Retail & Commercial

Online lenders are evading New York regulations by claiming their loans are “made” by federally chartered or out-of-state partner banks, Department of Financial Services Superintendent Maria Vullo told lawmakers Monday.

The gray-bearded ATM would seem like a goner since mobile usage is surging and cash withdrawals are flatlining. But banks such as JPMorgan, B of A and PNC are pouring money into overhauling them in a bid, oddly enough, to attract a younger generation of customer.

Helping youngsters learn to save, giving back to local nonprofits and other ways the movement is demonstrating the credit union difference.

Union Bankshares is poised to become a nearly $12 billion-asset bank in a state that lost most of its midsize institutions in the 1990s and early 2000s.

Year to date through Mar. 31, 2017. Dollars in thousands

Users want more control over their data and more seamless integration with their financial tools. Banks and credit unions cannot wait for a regulation like PSD2 to move forward.

Year to date through Mar. 31, 2017. Dollars in thousands

A dozen years after it pioneered the technology, the company now says any bank or credit union using RDC is infringing on its innovation.

Santander Consumer USA, one of the biggest subprime auto finance companies, verified income on just 8 percent of borrowers whose loans it recently bundled into bonds, according to Moody's Investors Service.

The company agreed to buy Commerce Bancshares, which has three branches in Boston.