Banking

The industry cheered the bureau’s proposed repeal of its ability-to-repay requirement, but another part of the rule — on account debit restrictions — was left intact, and some companies aren’t ready to comply.

Several megabanks have sued the National Credit Union Administration claiming breach of settlement in a previous case related to mortgage-backed securities, but trends may favor the agency.

Concerns about an economic slowdown, rising deposit prices and cybersecurity abound, a survey found.

Brick-and-mortar retail isn’t dead yet. Though the trend of retailers closing stores in the face of stiff competition from e-merchants is certainly troubling to commercial real estate lenders, it would be a mistake to conclude that all retail loans are risky. Here's a look at which ones are the safest and, potentially, the scariest.

The former credit union will shed its mutual status when it becomes a fully stock-owned company.

The personnel changes are part of a broader shift to boost personal banking at the Chicago bank as commercial banking has typically outpaced retail.

The Atlanta company, which reported fourth-quarter results Tuesday, said that the lending partnership with American Express will launch in Atlanta, Chicago, Dallas, Los Angeles and Dallas within the next 60 days.

Kelly Skalicky has succeeded her father as CEO of the Minnesota bank.

Senate Democrats are pushing the CFPB to resume examinations under the Military Lending Act, according to a letter sent to the agency's director on Tuesday.

Vince Liuzzi previously served as chief banking officer at DNB First in Pennsylvania.

Criminals are inventing new ways to hide dirty money amid transactions for digital goods bought and sold on everything from Amazon to game-app sites. Banks need to wake up to the threat, says Ben Duranske, Facebook Payments' former compliance chief.

Jared Wolff, a former PacWest executive, had been the general counsel at City National Bank.

The company will open its first office in Iowa after buying the business from Bankers Trust.

Gulf Atlantic Bank would be the eighth bank in the market, and just the second with local ownership.

The Illinois-based credit union has broadened its field of membership to include two Missouri counties and issued another dividend.

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

U.S. credit card debt hit $870 billion — the largest amount ever — as of Dec. 31, according to data from the Federal Reserve. Credit card balances rose by $26 billion from the prior quarter.

The decision shows how hard it is to prosecute an individual banker; reports say Nordea, the Nordic area’s largest bank, handled suspicious transactions.

The information you need to start your day, from PaymentsSource and around the Web. Today: Sam's Club extends scanning technology; New York subways replace newstands with vending machines; W3C and FIDO finish authentication specification; Programmers use radio waves to make cryptocurrency payment.

The industry cheered the bureau’s proposed repeal of its ability-to-repay requirement, but another part of the rule — on account debit restrictions — was left intact, and some companies aren’t ready to comply.