Banking

After years of keeping a low profile, banks plan to spend in next year’s elections; the digital currency has eyes on the unbanked.

The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon invests in incentive marketing in India; Ripple adds discount transfer company to network; More signs PSD2's migration is going poorly; New technology emerges for rental payments.

Recent legislation to lower auto insurance premiums in the Wolverine State could cut into noninterest income, but many institutions are still unclear on how much of a hit they’ll take.

Readers react to regulators revamping the Volcker Rule and the U.S. Postal Service getting into banking, criticize HUD's plan to make it harder for consumers to allege discrimination and more.

How is the Pennsylvania bank trying to differentiate itself in wealth management? By assembling a team of private bankers to cater to the complex needs of high-net-worth clients.

A J.D. Power official says supplemental benefits — many centered on travel cards — need to be pared down. His comments followed the company’s release of survey data that showed these hard-to-understand benefits were a drag on customer satisfaction.

Real-time transactions, reward points and early access to paychecks are among the features N26 is attempting to sell consumers here.

While bank stocks flounder, their bonds are seen as a haven against a possible recession; the senator asks bank about overdraft fees on closed accounts.

The information you need to start your day, from PaymentsSource and around the Web. Today: Barclays adds literal climate to stores; Australia's real-time pay system suffers a breach; Austrian mobile provider tests crypto pay; DoorDash makes an acquisition.

Credit unions have largely moved past their distrust of fintechs, but plenty of institutions still face challenges when it comes to finding the right vendors.

If firms don't enroll consumers quickly for card accounts, it suggests other elements of the institution may also be suspect, says Kofax's Dermot McCauley.

Recent studies offer a dire outlook for water levels in drought-prone states. Some banks are bracing for this risk with changes to underwriting of real-estate-related loans.

The Trump administration’s “public charge” rule would add credit reports to factors that could be used to deny legal residency, but critics say credit scoring was never intended for that purpose.

As a growing number of chains go bankrupt, loan charge-offs are rising.

After a news report said the bank kept alive accounts customers thought they had closed, Sen. Elizabeth Warren told acting CEO Allen Parker in a letter that Wells is "still fundamentally broken."

Most consumers will share more data, including preferences, if they see a more valuable personalized experience, says Hero Digital's Kristine Stebbins.

The FDIC and the OCC relax the rule restricting proprietary trading; home buyers with bad credit, lots of debt, or employment issues are again getting loans.

The information you need to start your day, from PaymentsSource and around the Web. Today: Visa fights Indian regs; MoviePass suffers a breach; M&A sparks payment deal record; Square hires a crypto experts; Acorns draws celebrity investors.

The mobile payment revolution has made mobile banking apps even more lucrative and attractive to crooks.