Banking

New legislation in Iowa that allows banks and credit unions to utilize electronic notaries could help local lenders compete with online competitors.

The Consumer Financial Protection Bureau received over a quarter-million complaints in 2018, according to analysis by an advocacy group that urged the agency to maintain public access to its database.

The deals lets a North Carolina group skip the de novo process. West Town, which sold the bank, will use the funds to support a fast-growing business line.

Housing advocates and Democratic lawmakers want to create more protections for tenants of rent-controlled apartments, but they are facing stiff opposition from property owners and the banks that lend to them.

The bank may end its venture with First Data to work on its own; State Street and BNY Mellon's fee revenue from investor clients and stock prices are down.

The information you need to start your day, from PaymentsSource and around the Web. Today: Swift seeks IT experts; Tencent and Ant get bank licenses in Hong Kong; Google updates security and payment acceptance; Dapps face more regulations.

Readers weigh in on Wells Fargo's latest efforts to mollify regulators, debate the value of a "mini CFPB" in California, consider proposed changes to the Community Reinvestment Act and more.

Heightened regulatory scrutiny and a slowdown in commerce have raised concerns about the viability of doing business along the U.S.-Mexico border.

The Southeastern regional bank said Thursday that it had hired Lee Byrd to a new role dedicated to protecting customers and the company itself from fraud.

Plinqit, led by a former banker, was developed specifically for community banks as a way to appeal to young customers.

Chief Financial Officer Steve App will be succeeded by Bret Edwards, who is now head of the FDIC's division of resolutions and receiverships.

The city, among the Midwest's most vibrant C&I markets, is luring community banks, as well as giants like PNC and JPMorgan Chase.

Expense Wizard uses AI to make it easier to file expense reports, especially for infrequent travelers.

The credit union regulator’s proposal to raise the threshold for commercial appraisals to $1 million could introduce more risk into the financial system, particularly if bank regulators follow suit.

The company said it could use proceeds from selling common and preferred stock to increase lending and add branches.

The coastal city quickly rebounded after being hit by Hurricane Harvey in August 2017.

The proposed merger will create a bank with more than $1 billion in assets.

ECGS urges investors to oust the chairman and three executives; financial companies using AI to help adults manage their elderly parents’ finances.

The information you need to start your day, from PaymentsSource and around the Web. Today: PayPal's high on phishing list; San Francisco outlaws no-cash stores; Facebook changes crypto ad policy; Ransomware hits Baltimore.

The presidential contender’s plan to eliminate more than $1 trillion in student loan debt could have far-reaching implications for credit unions