Banking

Shamir Karkal’s startup, Sila, is launching an API platform that gives developers a way to connect traditional bank systems to distributed ledgers like Ethereum.

A broad bill that amends the Controlled Substances Act to formally recognize state laws legalizing marijuana has the support of the financial services industry.

The company plans to use the new capital to pursue growth opportunities.

System breaches similar to events at Equifax and Marriott could just as easily happen to credit unions, leading Mastercard and the credit union service organization, PSCU, to take protective measures.

Bank managers should remember their roots and keep their hands in business development, even as they climb the ranks.

Alliance Bank Central Texas may have found a way around National Credit Union Administration regulations that make it difficult for banks to buy credit unions.

The Montana company agreed to buy Heritage Bancorp for $241 million.

Wells Fargo said holders of its student cards will see their costs decline by about half as its expands benefits after drawing scrutiny earlier this year for high fees on college campuses.

Publicly traded banks will have to book expected losses on loans starting next year; the jump in mortgage refinancings could be a mixed bag for banks.

The information you need to start your day, from PaymentsSource and around the Web. Today: Apple Pay jumps in Australia; Blockchain advances for health care payments; A new DLT group in Europe; Facebook suffers another security vulnerability.

On Sep. 30, 2018. Dollars in thousands

The Earnin app appears designed to look like other early wage access programs, but critics say it’s actually a payday lender and New York regulators have taken notice.

The first quarter proved sluggish for overall merger activity. Here are notable deals announced in March.

Bonnie Lee will succeed C.G. Kum, who is retiring as CEO next month.

A bill recently introduced in the California state assembly would create a framework for local governments to set up their own taxpayer-owned banks. It’s more specific than other public-bank proposals, which raised more questions than they answered, but still faces long odds.

The Silicon Valley-based fintech, which recently announced a new partnership with Walmart, plans to add hundreds of new workers this year.

In successive speeches, Joseph Otting and Jelena McWilliams expressed hope for a Community Reinvestment Act rule by early next year, and also said regulators should align their small-dollar lending policies.

Lenders argue that the move is premature, citing record-low charge-offs in the agency's 7(a) program.

Rates have risen, car prices are up and sales are expected to drop by nearly a half-million units this year, but institutions can take steps to ensure minimal impact.

Firm “hopes to crowdsource new uses for” its pricing and analysis system; the system could be put on a device and used anywhere to cut down on fraud.