Banking

Caught in the middle of a credit-subsidy debate, the program would have shut down on Tuesday without congressional action.

Congress should consider acting quickly or companies could treat the Golden State's new data privacy restrictions as a national standard.

Ernest Pinner, who co-founded the Florida company in 1999, will become non-executive chairman in January.

Warsaw Federal will keep its name and charter after joining First Mutual Holding in Lakewood, Ohio.

Rep. Denver Riggleman, R-Va., explains why he has introduced legislation requiring greater transparency over the Federal Reserve’s forthcoming payment system.

A research paper says the president’s constant criticisms are driving Fed policy, directly or indirectly; the huge demand by banks for cash may be the result of tougher regulations.

The regulator has pledged to put forth a rule on credit union-bank purchases before the end of the year. It's likely to lead to another clash with bankers.

The information you need to start your day, from PaymentsSource and around the web. Today: Uber's new loyalty; Ant and Monsanto team on blockchain; McKinsey opens demonstration store in the Mall of America; U.K. improves breach fight.

Their challenge is creating a viable, profitable product that doesn't get flagged for being predatory.

An initial review determined that lax oversight at Enloe State Bank allowed for the origination of more than 100 allegedly fraudulent or fictitious loans.

The Kingston, N.Y.-based institution can now serve those who live and work in seven counties.

A hearing on legislative proposals exposed a sharp partisan divide over a regulatory plan to restrict the frequency of collection calls.

By 2025, millennials will represent 75% of America’s workforce, making this generation a key demographic for credit card growth.

Wells Fargo still having trouble finding permanent CEO; Some lenders are using the deals to keep their best customers.

The information you need to start your day, from PaymentsSource and around the web. Today: Mastercard and Rabobank make payments push for emerging markets farmers; PayPal makes inroads with streaming content in India; Amazon builds smart glasses; Daimler adds more blockchain payments.

The once-acquisitive company is not interested in a "roll-up strategy" in Texas's biggest city, said CEO Phil Green. In a Q&A, he also explained why loan competition is intensifying and what's really keeping business customers up at night.

Regulators may be willing to grant new charters, but economic uncertainties, capital hurdles and inexperience have led the organizers of numerous bank startups to give up in the last few years.

The legislation included changes designed to attract more Republican support, which is key to the measure ultimately becoming law.

Digital-first lenders more than doubled their market share in the last four years, according to a report by Experian.

The Miami unit of Chile’s Banco de Credito e Inversiones is acquiring Executive National Bank. It bought Miami's TotalBank last year.