Banking

Some signed on because the deal didn't require using or promoting Libra; Chicago bank may get stuck with $190 million of losses from U.K. mutual fund.

The information you need to start your day, from PaymentsSource and around the Web. Today: Mastercard and N27 advance Nordic real-time payments; Amazon Prime Day gets longer; Swedbank adds watch payments; Minnesota legislators try to ban crypto political donations.

Offering secured credit cards can help a credit union build loyalty with members but this product line can be difficult to successfully manage.

While other industries reversed their previous downward trend, perceptions of the banking industry continue to get worse. Here are some steps banks can take to try to burnish their reputations.

Moebs Services attributed the falling revenue to higher overdraft fees being charged to consumers.

At the end of the second quarter, the corporate institution will waive service fees and issue bonus dividends to its member credit unions.

"We're going right at Bank of America, folks, in Charlotte, their hometown," JPMorgan Chase CEO Jamie Dimon said to cheers and laughter at a branch opening in midtown Manhattan. "We've been waiting a long time to start the expansion of Chase retail."

The New York bank has recruited a dozen commercial lenders from PacWest, Wells Fargo and other rivals, continuing its shift away from its historic reliance on multifamily lending.

Brad Goedken wants agreements for HarborOne Bancorp to include better protections, such as cost reductions if a service fails.

The number of minority depository institution charters is declining even as their financial performance is going up, according to a new study by the FDIC.

Many people still distrust banks, but many also look askance at the social media giant, making it an unlikely savior of the unbanked.

The biggest challenge for credit union acquirers involves retaining commercial customers at the banks they buy. That's why constant communication, and having more commercial products and services, matter.

As lawmakers meet this week to discuss artificial intelligence, they should work with regulators to create universal and workable definitions.

The ATM manufacturer has added mobile banking integration, document signing, biometric authentication, video banking and a cash recycler to its DN Series.

Dallas Fed chief says lower interest rates may require stricter rules to ward off riskier lending; after financial crisis, debt backed by HELOCs disappeared.

The fast-growing data company, which says its mission is to help banks be better consumer advocates, will use its cash infusion for hiring, software development and new partnerships.

The information you need to start your day, from PaymentsSource and around the Web. Today: RBC adds business pay tracker; 7-Eleven upgrades deliveries; U.K. open banking fintech adds to its network; U.S. Bank pushes health care payment automation.

Aura is one of the few fintechs in the nation to have a community development financial institution designation from the Treasury Department.

Bruce Van Saun, CEO, shares details of the new digital channels the bank is building for consumers and small-business customers.