Banking

A remark by Director Kathy Kraninger during a congressional hearing has renewed a fierce debate over how the agency uses academic studies to support rulemakings.

Shares in the lender fell after it reported lower third-quarter profits, said nonperforming assets rose and cautioned that it had lost multifamily loan deals to competitors offering easier terms.

The National Credit Union Administration board member is requesting comment on a proposal to create new consumer compliance measures for "large, complex credit unions."

The credit they received in the third quarter is helping to soften the blow from falling net interest margins and weakening loan demand.

Nearly two dozen Senate Democrats say the CFPB should "immediately" open up an enforcement investigation into the Pennsylvania Higher Education Assistance Agency’s loan forgiveness program for alleged mismanagement.

A special committee in the state Senate has recommended not to move forward on a proposed bill to tax credit unions above a certain asset threshold.

Consumers needed payment platforms that could handle internet payments, and startups quickly filled the void, says Chief Outsiders' Mark Coronna.

The Tennessee company, which was outbid in an effort to buy a North Carolina bank earlier this year, will pay $41 million for a branch network in the middle part of its home state.

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

The program will be called Bucks for Buckeyes and will be offered in partnership with the Minnesota Credit Union Network.

Treasury secretary says regulators could look to help ease liquidity logjam in money markets; workers will get special bonuses for the third straight year.

Amazon offers free delivery; Jumio develops new photo authentication; and other information you need to start your day, from PaymentsSource and around the web.

Credit unions in the Garden State are frequently at the bottom of national rankings for key financial metrics. Further consolidation is likely needed to help bolster these results.

The restriction on how often a borrower’s account is debited was supposed to be relatively straightforward, but one lender is trying to fight that provision.

The Pennsylvania company will pay $346 million for MutualFirst Financial.

Startups are increasingly expanding into new areas with their bank partners in an effort to broaden their customer base and bring products to market faster.

Executives at banks in California say there's only so much they can do until the flames subside.

The transaction will expand the CUSO's reach to nearly 1,200 credit unions.

Many small banks remain skeptical of the payments network because it is owned and operated by big banks and they are waiting for the Federal Reserve to launch a rival service.

It's difficult to recruit and retain talent amid low unemployment, while uncertainty about GSE and BSA reform makes planning harder, bankers said at the ABA convention.