Banking

On Jun. 30, 2019. Dollars in thousands.

On Jun. 30, 2019. Dollars in thousands.

It’s only a matter of time before Silicon Valley “overturns more complex banking functions”; banks would have to help FinCEN identify suspicious firearms sales.

Apple Pay supports new dApp payments; Digital ID advances in Singapore; and other information you need to start your day, from PaymentsSource and around the web.

By working with the tech giant on its consumer checking account, Stanford FCU hopes to grow but some wonder about the broader implications for fields of membership.

Up against the rising success of social payments providers like Venmo and Square Cash, banks are deploying more options to keep themselves at the focus of digital payments.

Consumer trust issues have long been a stumbling block for challenger banks, but many say Google will face bigger obstacles.

Earnings hit could be avoided if BB&T and SunTrust complete deal by 2020; Fannie and Freddie will likely exit conservatorship by 2024, Calabria says; tired of paying 'ransom' to core vendors, two small banks fund new one; and more from this week's most-read stories.

The company says it's responding to the feedback of consumers who want online options beyond savings products.

Over the last decade, American voters have proved remarkably receptive to bans on high-cost consumer loans. Next year, a proposed ballot measure in a traditionally red state trending purple will offer a test case for the durability of that consensus.

More banks in the state are considering acquisitions to cut costs and combat margin pressure.

The Soboba Band of Luiseño Indians plans to form a holding company and raise $25 million for Legacy Bank.

If regional banks really want to compete against behemoths and nonbank entrants they need to emphasize products over M&A.

The FDIC and the Fed have yet to sign on to the plan; this year’s managing director class includes fewer overall, but a higher percentage are women.

Pakistan, Thailand build national pay systems; EZ-Link seeks Singapore bank license; and other information you need to start your day, from PaymentsSource and around the web.

The junior member of the National Credit Union Administration board has proposed additional oversight for larger credit unions, citing a “guiding principle” of “uniformity between the regulators.” That could pit him against much of the rest of the industry.

Bankers had worried about Rep. Maxine Waters' control of the Financial Services Committee, but many now say the Democrat’s working relationship with the panel’s top Republican is refreshing.

Readers react to the FDIC's fine against a bank over a 5-year-old consent order, Regions Financial's about-face on acquisitions, HUD's promotion of a controversial CFPB official and more.

Bank of the West intends to stop making indirect auto loans and will instead focus on financing purchases of boats and recreational vehicles. It’s just the latest example of a regional bank pouring more resources into the powersports sector.

A recent bank failure and a new legislative effort are again drawing attention to the struggles of black-owned banks since the crisis — and the fact that only 21 are left.