Banking

Year to date Sep. 30, 2018. Dollars in thousands.

Navient Corp. shares surged after Canyon Capital Advisors said it could boost a $3.1 billion takeover offer that was rejected by the student-loan servicer.

The agency’s proposed changes to its standard for small-dollar loans will help ensure underbanked consumers still have access to credit. Concerns about predatory lending are overstated.

Central National Bank rebranded as Stride Bank to move away from a name with overused words.

CEO Corbat says “thousands” of call center jobs may be lost; Barclays shareholder sells all stock in the bank and Deutsche’s biggest slashes its stake.

The information you need to start your day, from PaymentsSource and around the Web. Today: EU fee relief; Girl Scouts add Clover; Facebook posts for blockchain talent; Marriott offers hack info.

Recent data from the Federal Reserve suggests lenders are growing pessimistic about the credit environment. But is that a sign of trouble ahead, or just sound risk management?

The company has agreed to buy Preferred Bancshares in a deal set to close by mid-2019.

The company's expansion into new business lines could help offset recent declines in loan volume.

Flaws in testing may be real source of Wells Fargo's tech failure; BB&T-SunTrust deal throws talent and deposits up for grabs, threatens banking's middle tier; what JPMorgan Chase's JPM Coin means for Ripple and Swift; and more from this week's most-read stories.

"You can't meet customers at the headquarters," CEO Kevin Cummings tells his senior executives.

Credit unions tout their readiness to assist with a variety of life stages, but a loan product for one of the most difficult potential life experiences is virtually nowhere to be found.

HomeStreet Bank will attempt to sell its stand-alone mortgage business and portfolio of servicing rights, a move that comes amid growing pressure from an activist investor to exit home lending and concerns about declining demand and regulatory challenges.

The Small Business Administration should consider partnering with fintechs, which have the capacity to approve loans quickly, to help avoid the kind of application backlog the agency faced after the last government shutdown.

Katrina Skinner is set to take the helm permanently at Safe Harbor Services, a credit union service organization for financial institutions serving the legal marijuana industry.

The JPM Coin will be used to expedite payments transfers for its corporate clients; customers of Spain’s largest retail bank will be able to withdraw cash without entering a PIN.

The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon gains bank support in India; Facial recognition for ATMs in Spain; ATMs are declining in the U.K.; UATP and Conferma Pay offer virtual pay for flights.

They all agree that legislation is needed, but the two approaches being offered are exposing tensions.

The government-sponsored enterprises are going through a transition period. From proposals for rebuilding their capital cushions to tackling shortages in affordable housing, Fannie Mae and Freddie Mac face a number of key challenges with wide-ranging consequences this year.