Banking

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.

The Wilmington, Del., company's new product relies on technology developed by Earnest, a startup that it acquired in 2017.

Investors seem to be betting that a long-rumored sale of the Dallas company is on hold now that it has named a new CEO, but analysts say it remains an attractive takeover target for a larger regional bank.

At a fintech event hosted by the FDIC, the agency’s chief and the head of the OCC offered their views on a wide range of matters.

The Delaware company said newly formed NewLane Finance will use "advanced technologies" to provide expedited financing decisions.

SmartFinancial lined up a compelling merger with Entegra. Then a bigger bank offered more money and a higher premium.

A panel of federal judges determined that Think Finance and an online tribal payday lender must comply with state interest rate and licensing laws.

In the months ahead, the Birmingham, Ala., bank will drop Compass from its name across all of its branches and digital properties. It’s part of a broader plan by its Spanish parent Banco Bilbao Vizcaya Argentaria to unify its brand worldwide.

David Tyrie, the bank’s new head of digital banking, discusses plans to offer customers constant course corrections and its new Life Plan product, and the latest on the virtual assistant Erica.

Overall loan growth at the Tulsa, Okla., company was muted, however, as an increase in early paydowns lowered commercial real estate loan balances.

The company, which is planning to revamp its organizational structure, has seen a sharp increase in funding costs over the past year.

The Wisconsin Supreme Court upheld a "narrow interpretation" of a state-level consumer-protection law that maintains lenders' rights to collect debts without fear of being sued for damages.

Entegra Financial, which had a deal to be sold to SmartFinancial, has instead agreed to be sold to First Citizens, which offered more money and will pay a breakup fee for the initial deal.

The Fed wants to make it easier for investors to own big stakes in banks without triggering oversight; Shelley O’Connor has been named head of the firm's two regulated bank entities.

The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon partners with French supermarket chain; N26 is adding risk experts; Unisys makes an open banking play; Apple Pay is set to launch in Austria.

Now that the Cincinnati company recently completed its first bank acquisition in over a decade, CEO Greg Carmichael is pushing ahead on tech hires and expansion outside its Midwestern core.

The British startup OakNorth sees U.S. community and regional banks as good prospects for its lending technology.

Money managers, which are critical to the success of State Street and Northern Trust, are aggressively moving cash into higher-rate products.

The Raleigh, N.C.-based institution said it also has more than 500 employees.