Banking

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.

JPMorgan tells OxyContin maker to take its business elsewhere; reelection tallies are smaller than last year’s.

The information you need to start your day, from PaymentsSource and around the Web. Today: BNP Paribas adds wearable payments; Facebook's cryptocoin takes another step; USAT expands its executive ranks; Google deploys technology on the New York subway; Japan's regulators take a closer look at cryptocurrency.

Online lenders now have close to 40% of the unsecured personal loan market, much of which is refinanced credit card debt. Some financial institutions' card portfolios are taking a hit.

Readers weigh in on the role of the Financial Accounting Standards Board, consider personnel changes at the Consumer Financial Protection Bureau, debate the viability of public banks and more.

Charges against Stephen Calk indicate he lied to regulators about what he knew when he approved loans to Paul Manafort, as well as his interest in landing a job in the Trump administration.

As foot traffic continues to decline, bankers are relying on gimmicks like dramatic lighting and placing buildings closer to highways in an effort to market their institutions.

During its monthly meeting, the National Credit Union Administration board also approved a proposal to increase CU access to non-member deposits, a move bankers are already railing against.

Online lenders now have close to 40% of the unsecured personal loan market, much of which is refinanced credit card debt. Banks' card portfolios are taking a hit.

CUNA and NAFCU have filed amicus briefs supporting the world’s largest credit union in a suit they say could set a precedent for CUs across the country.

Christian Sewing ready to make "tough cutbacks" while UBS may need a new strategy; SEC says Robert C. Morgan misled banks with fake loan papers.

The information you need to start your day, from PaymentsSource and around the Web. Today: Regulators in Nepal combat Alipay and WeChat Pay; Marqeta draws investment; Loot faces financial trouble; German regulators pressure N26 on AML compliance.

Chris Lorence, a former marketing official at the Independent Community Bankers of America, is the Credit Union National Association's latest recruit from other financial services trade groups in recent years.

As part of the deal, the agency summarized its policy on account terminations and issued a letter acknowledging that some employees “acted in a manner inconsistent with FDIC policies with respect to payday lenders.”

Anthony DeChellis’ strategy for staying relevant in a competitive metro market is a little odd — rebuild the private banking business his predecessor shrank — but observers say he might be the executive who can pull it off.

The measures are likely to raise security costs for the German smartphone bank backed by billionaires Peter Thiel and Li Ka-shing.

Avidia Bank joins the network even as other community banks call on the Fed to create its own real-time payment service to compete.

The parent of Ponce Bank has agreed to acquire Mortgage World Bankers.

While regulation and nonbank competition are spooking some banks and credit unions, others believe low funding costs and the right relationships can help them succeed.