Banking

The new products, along a 2% cash-back credit card, are aimed at helping customers build savings and reduce debt.

With the loan-to-savings ratio at its highest point in four decades, some CUs have limited options to boost their funding.

Banks have to do a better job of protecting personal information about their customers' children.

The CEO's tenure lasted just 18 months; the former FDIC chair says having Congress more involved in setting accounting standards "could well backfire on the banks."

The information you need to start your day, from PaymentsSource and around the Web. Today: R3's expanding in London; Wirecard makes a contactless play in Italy; Poshmark's breach; Nexo offers a credit card for crypto; South Korea opens testing for blockchain.

Open banking could help credit unions retain and attract new members but concerns remain around data privacy.

It’s hard to time the next economic slowdown. But lenders, many with lingering memories of the financial crisis, are taking steps now to limit exposure in commercial real estate, construction and other loan segments.

These banks posted strong quarterly results at a time when many others struggled with thinner margins and rising expenses.

A fight between Democrats and Republicans over a proposal to let the SBA’s Office of Advocacy challenge rulings made by other government agencies is threatening to hold up funding for small-business loan guarantees.

Walmart has filed a patent application for a digital currency that, like Facebook's Libra, would be a stablecoin backed by traditional currencies. And it envisions a very specific use case where its coin could stand in for cash — or even for a bank account.

Millyard Bank is on a course to open by the end of this year.

JPMorgan Chase ends business loan partnership with OnDeck; Truist out to prove it can best the megabanks in tech; Capital One's data breach was bad, but it could've been worse; and more from this week's most-read stories.

The CFPB is giving the public an additional 30 days so consumer groups have more time to respond.

Younger consumers still like to go to the mall. Keeping them there requires a mix of easy payments, financing and shopping in multiple channels, says Nufar Segal, general manager of consumer financing for at Jifiti.

A fintech called NCS Analytics wants to analyze power-use data at cannabis businesses for banks that finance them. It says the information can help expose illegitimate activity.

Loan balances at the end of the second quarter were up by double digits from a year earlier for the Honolulu-based institution.

A Fed team toured an Amazon facility at about the same time Capital One’s data was hacked; House oversight members want answers from the CEOs of the two companies.

The information you need to start your day, from PaymentsSource and around the Web. Today: Digital payments advance in sports; Amazon Dash set to expire; Albania cracks down on tax pay cheats; Facial recognition ATMs expand in Spain; A stablecoin for legal weed.

Most cloud storage systems have gaps that open the door to account takeover, API attacks and other threats, argues Pravin Kothari, founder and CEO of CipherCloud.

Readers react to Capital One's massive data breach and The Bancorp's expansion in CRE securitizations, defend fintechs offering retirement plans and more.