Banking

A strong economy and the chance to court Hispanic customers and businesses have banks interested in the region once more.

A year after it debuted, Bank of America's virtual assistant now counts some 150,000 users per week. It's one of the few large financial institutions pushing such technology.

Jelena McWilliams said federal bank regulators could begin "within a week or so" to discuss a draft proposal for reforming the Community Reinvestment Act.

A Burke & Herbert veteran will serve as CEO until January, when the bank will introduce an outsider as its leader.

Representatives of minority- and women-owned small banks from around the country met to discuss how to expand business opportunities.

Many kiosk manufacturers focus on cost and manufacturing efficiencies, placing little to no emphasis on experience architecture — where the physical meets the digital in design and engagement, writes Scott Reese, chief technology officer at Harbor Retail.

The data aggregator plans to help U.S. fintechs expand into the U.K. and vice versa.

More than 66% of the banks reported a jump in net income during the first quarter but new risks are emerging in interest rates and underwriting, the Federal Deposit Insurance Corp. said Wednesday.

Having already recently absorbed Los Angeles-based Cedars-Sinai FCU, Credit Union of Southern California is now set to pick up tiny FedONE FCU.

The bank dropped out of the bidding for the card over profitability fears; returning to the market could boost Barclays' investment bank.

The information you need to start your day, from PaymentsSource and around the Web. Today: Singapore pushes digital ID; Walmart hires an innovation chief; A French youth payment app raises funds; Coinbase expands PayPal support to Canada.

Currently, the maximum a federal credit union can charge on most loans is 18%. But a proposal from Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez to lower that to 15% on consumer credit could reduce access, experts said.

It's tempting to reach for higher returns on securities in anticipation of tightening margins. However, that strategy has pitfalls, including underestimating risks or being caught flat-footed by future rate moves.

The agency's spring rulemaking agenda includes the process for collecting small-business data as well as underwriting rules for GSE-backed loans. But what's missing from the list may be just as important.

The JPMorgan chief executive said he couldn't understand why Wells Fargo could have CEO Tim Sloan step down without a successor ready to go.

Raisin is planning to create an online marketplace for high-yield savings accounts and CDs for the U.S., but persuading Americans to save could be a challenge.

While some of the biggest institutions are already rapidly developing new technologies, it’s important that community banks also tap the power of artificial intelligence and machine learning.

Better analytical tools could help banks spot and address potential issues before a customer goes delinquent.

Payment industry mega-mergers continue with $21.5B deal; the cryptocurrency is up 140% this year, including 70% this month.

The information you need to start your day, from PaymentsSource and around the Web. Today: TSYS and Global Payments agree to merge; Rabobank scales back crypto wallet; Carnival adds payment wearable; Mobile money expands;