall Street is becoming deeply embedded in the nation’s financial capital and its hard-charging culture.

National Credit Union Administration board member Todd Harper also emphasized the risks of poor succession planning during remarks on Wednesday.

Rep. Blaine Luetkemeyer, R-Mo., said Congress has "got to be pushing back" against the Current Expected Credit Losses standard, while Rep. Steve Stivers, R-Ohio, indicated that not all Republicans view the cannabis banking issue the same way.

The banking group issued lawmakers a guide on questions to ask as credit union executives visit Capitol Hill for two days.

At a credit union conference, Rep. Blaine Luetkemeyer, R-Mo., said Congress has "got to be pushing back" against the Current Expected Credit Losses standard, while Rep. Steve Stivers, R-Ohio, indicated that not all Republicans view the cannabis banking issue the same way.

The third credit union-related bill introduced this week would cut credit unions’ annual required board meetings to just six times per year.

Fintechs like LendingClub and Varo Money illustrate how the traditional financial system is changing. Banks that don’t rapidly evolve with technology will be obsolete.

The technology can quickly sift through and analyze contracts, nondisclosure agreements and other legal documents, says InCloudCounsel's Troy Pospisil.

The debate centers on whether guidance on credit union-bank mergers is necessary.