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The Los Angeles company said it is also looking into internal controls tied to construction lending.

The information you need to start your day, from PaymentsSource and around the Web. Today: NatWest tries voice assistant; MoneyGram's web relaunch; New Zealand allows crypto salary; Deliveroo quits Germany; Mexico suffers a card outage.

CIT Group will gain nearly $7 billion in low-cost deposits, mostly tied to homeowners associations, as part of the acquisition.

E-commerce's dramatic expansion gives any merchant the opportunity to sell in any market. That leaves payment providers scrambling for an angle in a crowded market.

The difficulty of detecting synthetic fraud has caused it to quickly develop into the primary method of attack for criminals, says Monica Eaton-Cardone, COO of Chargebacks 911 and CIO of its parent company Global Risk Technologies.

Tussles over risk-based capital have preoccupied the agency of late, but Rodney Hood says he also wants to foster growth of minority-owned institutions and make sure credit unions are taking the hacker threat seriously.

With the agency mulling changes to the “Qualified Mortgage” regulation, mortgage lenders say little-known standards for how they document a borrower’s income would be a good place to start.

Four advocacy groups questioned why the consumer bureau did not ask a judge to lift a stay of the rule's payment provisions.

Credit unions gave out scholarships and helped with financial literacy while dozens of students graduated from Western CUNA Management School.

The San Antonio company named Judith Frey vice president of digital banking, Maria Alvarez Mann chief information officer for bank technology and Carri Arnold bank technology officer.

As the competition mounts to increase adoption rates for person-to-person payment apps, PayPal's Venmo is adding a way for users to quickly move money from the app to their bank account.

Andigo CU said it would merge into Consumers CU, creating the fifth-largest credit union in Illinois.

The companies said the merger will provide scale and help them update technology more efficiently.

Margin expansion may grind to a halt if the Fed holds rates steady or cuts them further. The problem is regionals tend to lack the side businesses that the big banks possess to offset lending slumps. Check out our annual ranking of banks with $10 billion to $50 billion of assets.

Former Mastercard and longtime bank executive Colleen Taylor has joined Wells Fargo, where she will oversee the bank's merchant services strategy.

The London-based retail foreign exchange firm ChangeGroup has acquired the retail branch arm of the Swedish finance group SVEA Ekonomi to serve consumers who continue to demand cash payments.

The Los Alamos, N.M.-based institution said that Dwayne Herrera would take over as CEO after its previous leader took another job.

Mexico is considering a ban on the use of cash for purchasing gasoline and to pay for tolls as a way to fight tax evasion and money laundering, according to people with direct knowledge of the discussions.

The St. Joseph, Mich.-based institution faced claims that it didn't properly opt members in to its overdraft program.

Ambiguity about which laws apply to blockchain technology has prevented certain companies from doing business in the United States.