Banking

The information you need to start your day, from PaymentsSource and around the Web: Face ID fare payments; Amex's business model; MoviePass' leadership woes; and more.

The 2020 presidential hopeful removed the contentious provision from a previous version of the bill that had won praise from bankers but sparked fierce opposition from credit unions.

Flourish, a fund backed by Pierre and Pam Omidyar, invests in startups that address social and financial inequities yet (key caveat) are still promising moneymakers, a top official of the fund explains.

A new line of inquiry into President Trump's business dealings is thrusting small New Jersey lender Investors Bancorp into a spotlight with Deutsche Bank, which for years has been better known as the real estate mogul's creditor of choice.

The Connecticut bank, which has been unable to complete a pending deal for an SBA platform, has managed to build the business anyway.

Tech giants have been experimenting with blockchain technologies for years, and while they haven’t displaced banks, there’s still cause for concern.

The nation's largest bank plans to open 90 new branches in new cities this year while continuing its expansion in the Philadelphia, Boston and Washington markets.

The OCC says it is “disappointed” with the bank as CEO Tim Sloan gets lambasted on Capitol Hill; Goldman Sachs is letting private investors participate in its in-house special-situations unit.

The information you need to start your day, from PaymentsSource and around the Web: Chipotle's recipe for Venmo; PayPal's investment; new ATM scam; and more.

The digital lender and payments platform is tailoring its affinity banking services for a new market.

In a tense back and forth with lawmakers, the embattled CEO pushed back on claims that the bank still pressures employees to hit sales targets and retaliates against those who speak up.

Shari Van Cleave, head of digital labs at the bank, discusses customer-facing technology it's testing, including wearables and the so-called internet of things.

The bureau's director, Kathy Kraninger, faced a barrage of criticism from Senate Democrats on the agency's lack of enforcement actions, a reversal on Military Lending Act examinations and changes to the payday loans rule.

Big bank mergers have historically been a catalyst for startups. Experts say it could happen again.

Loyal Trust Bank will have a large number of Asian-American investors and board members.

While the OCC has led the charge on modernizing the Community Reinvestment Act, Gov. Lael Brainard gave a rundown of new ideas under discussion — from updating assessment boundaries to a comprehensive community development test.

Paper's costly, and also error prone. Yet most invoices are still paper-based, writes Art Sarno, product marketing manager for Kofax.

The FDIC should consider limiting its toughest restrictions on brokered deposits to problem banks.

The Credit Union National Association is tackling a range of challenges during its Governmental Affairs Conference this week in Washington, D.C.

Credit unions need to be thinking about pressure on net interest margins and declining revenues.