Banking

The Honolulu-based credit union saw a nearly 7% increase in new members, thanks in part to an expanded branch presence in West Oahu.

A new partnership will let some community banks and credit unions roll out robo-advice platforms without a significant investment of their own.

Consumer identities are becoming increasingly digital and more prone to privacy risks. Lawmakers cannot sit idle.

Clear communication is critical when banks undergo a leadership or operational change.

More details have surfaced about Interactive Brokers' planned bank. It would accept deposits and originate loans through an online channel only, its application says.

The credit bureau will consider borrowers’ rental payment history and professional licenses; bank looks to build business on the other side of the Atlantic.

Google Pay gets larger in India; Visa gets a new HQ; and other information you need to start your day, from PaymentsSource and around the web.

The National Credit Union Administration approved a rule expanding institutions' access to nonmember deposits, but observers say it's unlikely to lead to a massive influx of new funding – at least for now.  

While layoffs at big banks get the headlines, small and midsize lenders are also trimming payrolls in response to lower rates and fears that a recession is getting closer.

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

At a forum convened by the CFPB, several bank and fintech executives argued that long-delayed rules required under the Dodd-Frank Act can help fight discrimination and shine a light on unsavory practices in the market for small-business credit.

The FDIC ordered the Seattle bank to pay a nearly $1.4 million fine tied to improper agreements with real estate brokers and homebuilders.

Whitefish Credit Union has surpassed $1.5 billion in total assets thanks to growth in consumer loans brought on by an increased digital marketing presence.

Don Kimble assured investors Wednesday that the bank is being "very diligent" in lending to an industry some experts say is already in a recession. Echoing other banking executives, he also predicted that consumer lending would drive overall loan growth in the near term.

The bank is open to adding branches in cities where it has a high population of cardholders and where its largest co-brand card partners are based, Anand Selva, head of the lender's U.S. consumer unit, said.

An e-wallet in development would give tech companies the ability to provide millions of customers virtual bank accounts and to offer perks such as car loans or discounts on home rentals to those who keep money stashed there.

The Maryland company agreed to acquire Rembert Pendleton Jackson, which has $1.3 billion in assets under management.

Service would help with compliance; JPM CEO sees more short-term lending rate spikes if no long-term solution implemented.

Interac makes an ID deal; a Calibra exec takes a long view for Libra; and other information you need to start your day, from PaymentsSource and around the web.

With so many data breaches targeting merchants, banks and credit unions should not assume they are in the clear.