Banking

The Indiana credit union agreed to pay $21.3 million in cash for New Bancorp, which was created when its savings bank converted to a stock-owned company in 2015.

Thirty-day delinquency rates, a harbinger of future write-offs, also increased at all seven of the largest U.S. card issuers in the first quarter.

The information you need to start your day, from PaymentsSource and around the Web. Today: PayPal invests in Uber; Tencent invests in payments technology in Argentina; Wirex issues stablecoins; Walmart unveils new retail innovation; The PSD2 vendor market gets larger.

The bank agreed to pay $150 million to California to settle charges it hid the risks on the sale of mortgage bonds pre-crisis; foreign suitors circle Commerzbank while Deutsche Bank seeks answers.

In a strategy that other CUs could follow, Concord Federal Credit Union is working with a local nonprofit to provide better access to financial products in central Brooklyn.

Readers respond to the debates over economic inequality and CEO pay disparities, weigh in on FDIC board membership, consider LendingClub exiting small-business lending and more.

The company's credit card business has been outpacing industrywide loan growth. In the first quarter, results were also aided by higher loan yields.

The strong growth in commercial lending made up for more modest gains in credit card and auto lending, its two largest business lines.

The Wisconsin bank's pending acquisition of 32 Huntington branches would boost its ability to make more loans, but like other banks it said deposit costs are cutting into margins.

Stephen Steinour said it was pure conjecture that Huntington was a possible suitor for the Dallas bank if it decides to put itself up for sale at some point. He emphasized Huntington's core-growth strategy and upbeat economic signs from consumers and businesses.

Larger institutions in particular have made banking so convenient that customers see little reason to move their accounts, according to a new report from J.D. Power.

Earnest hopes offering a streamlined process can help it thrive in a risky niche.

The San Antonio bank reported 6.8% growth in loans, but Phil Green said he was unwilling to match overly generous prices and underwriting terms that he is seeing in the market.

The nation's first credit union saw an 88.5% increase in net income for 2018 thanks to a variety of factors, including a one-time payout from the National Credit Union Administration.

The Oklahoma company will pay $122 million for a bank with three branches in Dallas.

The institution had considered a merger of equals that was never finalized before deciding to change its name to Elevate Credit Union.

Deutsche Bank and Commerzbank end merger talks; the digital money transfer unit has more than 40 million digital users, second only to JPMorgan Chase.

The information you need to start your day, from PaymentsSource and around the Web. Today: Blockchain B2B advances in China; Brave adds new ad incentives; New crypto wallet; New York prosecutors win a bitcoin laundering case.

Credit union share of the credit card market is at a record high but there are concerns that this debt could begin to sour if the economy turns.

As with the debate over guns, climate change and other social issues, banks may find themselves pressured to do more to address the country's wealth gap.