Banking

Alternatives Federal Credit Union is making loans to pay for gender-reassignment surgery, but the initiative has bothered some members.

Professional Bank and Marquis Bank, both of Coral Gables, have been competing against each other for more than a decade. Now they are merging in hopes of landing larger clients and making better use of technology being developed in Professional's innovation lab.

Under a state proposal, annual percentage rates would have to be disclosed on nonbank commercial loans of $500,000 or less. Lenders' responses have been mixed depending on their business model.

ZSuite Technologies digitizes a number of services that banks provide to landlords.

Robert G. Cameron, a former official at the Pennsylvania Higher Education Assistance Agency, will succeed Seth Frotman as the bureau's point person on student lending complaints.

Deutsche Bank overhaul plan will put taxpayers and the financial system at risk; the San Antonio company names three women to key technology positions; issuers like Chase and Citi need to think beyond traditional card options; and more from this week's most-read stories.

M&T Bank, Zions and Comerica are among the regional banks facing the most pressure on net interest margins, Wells Fargo analysts said in a research note to investors.

Bank of America’s customers spent $1.9 trillion this year through Aug. 12, an increase of 5.9% from a year earlier — a sign that the economy, driven by the consumer, remains strong, Brian Moynihan said.

Issuers like Chase and Citi that added installment features to compete with digital lenders will need to think beyond traditional card options.

The company will pay $113 million for a commercial lender based in its backyard.

Employees saw the bank’s cybersecurity unit's shortcomings; the state seeking records related to hidden profits from the family's opioid business.

The information you need to start your day, from PaymentsSource and around the Web. Today: Contactless payments jump in New York subways; Coinbase switches banks; Dovu's green crypto; Ant's impact on the fintech investment market;

Credit unions have until midnight tonight to submit nominations for this free recognition program.

With declining interest rates, credit unions that rely heavily on interest income from their investment portfolios may struggle.

Readers react to states investigating payroll advance companies and the GOP's weak response to cannabis banking, heed a warning that nonbanks are prepared for CECL and more.

With long-term interest rates at historic lows, mortgage refinancing is coming on strong. But that additional revenue may not be enough to offset net interest margin pressures and lost servicing income.

Christopher Maher is kicking the tires on an "acquisition of size" that would propel the New Jersey bank across the $10 billion-asset mark.

LA Financial's planned merger into Ventura County Credit Union is expected to be completed in early 2020.

The former Amazon employee got info from 30 other entities, prosecutors say; another bad day for bank stocks, with 3% losses typical.

The information you need to start your day, from PaymentsSource and around the Web. Today: Shopify adds chat; New technology battles card skimming; Checkout-free stores advance in Brazil; South Korean blockchain adds streaming music payments.