Banking

Traditional players are getting innovative, and upstarts are becoming more sophisticated. The survivors will be companies that offer consumers an array of easy-to-use services, a venture capitalist says.

A pastor who was falsely arrested for check fraud because of errors made by Wells Fargo employees may be forced to resolve legal claims against the bank in arbitration. The case renews questions about banks' use of the process.

Institutions in the Badger State reported that lending was up by almost 6% and delinquencies remained at historic lows.

The company will pay $195 million for its first retail operations in the city.

Politics not considered, a spokesman said in response to Dudley’s call for the Fed to stop enabling trade war; the agency lifts a two-year hiring freeze.

The information you need to start your day, from PaymentsSource and around the Web. Today: WeChat adopts facial recognition for payments; CaixaBank will issue environmentally friendly gift cards; Facebook courts external developers for Libra; Paytm adds QR codes for train payments.

The Cincinnati bank recently expanded its renewable energy banking business to include investment banking services. Its ambitious goals demonstrate the sector’s growing appeal to regional and community banks.

The Independent Community Bankers of America provided seed funding for Teslar Software, which supplies community banks with a platform to manage data from different internal systems.

Two Michigan credit unions were sued by an individual who claimed their websites didn't comply with the Americans with Disabilities Act.

Bond Financial Technologies' platform is designed for community and regional banks seeking fintech expertise.

Through the initiative, more than two dozen savings and credit groups have been established to serve more than 400 Venezuelans and Colombians.

The Plano bank, which is being sold to Prosperity Bancshares in one of the industry's biggest M&A deals this year, was also worried about credit quality, a regulatory filing shows.

Scotiabank's earnings topped analysts' estimates on a surge in profit in its international-banking division, fueled by a sharpened focus on Latin America. Bank of Montreal, meanwhile, fell short of expectations as growth was more muted at its U.S. personal-and-commercial banking division.

As branches in remote areas disappear, banks run the risk of losing business to fintechs.

An economic downturn is likely to force industry consolidation; the legit firms only offer borrowers things they can get for free, while others are scams.

The information you need to start your day, from PaymentsSource and around the Web. Today: Grab and Go-Jek's battle; Indian payments app draws investment; Installment options expand for fashion and beauty retailers; Google Pay's adding a dark mode.

Its latest feature makes it one of several mobile-only challenger banks in the U.S. that charge no overdraft fees of any kind.

When lawmakers return from their August recess, a host of unresolved financial policy issues — from marijuana banking to anti-money-laundering rule — will greet them.

The Madison, Wis.-based think tank will launch its Centers for Excellence starting next year.

Intense competition for executives and top lenders has elevated the role acquisitions play in filling key positions.