Banking

The bureau had already proposed removing the underwriting portion of the rule, but a judge in Texas has indefinitely delayed the other key component as well.

Alongside identity-document scanning and other ID verification, the two companies are offering real-time checks of lists of suspicious persons. The goal: keep money launderers out of the banking system.

Susan Ehrlich, the fintech lender's new chief, discusses what she learned working at Amazon and Simple and how her firm is approaching consumer loans differently.

State law bars credit unions from accepting deposits from cities, counties and other government entities. Florida banks say it should stay that way unless tax advantages for credit unions are removed, but credit unions counter that banks are trying to stifle competition.

Alan Bergstrom previously served as chief marketing officer for a Wisconsin credit union before taking over at Exclamation Services.

Financial startups are becoming important partners for community banks and credit unions, despite lobbying efforts to limit their growth.

The most popular features of the AI-driven virtual assistant include transaction search and spending alerts.

Shift toward computerized, quantitative trading helps women advance; big bank stocks are on a pace for their worst week since December.

The information you need to start your day, from PaymentsSource and around the Web: Apple acquisition; Facebook security woes; Square courts crypto; and more.

Rising waters in the Cornhusker State have already caused in excess of $1 billion in damages.

J.D. Power found that customers who have a variety of accounts with an online-only bank are far more satisfied than those with just checking or savings accounts.

Simple math only partly explains why smaller lenders are adding commercial and industrial loans at a faster clip than their larger counterparts.

CU Sol, LLC is the result of a collaboration between credit unions in Albuquerque and Guam.

The changes will expand the role of the Consumer Advisory Board and other panels, but stopped short of reversing the downsizing ordered last year by former acting Director Mick Mulvaney.

Trying to keep pace with big banks that digitize as many processes as possible will undercut community banks’ strengths, according to speakers at this year’s ICBA convention.

Credit union clients of CMS will be able to make securities transactions without commissions.

Paul, one of American Banker's Community Bankers of the Year in 2012, made Eagle a formidable Washington-area institution.

Direct lenders are gearing up for more business in the U.K. as they see banks shrinking their sterling corporate loan books in the wake of Brexit-linked volatility and slower economic growth.

The Swiss bank’s CEO calls the trading environment “one of the worst in recent history”; 10,000 of German bank's U.S. employees fret over their future.

The information you need to start your day, from PaymentsSource and around the Web: Amazon signs with Worldpay; new phishing trends; Google Pay grows; and more.