Banking

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.

The Pittsburgh company is sticking with its plan to grow through expanded lending and branch openings in new markets, William Demchak told investors and analysts Wednesday.

Researching how pain points make consumers work harder can fix payment execution, says UJET's Anand Janefalkar.

Changes in consumer behavior patterns will force banks to reassess the information they use to attract customers.

Dimon doesn’t expect it to happen, but the bank is getting ready just in case; the state will require banks to disclose their relationship with gun sellers.

The information you need to start your day, from PaymentsSource and around the Web:. Today: Amtrak adds mobile payment technology; Real-time pay in the Netherlands; Moneycorp gets license in Brazil; PumaPay's crypto system debuts.

Hal Schroeder of FASB claims that investors have no confidence in the current loss standard. Several investors at a prominent accounting conference disagree.

The unnamed borrower was the victim of an alleged scam by another company.

It hasn't stimulated loan demand in ways banks hoped it might, and some CEOs fear future rate cuts might cause companies to hunker down.

JPMorgan CEO Jamie Dimon said at an investor conference that the Trump administration's plan for Fannie and Freddie would provide more opportunities for financial institutions. He also called for an end to the U.S.-China trade war and weighed in on the prospect of interest rates falling to zero.

The chairman of the National Credit Union Administration gave CU Journal more details on the agency’s forthcoming rule providing guidance for credit unions purchasing banks.