Banking

Financial institutions that participate in state-administered EBT programs have a unique opportunity to put more money in the pockets of the nation’s neediest by eliminating surcharge fees on their ATMs, writes Kim Bynan, a senior vice president at FIS.

The online lending industry has turned to the courts, Congress and now federal banking agencies in an effort, thus far fruitless, to blunt the impact of a 2015 appeals court ruling.

Recent remarks from top officials at the FDIC and Fed suggest the agencies' recent impasse over reforming the Community Reinvestment Act may be ending.

First-term Rep. Rashida Tlaib, D-Mich., has sponsored the Prevent Discrimination in Auto Insurance Act in order to prevent “undue burden” on low-income individuals seeking auto insurance.

The companies could bring something new, such as merchant acquiring to community banks, but their merger could also cause anxiety about giant vendors.

Congress granted banks significant reg relief last year, but incoming ICBA Chairman Preston Kennedy says a lighter touch is needed with Bank Secrecy Act rules, loan-loss modeling and call reports.

Recent data from the National Credit Union Administration breaks down which states surged and which states struggled in 2018.

The Federal Housing Administration is returning to manual reviews of higher-risk loans it insures because it's finding that a growing share have lower credit scores, higher debt-to-income ratios, or both.

On Dec. 31, 2018. Dollars in thousands.

On Dec. 31, 2018. Dollars in thousands.

The $35 billion deal could create "a global payments giant"; with the number of community banks dropping as low as 5,477, it may be time for new ones.

The information you need to start your day, from PaymentsSource and around the Web. Today: FIS agrees to Worldpay deal; E-commerce sites hit with malware; Apple launches ad campaign; Reporter demos payment chip.

The federal government's more active role in GDP, payroll and other vital statistics produced by the island could hasten its recovery from Hurricane Maria and lift lending and bank valuations at the same time.

Mechanics, owned by a fund tied to investor Gerald J. Ford, will pay $2 billion for Rabobank in California.

PricewaterhouseCoopers settled a lawsuit in which the FDIC accused it of negligence in its role as external auditor for Colonial Bank. But FDIC board member Martin Gruenberg objected because the firm did not accept blame.

CULedger and the computing giant will work to develop blockchain technologies, create new products and improve existing ones.

Industry lawyers say the agency’s decision could have implications for other bankers looking to change jobs.

A proactive and preventive security strategy will go a long way to building consumer trust and ensuring continued loyalty, writes Maria Allen, global head of financial services for Unisys.

A partnership between TDECU and a Texas-based fintech will help provide payment plans for consumers struggling to pay legal fees.

The California banking company has two loans tied to DC Solar that are on nonaccrual status.