Banking

Critics have knocked the product, which provides workers access to their wages before payday, as another form of predatory lending. But California has a new bill that would create a legal framework for this short-term lending alternative, and policymakers elsewhere should follow the state's lead.

Kevin Fitzsimmons and David Bishop switched jobs shortly after FIG Partners sold to Janney Montgomery Scott.

Lori Bettinger is one of the organizers of NXG Bank, which has applied to open in Columbia, Md.

The credit union movement is uniquely positioned to partner with the U.S. Postal Service as a way to increase consumers' access to affordable financial services.

A former Wall Street lawyer who worked on bank bailouts is behind the idea; threatened tariffs are only one of the country’s problems, Citi CEO says.

The information you need to start your day, from PaymentsSource and around the Web. Today: Banks field fintech pitches; Revolut hires PR expert; Ripple tests restaurant payments in Tokyo; German bank official bases blockchain.

Midsize banks are more profitable overall than both their smaller and larger counterparts, and the strategy that some of the best performers in this group use to stand out is specialization.

Credit unions often tout their member-friendly nature but recent coverage of how the movement handled taxi medallion loans could open the industry up to a reputational hit.

The anti-bribery law that Stephen Calk is accused of breaking carries stiff penalties — up to 30 years in prison — but violations can be relatively hard to prove because prosecutors must establish the defendant had a corrupt state of mind.

The increased mobile engagement at U.S. Bank goes back to Ankit Bhatt letting customers tell him — and, many times, show him — what needs to improve.

Regulators closed The Enloe State Bank in Texas late Friday, marking the first failure in 17 months and the first in the Lone Star State in over five years.

While Noah Bank’s CEO has been accused of self-dealing in connection with SBA loans, its chairman says the directors had a succession plan ready to go and are rallying to rescue the bank’s reputation.

It's a multibillion-dollar industry in a state of payments-regulation limbo and as a result, the U.S. cannabis business has mainly operated on a cash basis.

The bank will have about $1 billion in assets after it acquires Lighthouse Bank, which is also based in Santa Cruz.

Suspense builds on what the new name of merged BB&T-SunTrust will be; JPMorgan Chase CEO Jamie Dimon says Wells Fargo 'irresponsible' for lack of CEO plan; how APIs are being used at Citi, BBVA and other leading banks; and more from this week's most-read stories.

A look back at Credit Union Journal's May 2019 special report on auto lending.

Digital consumers and merchants are born as well as made. Payments play a key role in driving simpler, smarter and more customized experiences, writes Stefan Merz, COO of PPRO.

Eric Meilstrup, who was named president last fall, will succeed Steve Foster as CEO next month.

New technologies can increase lending and reduce risk but many management teams don't know where to begin with implementing them.

Stress tests, capital buffers and liquidity levels are best ways to make financial system safe; HSBC plans to layoff “several hundred” from investment bank.