Banking

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.

Sen. John Kennedy, R-La., has proposed a bill to bar companies such as Rakuten from using industrial loan companies to access the banking system.

Google has partnered with Citigroup and a California credit union to offer consumer checking accounts, a person familiar with the matter said.

The issue, tied to how the company reconciles corporate accounts to its general ledger, is not expected to impact past financial statements.

Tech giant takes will work with Citi; the bank reportedly asked IT providers to return some of the money it paid them in 2018.

Veem locks in exchange rates; Chargebacks911 sub centralizes Thomas Cook claims; and other information you need to start your day, from PaymentsSource and around the web.

Large brands such as Barclays and Amazon recently reversed course and allowed cash to accompany clearly digital strategies, moves that made more sense politically than economically. The question is how long public policy can be the main factor in slowing cash’s decline.

So far farm loans are holding up well, but bankers gathered at an industry conference this week said they are growing increasingly concerned that credit quality will weaken if the U.S. and China don’t reach a deal soon.

The Louisiana company's willingness to combine with First Horizon without a big initial payday is fueling talk that other banks could be keen on selling at relatively inexpensive prices.

A group has filed paperwork with the FDIC to form Legacy Bank in Temecula.

The Pennsylvania company gained $67 million in assets under management as part of the acquisition.