Banking

The NCUA said credit unions can now serve hemp businesses but uncertainty remains around important issues like due diligence.

Readers strongly react to whether the CFPB should have a say on bank mergers and if tribal areas should have special CRA credit, debate whether banks are embracing enough technology and more.

Enova has used AI in credit decisions for years. Now it’s having AI do the work of document verification, know-your-customer checks and more.

Falling stock prices and concerns about the health of the economy are depressing deal activity.

Higher net interest income and securities gains boosted quarterly profit to $62.6 billion, which was 4% higher from a year earlier. But potential trouble signs from lower interest rates may emerge.

With brick-and-mortar locations dwindling, it’s even more important to meet potential customers in the field.

About 15% of the bank’s partners are likely to leave this year to make room for new ones; the bank said it is looking into why it charges some customers even after their accounts are closed.

The information you need to start your day, from PaymentsSource and around the Web. Today: Mastercard joins a blockchain project; Alibaba preps an e-commerce acquisition; Jack Dorsey has no plans for his own crypto; Apple Pay adds Southwest support.

The industry has taken some steps to lower barriers to affordable housing, but some observers say that more can be done.

Despite the growth of digital advice, there's resistance to the business inside banks because of internal politics and a lack of data sharing, the company's CEO says.

Loans and net income continued to rise while delinquency rates improved. Other major trends continue, including ongoing consolidation amid sustained membership growth.

Intense competition for deposits and a growing need for scale are spurring more New Jersey banks to seek out buyers.

The Fed's development of a real-time payments systems has sparked a pointless debate about paper checks.

Elevations' purchase of Cache Bank & Trust would be the first credit union acquisition of a bank in the state.

Banks have to be more resourceful with technology and less dependent on high interest rates.

The co-head of the bank’s securities division, 55, was once seen as a possible CEO; the institutions are gobbling up small banks at a record pace, prompting pushback from banks.

The information you need to start your day, from PaymentsSource and around the Web. Today: HSBC pushes blockchain B2B; MobiKwik turns profitable; Square offers discounts to woo U.K. businesses; Manny Pacquiao sings for crypto.

Citing insurance concerns, Anchorage-based Credit Union 1 shut down its marijuana-banking pilot program after less than one year. The move reflects lingering hesitation around banking the industry.

Consumer Financial Protection Bureau Directors Kathy Kraninger is under pressure to ask a federal judge to lift a stay that has kept the agency's short-term-lending rule from going into effect.

AltaPacific's recent agreement to sell itself to Banner Corp. came after it started down a list 14 financial institutions last year, held discussions with at least nine suitors, and considered deals with a credit union and a business development company.