Banking

Laurie Stewart, a former credit union CEO and incoming chair of the American Bankers Association, says a string of bank sales to credit unions supports the case that the latter's tax-exempt status should be eliminated.

Congress should get behind the Fed's effort to launch a real-time payments service instead of getting in its way.

The complaint alleges the lead plaintiff was charged two separate fees for the same transaction and she didn't have sufficient funds.

President Xi wants faster research on blockchain, the technology behind digital currencies; low rates bring best home loan quarter in 14 years.

UniCredit suffers a breach; NBC tests shoppable ads; and other information you need to start your day, from PaymentsSource and around the web.

The company will buy two suburban locations from North Shore Bank.

The company has recruited bankers from Wells Fargo, Deutsche Bank and smaller firms to expand its corporate banking team that serves financial technology clients.

Laurie Stewart says a string of bank sales to credit unions supports the case that the latter's tax-exempt status should be eliminated.

Steven Retzloff, the company's president, will succeed George Martinez in January.

With data collection, just because you can doesn’t always mean you should, says Equiniti's Sarah Jackson.

Tremont CU can now serve the member companies of the Massachusetts Biotechnology Council.

On Jun. 30, 2019. Dollars in thousands.

On Jun. 30, 2019. Dollars in thousands.

Executives are deciding what roles could be relocated to lower-cost hubs such as Plano, Texas; Columbus, Ohio; and Wilmington, Del.

Division is making progress, helped by a rise in branded credit cards; about 200 bankers in agriculture and energy lending let go in recent months.

Teen debit app raises funds; Amex invests in virtual agent; and other information you need to start your day, from PaymentsSource and around the web.

Regulatory bodies are making modifications to disclosure requirements with greater frequency, requiring issuers to spend time and money to make updates across what is often a complex mixture of products, communications and channels, says Messagepoint's Fred Harding.

The nation's largest private student lender plans to curtail its use of forbearance, a move that could well save some borrowers money but could also result in more defaults.

Louisa Community Bank and Resolute Bank were closed on Friday, raising the year's total to three failures.

Why the Toronto bank is focusing on digital features; complaints about credit monitoring plans flood CFPB; the strategies midsize banks are relying on to stimulate growth; and more from this week’s most-read stories.