Banking

The deal between First Defiance and United Community would create a $6 billion-asset bank.

The six biggest banks are expected to issue disappointing forecasts as rates continue to decline; technology stock mutual funds scored with payment plays.

The information you need to start your day, from PaymentsSource and around the Web. Today: Paytm makes product and personnel moves; McDonald's adds GrubHub; Fleetcor partners with Nissan; China's government crypto gets closer.

As credit union leaders converge on Washington, here's a look at some of the biggest legislative and regulatory issues facing the industry – and what it might take to move the needle.

Charging customers $40 for a $10 overdraft “makes no mathematical sense,” Chime CEO Chris Britt says in a critique of traditional banks.

Skip Brown, an executive with Winston-Salem Banking Group, says it has signed a letter of intent to buy a community bank three months after withdrawing a charter application.

A legislative measure would have made the Golden State the first in the nation where aggrieved borrowers could sue their servicers. The bill was delayed until 2020 after banks and other financial companies expressed opposition.

Other banks have made splashy acquisitions there, but PSB Holdings is getting ready to open a branch after making inroads in the market for three years. Its next step could be M&A.

Next up for BB&T-SunTrust: deciding where to unload branches; how the Trump administration would reform Fannie Mae, Freddie Mac; why the CFPB's payday rule is in the hands of a Texas judge; and more from this week's most-read stories.

Despite state charters' best gains in four years, their ranks continue to shrink at a pace nearly equal to that of federal charters.

Both banks focus on the Chinese-American community.

Prosecutors are investigating the involvement of Ashton Ryan and another executive in the New Orleans bank's 2017 collapse, a federal judge recently wrote in a decision on a related matter.

Treasury Secretary Steven Mnuchin has told large U.S. financial institutions including Goldman Sachs and American Express they should do more to help black- and women-owned community banks win federal contracts.

The bank helped raise $25 million for the fintech because of its potential to bring banks and nonbanks together in a virtual marketplace.

Driver Management said it believes the company would create more shareholder value by finding a buyer.

While Gen Z is just beginning to transition into adulthood there are some healthy indicators of how it is approaching credit as well as how it manages debt.

There's been a significant lag in how financial institutions serve commercial clients with mobile technology, and that creates an opportunity for credit unions.

The Baltimore company will pay $31 million for MB Bancorp.

The mortgage agencies would be privatized under Trump administration plan; central bank will probably cut rates by 25 bps, not 50 bps, at its next meeting.

The information you need to start your day, from PaymentsSource and around the Web. Today: Is Apple crypto in the works?; New iPhones may have fingerprint readers; Grab invests in AI; Upflow draws funding for invoice tech; Venice's vaporettos support contactless pay.