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The firm’s financial woes are mostly a result of overspending, but they have raised questions about how banks’ commercial real estate portfolios might fare if the coworking sector implodes.

Credit unions now have until Nov. 30 to apply for Community Development Financial Institution certification.

Sunil Chandra's job will be to guide the fintech's international expansion. It says 12 banks are using its small-business lending platform, including three in the United States.

As fintechs like Stripe and Square close in on NCR's traditional businesses, the technology company is adding scale in southeastern markets through a purchase of Midwest POS Solutions.

Susan French, head of product at BBVA Open Platform, discussed the bank's vetting of fintech partners and how it deals with the competitive threat that their products present.

The National Credit Union Administration should help soften the effects of the new standard on regulatory capital through rulemaking.

Regulators should consider online lending and a list of what loans qualify for CRA credit in any revamp of the outdated law.

The decision is a blow to Facebook's digital currency plans; the reduction is the bank’s “most ambitious attempt to rein in costs in years."

Europe would feel the brunt of the reductions, which would affect about 4% of the bank's global workforce.

Facebook's Libra cryptocurrency project has lost its first major ally. PayPal — where the head of Facebook's Libra project once served as president — has cut its ties. As a founding member, PayPal was expected to drive the payment-specific part of the cryptocurrency initiative.

The agency chairman's comments mark an unusual turn for an industry famous for its bipartisanship.

Allowing the mortgage giants to retain profits resolves a short-term capital shortfall, but how much capital they would need after exiting conservatorship is still the bigger question.

Eight credit union professionals will make up the Consumer Financial Protection Bureau's CU advisory board.

PayPal’s cross-border remittance unit Xoom is hoping to build a faster payments market in South Korea by enabling direct delivery into bank accounts, a channel that tends to be more expensive than other options.

The ‘Unsinkable Cathy Bessant’; Thasunda Duckett’s rising star takes center stage; the challenges facing Wells Fargo chief Charles Scharf; Fannie, Freddie to retain $45B in capital; and more from this week’s most-read stories.

German payments processor and technology provider Wirecard is launching new money transfer capabilities for users of the Viber instant messaging application.

As Banking Committee Chairman Mike Crapo works on legislation enabling banks to serve cannabis businesses, one area of focus is combating risks tied to “legacy cash” that has accumulated in the marijuana industry.

While 79% of mortgages nationwide were for primary residences, 92% of credit union mortgage loans fall into that category.

FDIC Chairman Jelena McWilliams reaches out to tech pros to bring fresh ideas to the agency.

The company was the only no-show at the gathering of Facebook’s payments partners; HSBC was fined $650,000 for violating swaps risk management rules.