Banking

Current rules developed in the early 1990s were driven more by politics than facts.

The flagship division is on course to miss next year’s financial projections; Investors may be using SOFR swaps as a hedge against expected volatility.

The information you need to start your day, from PaymentsSource and around the Web. Today: Google enhances invoice editing; Consumers may use Apple Pay more with a card; Facebook's hiring more blockchain talent; Researchers spot advanced keylogging.

On Sep. 30, 2018. Dollars in thousands.

Credit unions in Arkansas and Florida argue that allowing the industry to take deposits from cities and other public entities would help with funding and control for risk.

By learning from the struggles that resulted from Wells Fargo’s outages, the rest of the financial world can improve its own disaster recovery plans, writes Todd Matters, chief architect and co-founder of RackWare.

Some fintechs have figured out how to provide international students and immigrants with credit cards and loans. Machine learning makes the underwriting possible.

The National Credit Union Administration liquidated the $21 million-asset institution after determining it was "insolvent with no prospects of restoring viable operations."

The San Francisco-based online lender said that the departures of two prominent board members are not the result of any disagreement with the company.

The board of the Federal Deposit Insurance Corp. on Friday made several proposals meant to simplify post-crisis rules, prompting opposition from its most recent former chairman.

Under the hood of U.S. Bank's new mobile app; BofA, Wells Fargo sour on blockchain; are Fannie and Freddie too big?; and more from this week's most-read stories.

CUSO Financial Services, which was acquired by Atria Wealth Services in 2017, is being sued for allegedly violating FINRA rules.

The Clearing House announced moves to attract community banks and credit unions to its real-time payments system. Smaller depositories have generally been reluctant to sign up with what is seen as a large-bank effort.

Community Bank of the Carolinas must raise about $4 million before becoming the state’s first new bank since the financial crisis.

The proposed rollback of underwriting requirements for small-dollar lenders could redefine a legal doctrine that governs rules affecting other companies as well.

Community and regional banks may not be able to outspend their larger rivals, but they can be more nimble in implementing the necessary culture change.

The bank said it will look outside the company for a replacement; HUD alleges the social media giant allowed real estate firms to target groups in their advertising.

The information you need to start your day, from PaymentsSource and around the Web. Today: Square and Apple Pay go to the ballpark; Government payment gateway draws funds; CoinAcquiring approaches merchants; Movie ticket subscriptions get even more crowded.

On Sep. 30, 2018. Dollars in thousands.

The internet giant's planned gaming service may create an omnichannel model for banks to emulate.