Banking

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;

Wells began rolling out its online-bank brand in November. Peggy Mangot, senior vice president and head of Greenhouse development, shares what she’s learned so far.

Borrowers with poor credit make up less than 15% of the industry's total auto loan portfolio. That has shielded CUs from some delinquency issues, but some say it raises questions about whether the movement is reaching the consumers it was chartered to serve.

Kathy Kraninger, the bureau's director, is in a standoff with Democrats about her claim that the agency cannot supervise institutions under the Military Lending Act.

More businesses are considering moving away from cash and checks, according to a recent survey by Citizens. That should be a wake-up call to smaller institutions, said Michael Cummins, who oversees treasury solutions at the regional bank.

Calls for getting more women into leadership positions, and strategies for achieving that, dominated the LEAD conference in New York.

The president's big loan from, and sizable deposits with, Professional Bank in Boca Raton have raised some eyebrows. But the bank's chairman says it recruits relationship bankers from larger rivals to get just these kinds of customers.

In a state where laws are unusually favorable to high-cost business lenders, taxi drivers are not the only small-business people getting trapped in loans they can't afford to pay back. The question is, what are policymakers going to do about it?

The East Lansing-based credit union plans to open two branches in the Traverse City area, more than three hours north of its headquarters.

Regulators have taken a number of steps to implement last year’s reforms to Dodd-Frank, but there are several important items left on the to-do list.

Fintechs that offer installment loans are having a major impact on credit card lending — and many card issuers are ill equipped to compete.