Banking

An initial review determined that lax oversight at Enloe State Bank allowed for the origination of more than 100 allegedly fraudulent or fictitious loans.

The Kingston, N.Y.-based institution can now serve those who live and work in seven counties.

A hearing on legislative proposals exposed a sharp partisan divide over a regulatory plan to restrict the frequency of collection calls.

By 2025, millennials will represent 75% of America’s workforce, making this generation a key demographic for credit card growth.

Wells Fargo still having trouble finding permanent CEO; Some lenders are using the deals to keep their best customers.

The information you need to start your day, from PaymentsSource and around the web. Today: Mastercard and Rabobank make payments push for emerging markets farmers; PayPal makes inroads with streaming content in India; Amazon builds smart glasses; Daimler adds more blockchain payments.

The once-acquisitive company is not interested in a "roll-up strategy" in Texas's biggest city, said CEO Phil Green. In a Q&A, he also explained why loan competition is intensifying and what's really keeping business customers up at night.

Regulators may be willing to grant new charters, but economic uncertainties, capital hurdles and inexperience have led the organizers of numerous bank startups to give up in the last few years.

The legislation included changes designed to attract more Republican support, which is key to the measure ultimately becoming law.

Digital-first lenders more than doubled their market share in the last four years, according to a report by Experian.

The Miami unit of Chile’s Banco de Credito e Inversiones is acquiring Executive National Bank. It bought Miami's TotalBank last year.

The Herb Wegner Memorial Awards will be handed out in February to a trio of long-time industry leaders.

Members of the House Financial Services Committee cited leveraged lending, cybersecurity and the switch to a new interest rate benchmark among potential systemic risks that keep them up at night.

Here’s why we joined other banks globally in disclosing the environmental impact from loans and investments.

JPMorgan, which led the offering, may have “enabled” the startup’s questionable behavior; the system may enable more people to get approved for mortgages.

The information you need to start your day, from PaymentsSource and around the web. Today: North Korea-linked hackers go after ATMs; Lyft goes deeper into transit; myPOS opens a store in Paris; Austin IoT crypto payments startup adds to its network.

The North Carolina company agreed to buy the much-smaller Community Financial Holding.

The Maryland company says two recent deals, including its agreement to buy Revere Bank, give it the right amount of coverage across Washington's suburbs.

The app, which started with mobile gaming, will now integrate itself with some of the most popular video games on the market such as Fortnite.

After investing in a payments CUSO earlier this year, the Florida-based credit union is looking for additional opportunities to work with fintechs.