Banking

The information you need to start your day, from PaymentsSource and around the Web. Today: Domino's tests no-cash stores; Fold adds crypto pay; Revolut adds office in Germany; Fintechs get licenses to anticipate Brexit.

As more credit unions deploy mobile video banking, some observers say if credit unions don’t hop on board now they could be left behind in the next few years.

A recent investigation found that institutions taken over by the National Credit Union Administration “are often the least willing to work with borrowers struggling to afford their loans.”

CUs in the Keystone State saw loan balances rise by 8.5%, while membership rose more than 3.3% to top 4.2 million.

The Gramm-Leach-Bliley Act is a successful privacy law that ought to govern all financial services providers, not just banks.

Powell sees need to "keep firms on their toes" while Quarles wants easier tests; €52 million paid to leaving execs nears total paid to board.

The information you need to start your day, from PaymentsSource and around the Web. Today: U.K. issues GDPR fines; Dutch authorities block using payment data for marketing; Uber gets a transit boost in Denver; FitPay expands its Flip app.

A growing number of credit unions are moving their headquarters to revitalized urban areas, and while some say that could help recruit new staff, it also carries the risk of being associated with gentrification.

Ribbon-cuttings for de novos have become more common as regulators have warmed up to the idea of granting new charters. These are the banks that have opened this year, along with more that are on track to do so.

Interest rates on CDs of six-months or longer have declined since a Federal Reserve meeting in June, according to Moebs Services.

The Honolulu-based institution has doubled its loan portfolio over the past five years as its commercial lending has increased.

“Limited” digital-asset broker spots may be approved; Linda Lacewell’s plans for the New York State Department of Financial Services.

The information you need to start your day, from PaymentsSource and around the Web. Today: India plans new restrictions for external payment companies; British Airways gets a breach fine; 7-Eleven Japan halts mobile pay app after security issue; China may accelerate digital currency to counter Libra.

Pierre Habis, president of PurePoint Financial, explains how the digital bank and small network of paperless branches are meeting consumers’ needs.

Despite declining foot traffic, consumers still say they want access to a branch, and credit unions can make these spaces attractive with new twists.

Sensing a profitable opportunity in an underserved market, a variety of companies — ranging from traditional banks to fintech startups and even Amazon — are rushing into selling secured credit cards and other products designed for consumers with poor or thin credit.

Installment payments are catching on quickly with merchants and their customers, creating a fierce competition among rivals who are building competing technology and business models to approach the new market.

Lawmakers have just three weeks before their August recess to make a host of decisions on issues related to credit unions.

SunTrust, the lender merging with BB&T, said it won't provide future financing to companies that manage private prisons and immigration holding facilities.

Community banks need to focus more on how their employees talk about the bank and less on new competition moving in.