Banking

The payments company has loaned $5.5 billion to 275,000 small businesses, thanks to a data-driven process free from human interaction.

Rep. Katie Porter, D-Calif., wants details about refunding "hundreds of millions of dollars" in fees improperly charged on checking accounts. Wells has acknowledged the potential problem but hasn't estimated how much it owes.

The move will allow MVB to devote more resources to Northern Virginia and its fintech business.

The Peach State is the latest to offer gamified savings programs as an incentive to draw in deposits and improve consumers' behavior.

The company will pay nearly $33 million for Tomah Bancshares to boost its operations in Wisconsin's Monroe County.

APIs need to be designed with features such as defenses, proper authentication, batching, and throttling in mind, says Shape Security's Jarrod Overson.

Hamp Johnston, a former market executive at JPMorgan Chase, would serve as RockPoint Bank's president and CEO. The bank would be based in Chattanooga.

Banks’ third-party technology providers may face increased scrutiny; Rep. Porter wants more data about "confusing" checking account fees.

PBoC forms new standards for blockchain; Apple Wallet expands for London transit; and other information you need to start your day, from PaymentsSource and around the web.

Once signed up, customers expect a smooth enrollment and onboarding experience, too, regardless of the channel, says Intelledox's Neal Keene.

Readers react to the FDIC's proposal allowing banks to hire ex-cons, regulators looking into climate-change risk at banks, whether rewards programs drive loyal customers and more.

The Clearing House argues that participants in payments transactions could share far more invoice information over its real-time network.

A new National Credit Union Administration proposal would raise the threshold for residential mortgages that require appraisals. However, the final rule is by no means a done deal.

Toronto-Dominion Bank would end up with a smaller stake in a larger brokerage if Schwab and TD Ameritrade combined. But it could parlay that stake into funds for a U.S. bank acquisition.

New American Customer Satisfaction Index data shows consumers slightly favored banks, which are benefiting from investments in technology.

Nearly one in four bankers said that the tech giants pose the biggest competitive threat in the long term. But are those fears warranted?

In an update of its rulemaking agenda, the bureau said it "expects to take final action in April 2020" on a proposal that would rescind strong underwriting requirements.

New data analytics could help provide more comfort to banks in doing business with the cannabis industry, despite restrictive federal laws.

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.

Fed governor again calls for using the countercyclical buffer at banks; bank borrowing from Fed on pace for lowest total ever.