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Wells Fargo creates unit to satisfy regulatory demands; U.S. Bank employee fired after blowing whistle on sales scheme, lawsuit says; what BBVA's new U.S. CEO has on tap; and more from this week’s most-read stories.

The deals lets a North Carolina group skip the de novo process. West Town, which sold the bank, will use the funds to support a fast-growing business line.

Housing advocates and Democratic lawmakers want to create more protections for tenants of rent-controlled apartments, but they are facing stiff opposition from property owners and the banks that lend to them.

Silicon Valley, better known for hot tech startups and venture capital firms, is also home to the highest-paying public bank in the U.S.

Despite the technology advancements of the past decade, many consumers still provide spoken card details over the phone to company call centers. The practice has triggered security concerns throughout the payments industry.

Germans' devotion to cash is waning, as payments cards edged out cash for total transaction value in German retail sales in 2018.

Sens. Mike Crapo and Sherrod Brown are asking Facebook about its consumer financial data collection practices as they consider data privacy legislation.

Amazon is undeniably a juggernaut in the realm of e-commerce and digital payments — but its journey was filled with missteps and failed experiments.

Solving open banking's challenges requires a whole new approach to international payments beyond basic open development, says Marten Nelson, co-founder of Token.io.

From developing a bond with the board to refining communication skills, there are plenty of lessons for credit union leaders to take to heart.

The chairwoman of the House Financial Services Committee said the panel will be holding its own public hearings on the proposed merger.

Banks must remain accountable for their use of artificial intelligence by continuing to employ a level of human oversight.

This round of credit unions giving back includes one institution providing scholarships to seniors and another that cleaned up the side of a road.

The bank may end its venture with First Data to work on its own; State Street and BNY Mellon's fee revenue from investor clients and stock prices are down.

The information you need to start your day, from PaymentsSource and around the Web. Today: Swift seeks IT experts; Tencent and Ant get bank licenses in Hong Kong; Google updates security and payment acceptance; Dapps face more regulations.

The industry has long complained that gathering the data is confusing and costly but two plans issued by the CFPB could help lighten the burden for a significant portion of credit unions.

Despite seismic shifts in the payments landscape over the last 45 years, how we handle chargebacks remains more or less the same, writes Monica Eaton-Cardone, COO of Chargebacks911 and CIO of its parent company Global Risk Technologies.

A dynamic digital identity that can work across functions and channels has to start somewhere. To get into digital ID at the ground floor, more companies are pushing to address identity risk when onboarding new accounts.

Readers weigh in on Wells Fargo's latest efforts to mollify regulators, debate the value of a "mini CFPB" in California, consider proposed changes to the Community Reinvestment Act and more.

The industry welcomed a proposed overhaul of how the government identifies False Claims Act violations, but some say it remains to be seen if the changes are enough to satisfy companies that had bolted.