Banking

The loan participation has been flagged for potentially fraudulent activity.

From marijuana to member business lending, a look at policymakers and others' perspectives on key issues affecting the industry.

The bank is adding senior tech executives from Amazon and Verizon as partners; bank allegedly inflated prices and overcharged investors for mortgage bonds.

The information you need to start your day, from PaymentsSource and around the Web. Today: Australia pushes open banking; Western Union makes a deal in Canada; Patreon sells product curation company Kit; Uber and Lyft lobby against California "gig economy" bill.

The CEOs of Sallie Mae and Discover Financial Services were largely dismissive this week of the threat posed by the two Democratic presidential candidates, though their optimism seemed to be rooted in an assumption that the more sweeping proposals will never become law.

An increase in credit union acquisitions of banks has been a blow to the morale of many commercial bankers, and some of their trade organizations are trying to slow down the trend. There may be little they can do.

Expectations of more rate-cutting and slower GDP growth led the Minneapolis company to scale back its net income and revenue projections through 2022.

The fifth-generation banker, who has already been serving as a central bank governor, was confirmed by the U.S. Senate in a 60-31 vote.

Credit unions have traditionally struggled to access analytics due to limited resources but that is now beginning to change thanks to recent advances.

A proposal to define wages-on-demand would protect consumers and serve as an example for others.

Lenders considering other factors for those with bad or no credit history; the bank plans to sell its French retail unit.

The information you need to start your day, from PaymentsSource and around the Web. Today: The Netherlands aims at crypto; Payroll scam costs millions; Google shutters Express; Square sues San Francisco; Payment technology firm gets a banking license in Australia.

At the median, credit unions saw growth slacken in several key areas during the year ending at June 30.

Credit decisions were a natural place to start with artificial intelligence, but now banks and credit unions are taking the technology to all parts of their businesses.

In addition to launching an automated investing app, the bank created a dedicated adviser unit to provide personal service to customers when they need it.

First Community Bankshares will buy Highlands Bankshares for $91 million.

Banks are taking back more farmland through foreclosure than at any point in the past three years as low crop prices, epic flooding and the Trump administration’s trade spat with China have left many farmers struggling to pay their debts.

The company says its exposure involves a participation loan to a business customer for which it was the originator.

In an interview with Credit Union Journal, Todd Harper, NCUA board member, said the regulator was working to avert similar problems in the future.

Academy Bank in Kansas City, Mo., which shuttered nearly a quarter of its branches between 2015 and 2018, is now in expansion mode. Its CEO explains his renewed affinity for brick and mortar.