Banking

The central bank originally predicted FedNow's launch within five years, but the Fed chairman told House lawmakers that he expects it will happen sooner.

First Bank of Berne has agreed to acquire Adams County Credit Union, turning the tables in a year in which 14 credit unions have announced deals to buy banks.

It’s the company’s responsibility to come forward with the information about how an algorithm that could be discriminating against women borrowers was designed and the exact impact of it, she said.

Consumer demand for digital financial services will inspire a wave of new partnerships.

The tech giant’s plan to offer checking raises concerns about how it will use customer data; third quarter loan originations were the second most on record.

Google Pay adds banks in Singapore; a contactless pay shirt debuts; and other information you need to start your day, from PaymentsSource and around the web.

Member business lending growth has fluctuated in recent years but growth overall is slowing even as balances continue to rise. The long run of success could prove to be a problem when the economy finally turns south.

Banks are putting more effort in deposit gathering and fee-based products to offset thinning margins and increased payoffs by small-business clients.

The State Bank Group and The Provident Bank are backing Neocova, which focuses on community banks.

Consumer behavior is more dynamic than ever with changing preferences, healthy credit demand and greater access. Nidhi Verma, Vice President, Consulting for TransUnion is our special guest. Hosted by Penny Crosman, Editor at Large, American Banker.A Consumer Credit Podcast

Consumer behavior is more dynamic than ever with changing preferences, healthy credit demand and greater access. Nidhi Verma, vice president, consulting for TransUnion, is our special guest. Hosted by Penny Crosman, editor at large, American Banker. A Consumer Credit Podcast

Plug in to the second installment of the “Consumer Credit Podcast Series” with guest Kevin Yuann, general manager of NerdWallet, one of the country’s leading personal finance websites. Hosted by Daniel Wolfe, editor-in-chief, PaymentsSource. A Consumer Credit Podcast

Questions about the search giant's planned use of transactional data resonate not only with wary consumers, but also with banks that are worried about big tech’s financial services ambitions, as well as lawmakers and regulators concerned about the tech industry’s growing reach.

The FDIC is pursuing the penalty five years after hitting the Delaware company with a consent order tied to BSA and AML compliance.

A similar bill was introduced into the House earlier this year and both pieces of legislation have have bipartisan support.

Gov. Phil Murphy signed an executive order Wednesday establishing a board that would come up with a plan to create a public bank in New Jersey.

Home loan originations rose by double digits in the third quarter while auto loan originations approached an all-time high, according to new household credit data from the New York Fed.

Such credits, which reflect borrowers with financial challenges, increased significantly during the third quarter.