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The 72% backing was the lowest approval rate for the resolution since 2015. An advisory firm criticized the bank's policy as too subjective.

Former Federal Reserve Gov. Daniel Tarullo warned that a Fed proposal to weaken the stress capital buffer, among other things, could hurt safety and soundness.

Seven European banks are testing Swift's Global Payments Innovation real-time cross-border payments through the continent's Target Instant Payment Settlement process.

The legislation faces a tougher path in the Senate where GOP leaders are reluctant to ease restrictions on what is still a banned narcotic.

Visa's tokenization began as a way to shield digital commerce and has developed into a major catalyst for Visa in landing partnerships.

Fears are growing that the rapid rise in fee-charging ATMs could have catastrophic consequences for the U.K.’s fragile SME market, with major supermarkets and card networks predicted to be the biggest beneficiaries.

Credit union executives reported seeing an uptick in car loans as the weather improved but some predicted lending would be down this year.

The private sector will be able to provide more efficient and innovative technologies for the industry.

More than 5,500 credit unions will receive a dividend this week, the second time in two years the agency has returned funds to the institutions it regulates.

BB&T’s chief executive has not prioritized meeting with local leaders and consumer advocates to discuss its merger plans, missing a valuable opportunity to create a new kind of large bank.

The company agreed to buy Charter Bank, which has four branches and $161 million in assets.

A look at some of the latest credit union hires, promotions, retirements and more.

Raisin GmbH has hired Wealthfront’s Paul Knodel to expand its internet platform for bank-savings products to the U.S. If all goes to plan, the operation will go live within 12 months.

Credit unions on the Corda blockchain platform will be able to make payments via EFT with CU Pay, a product the CUSO plans to roll out next year.

First Internet will gain lenders and servicing staff, along with offices in Chicago and Indianapolis, from the deal.

New president suggests less regulation and meets with bank leaders; state and city check for illegal lending activity.

The information you need to start your day, from PaymentsSource and around the Web. Today: WeChat Pay grows in Europe; Facebook sets up fintech in Switzerland; Russians dump cash; ABN Amro halts cryptowallet project.

Only 4% of consumers changed banks last year, according to J.D. Power. Behavioral psychologist Wei Ke explains why consumers are so reluctant to move their accounts and what other banks can do to convince them to switch.

Mainland-based credit unions with operations in the territory witnessed a surge in auto lending after Hurricane Maria ravaged the island but demand for these loans seems to be ticking down.

Improvements in digital receipts should be enough to spur greater adoption, argues Mike Golebiowski, president of IBT.