Banking

Toys "R" Us debuts concept store in New Jersey; a Visa exec heads to Google; and other information you need to start your day, from PaymentsSource and around the web.

Navy Federal Credit Union is Exhibit A in banks' case to tax the credit union industry. But it wasn’t always seen as the powerhouse it is today. Meet Adm. Cutler Dawson, the man who changed that.

In search of new sources of revenue now that it has slashed fees on stock trades, the brokerage giant could use the influx of deposits it will get from acquiring its rival to grow its loan portfolio and add new banking services.

Christopher Maher, who has announced seven bank deals since 2015, says a stable rate outlook will help buyers and sellers crunch merger numbers.

A 15-hour shutdown of online banking, mobile banking, ATMs and wire transfers was caused by a single data storage unit. BB&T's lawsuit blames the vendor, but the bank may have left itself too exposed to equipment failure.

The online lender, which has received state approval to establish a virtual currency business, can now offer a full range of investment services — including trading in digital assets — in New York.

The decline in revenue from capital markets undercut gains in consumer banking and pushed fiscal fourth-quarter earnings below analysts’ expectations.

Instead of imposing interest rate caps, policymakers should require online lenders to provide clear disclosures and promote partnerships with banks.

Banks will not have to file reports on customers just because they're in the hemp business; making it easier for people with no credit history to get loans.

ABN Amro cuts ATMs; Clearing House faster pay picks up credit unions; and other information you need to start your day, from PaymentsSource and around the web.

Navy Federal Credit Union is Exhibit A in banks' case to tax the credit union industry. But it wasn’t always seen as the powerhouse it is today. Meet Adm. Cutler Dawson, the man who changed that.

Alternative data "may improve the speed and accuracy of credit decisions and may help firms evaluate the creditworthiness of consumers," the agencies said.

Apollo Bank's agreement to be sold to a credit union has bankers worried there will be larger such sales in 2020.

Apollo Bank's agreement to be sold to a credit union has bankers worried there will be larger such sales in 2020.

BB&T has said the outage, which blocked customers' account access for hours, cost it about $20 million.

Craig Howie, who joined the bank after a merger, will succeed the retiring Jon Evans on Jan. 1.

BB&T has said the outage, which blocked customers' account access for hours, cost it about $20 million.

Negative benchmark interest rates are becoming commonplace in Europe and Japan. Here’s what US credit unions need to know in case that happens here.

The CFPB has promised an equal-access rule for small-business lending for nearly a decade. But Apple’s recent discrimination inquiry into its credit card could force the agency’s hand.