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Rodney Hood, chairman of the National Credit Union Administration board, will testify later this week before a Senate committee with CECL as a likely topic.

The legislation from Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez is part of an effort to shift the range of what is thinkable in Washington to the left. It may also serve to highlight the vulnerabilities of Democrats with bank-friendly records.

On Dec. 31, 2018. Dollars in thousands.

Apple's App Store was a game changer for mobile payments. But Apple's ecosystem was also very much a digital Wild West, with app developers and Apple itself sometimes running afoul of regulators and legal authorities.

The Federal Housing Finance Agency has named three senior advisers for policy, economics and communications.

The short-term disruption is worth the benefits of improved security and user experience, writes IIya Dubinsky, head of the CTO office at Credorax.

Financial institutions have often criticized the agency’s publication of consumer complaints. But the information provided can offer executives important insights into looming problems that might not yet have come to light.

The Michigan company said the loan — made to a borrower that plans to shut down its reverse mortgage business — has collateral.

The credit union regulator’s proposal to raise the threshold for home-sale appraisals to $1 million could introduce more risk into the financial system, particularly if bank regulators follow suit.

Purchase of United Capital Financial would extend the bank’s reach; the bank is raking in online deposits even as it pares back its branch network.

The White House is considering conservative economist Judy Shelton to fill one of the two vacancies on the Federal Reserve Board of Governors.

The London bank, founded by American entrepreneur Vernon Hill, has lost three-fourths of its market value since British regulators found that some of Metro’s mortgages were given the wrong risk weighting.

The information you need to start your day, from PaymentsSource and around the Web. Today Alipay, Adyen, Klarna collaborate; West Ham United adopts cashless pay; Digital advances in Germany, eBay tests a new concept store.

New legislation in Iowa that allows banks and credit unions to utilize electronic notaries could help local lenders compete with online competitors.

Traditional authentication practices are incapable of meeting the real-time demands, writes Frank Teruel, senior vice president and general manager of ThreatMetrix.

As fintechs race to reinvent transit payments, Uber's laying the groundwork in Denver to make sure it takes a leading position.

The Consumer Financial Protection Bureau received over a quarter-million complaints in 2018, according to analysis by an advocacy group that urged the agency to maintain public access to its database.

State officials are looking into a sexual harassment complaint filed against Ronald Rubin, Florida's recently appointed top banking regulator.

Most financial institutions can’t compete on pay, but there are other advantages they can offer, including agile development.

To help pull off the biggest media deal of the year, JPMorgan Chase embraced a Wall Street practice that fell out of favor after the financial crisis.