Banking

The information you need to start your day, from PaymentsSource and around the Web. Today: Revolut expands to Australia; Los Angeles upgrades transit; FirstBank signs on for real-time payments; Facebook invests in Meesho.

Readers respond to BB&T-SunTrust's rebranding, consider the future of home equity loans, debate the number of credit unions buying up community banks and more.

The Tulsa, Okla., bank is adding Jim Thompson as director of senior housing investments.

The central bank gathered feedback in nearly 30 roundtable discussions about regulators' efforts to modernize the 1977 law.

The House Armed Services Committee approved a bill without a key provision that would allow banks a no-cost presence on military installations, a privilege some credit unions currently enjoy.

Lynn Harton, the Georgia bank's CEO and a 20-year BB&T veteran, is considering acquisitions in Alabama, Florida and Tennessee markets where the entity soon to be named Truist Financial has a high profile.

The Indiana company, which has an acquisition pending, will make more loans in minority neighborhoods around Indianapolis.

The Goldman Sachs unit that offers savings accounts and makes personal loans says it will cover certain expenses for its customers who elect arbitration.

The CEO of the digital-only bank Chime says it has quadrupled its membership in a year. So why doesn't his counterpart at Varo believe him?

To make a credit card top of wallet and build interchange income, credit unions must develop trust, provide great service and ensure the card works every time.

Monzo has been adding roughly 200,000 users a month in the U.K., and is hoping to replicate that success as it launches in the U.S.

Despite renewed calls from Democrats looking to USPS to offer banking services, policymakers should instead consider reforms that would permit private-sector firms like Walmart and Amazon to offer a wider array of financial products.

Lenders should get a boost from refinances and purchase loans; BB&T and SunTrust Banks’ name choice questioned.

The information you need to start your day, from PaymentsSource and around the Web. Today: Coinbase extends debit network; Uber plots drone delivery; Alipay targets football event; Ripple beefts up in Brazil; U.K. regulators end probe into PayPal's iZettle deal.

The Los Angeles company has established a network that is designed to help verify the identities of consumer and small-business borrowers. It says 20 lenders are participating and that it is trying to recruit more.

CEO Greg Carmichael said Wednesday that online-only banks "aren't relationship-based" and that Fifth Third would stick to its plan of attracting new depositors by selectively expanding into new markets.

In a study of 27 global markets, the U.S. ranked near the bottom for consumer use of fintech, raising questions about why Americans appear reluctant to dive in.

Ken Lehman will gain a 40% stake in the Tennessee bank as part of a broader plan to raise $13 million.

Sens. Elizabeth Warren, D-Mass., and Doug Jones, D-Ala., cited research that found algorithmic lending can lead to higher interest rates for minority borrowers.

Several prospects, including JPM’s Gordon Smith, are reluctant to take on a thankless job; lower interest rates, quiet trading will yield disappointing results.