Fintech

The regulator on Thursday announced a delay in the implementation of its prepaid rule, along with safe harbor for HMDA data reporting.

Bank allegedly “seriously breached” anti-money laundering rules; mortgage agencies will be permitted to retain $3 billion capital buffer.

Readers sound off on Mick Mulvaney’s plan to hire political appointees at the Consumer Financial Protection Bureau, question what’s behind the failure of Washington Federal Bank for Savings in Chicago, react to an argument that Equifax must endure, and more.

Moments after the Consumer Financial Protection Bureau said it would reopen its mortgage disclosure rule, the bureau announced that the effective date for the prepaid rule would similarly be scrapped.

Banks are looking for ways to capture and retain deposits as interest rates rise, including promotional offers and focusing on relationship banking.

The acquisition will give LCNB its first branch and deposits in the Columbus, Ohio, market.

Small Michigan CU will merge into BlueOx Credit Union of Battle Creek.

The Connecticut-based credit union gave $100 cash bonuses to all 5.326 members who participate in its Gold Rewards program

Heritage Commerce will pay $32 million for Tri-Valley in a deal that should be accretive to tangible book value and earnings.

Consumers’ behavior around paying bills is often fluid and millennials put a high priority on paying bills immediately, which sometimes means with cash.