Banking

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.

The bank will reduce its footprint to its German roots; U.S. banks are offering cash bonuses to keep customers from fleeing to higher-yielding accounts.

The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon faces regulatory pressure in the U.K.; Manchester adds transit tech; Paytm opens hub in Montreal; PSD2 has poor compliance.

These programs are allowed in a majority of states, but only a small portion of credit unions offer them. That may change as the need for deposits grows and consumer expectations shift.

Much as the fintech wave has sparked investments and deal-making among legacy bank technology vendors and payment processors, Experian, TransUnion and Equifax are entering partnerships and making investments.

Questioning whether core-banking technology is nearing a 'big shake-up'; Capital One keeps closing branches, even as rivals open them; FASB chair defends CECL, saying 'the benefits justify the cost'; and more from this week's most-read stories.

The information you need to start your day, from PaymentsSource and around the Web. Today: Uber Eats expands inside restaurants; Alipay adds beauty filters to selfie-pay; Japan's regulators pressure Libra; Legal battle brews over currency policy in Zimbabwe; BigCommerce and Klarna expand partnership.

Readers react to Congress vetting Facebook's Libra, heavily debate whether to delay CECL, opine on attempts to roll back overdraft laws and more.

Credit unions can reduce concentration risk and free up funding for new loans though participations but many institutions are hesitant about the process.

The president says he’ll nominate Judy Shelton, Christopher Waller for Fed; the bank reportedly in talks to sell parts of its “once prized” equities business.

The information you need to start your day, from PaymentsSource and around the Web. Today: QR codes for education payments; Tencent and Paytm mull investment in streaming service; Dutch ministers call for cash removal; Retailers lobby against Amazon and Google; FIS adds job board tech.