Banking

As budget questions loom over the most popular Small Business Administration loans, lenders have embraced the previously overshadowed 504 program after a key policy tweak.

Christopher Myers will retire as president and chief executive of CVB next spring, and the California bank says it will hire a search firm to begin seeking his replacement.

Finance ministers call for tight regulation of cybercurrencies; Williams says the Fed must “act quickly to lower rates at the first sign of economic distress.”

The information you need to start your day, from PaymentsSource and around the Web. Today: Toys "R" Us plots its recovery; Libra searches jump in China; App bank gets license in Australia; Biometric contactless cards advance.

For business payments, financial institutions have the trust advantage over fintechs but are not offering an easier experience, argues Steve Robert, co-founder and CEO of Autobooks.

As budget questions loom over the most popular Small Business Administration loans, lenders have embraced the previously overshadowed 504 program after a key policy tweak.

Flybits is building a marketplace to connect banks with third parties that might want to share data across channels.

Readers react to House lawmakers attempting to overhaul the credit bureaus, express sarcasm to the Senate Banking Committee eyeing cannabis banking, criticize Sen. Elizabeth Warren's plans to overhaul Wall Street and more.

CrossFirst Bankshares intends to use its share of the proceeds for general corporate purposes, including support of future growth, according to a registration statement.

The credit card issuer reported expense growth that rose faster than net interest income during the second quarter.

The National Credit Union Administration caught flak after it approved raising the threshold for appraisals on commercial real estate loans to $1 million.

In a registration statement filed with the SEC, the company revealed new details about its financial performance and its growth plans.

Credit unions reported gains in a number of key areas but member business lending and new auto loans took a hit as overall growth continued to slow.

While executives at the Buffalo, N.Y., bank said they would take a closer look at spending, especially given the potential for interest rate cuts, they described investments in tech talent as an essential cost of doing business.

The company, which announced the conclusion of a three-year-old credit card partnership with TD Bank, is shifting to digital financing of individual consumer purchases.

The challenger bank startup will use the new cash to double its U.S. headcount.

The current overdraft rules could use some tweaks, but it should largely remain the same to protect consumers.

The company will work on Libra, but won’t issue digital currency without proper authority; the bank’s profit dropped 8% on reduced revenue.

The information you need to start your day, from PaymentsSource and around the Web. Today: France set for crypto regulations; Giant Eagle plans no-checkout stores; PSD2 has gaps; Square's hiring more crypto engineers.