Banking

A group of state regulators has signed off on 14 recommendations, developed by the fintech industry, aimed at streamlining multistate licensing and supervision.

JPMorgan is prototyping its own digital currency to be used for cross-border payments and, later, other purposes. Will banks find this a palatable alternative to today's most well-known options?

Criticism of the National Credit Union Administration is unwarranted given the myriad of abuses banks commit.

While proponents contend the model could help reach the underbanked, there remain many arguments against it.

Regulators should clarify rules around deposit-advance products so that banks can serve consumers seeking short-term loans, like those affected by the recent partial closing of the government.

Since the collapse of IndyMac in 2008, the agency has frequently helped to shield depositors over the $250,000 insurance limit from losses. But it’s a policy that was never formalized, and it remains to be seen whether the agency’s new head, Jelena McWilliams, will follow it.

The time regulators take to decide on prospective deals has dropped sharply; a report says the cyberthieves were looking for info to help recruit spies.

Barclays, BMO, Citibank, Goldman Sachs and ING contributed to the online student lender, which last year made over $1 billion in loans.

The information you need to start your day, from PaymentsSource and around the Web. Today: Ant agrees to WorldFirst deal; Kroger ups its mobile technology; Sony adds watch upgrade; Starling Bank raises funds for new accounts; DLT moves foward in Italy.

Banks may soon have to account for the effect of payment and online banking outages on their customers' bottom lines, writes Iris Zarecki, vice president of marketing at Continuity Software.

Now the organizers of American Bank & Trust must raise $20 million to open the state's first new bank since the financial crisis.

Banks and credit unions are experimenting with ways to maximize margins in an environment where the yield curve is flat, depositors want them to pay up and they fear the Fed could actually cut rates.

Members of both parties want to make it easier for legal cannabis businesses to access financial services, but myriad obstacles stand in the way of that goal.

The biggest merger in years is reviving the idea that the industry is headed for a barbell-like shakeout, with very large banks on one end, community banks on the other and very few in between.

The top Republican and Democrat on the Senate Banking Committee are asking for stakeholders to weigh in on data collection issues as lawmakers consider legislative responses to recent breaches.

It often takes an underlying development, such as a major executive change or the launch of a new product or partnership to excite investors, but Diebold Nixdorf stock prices jumped Wednesday in the wake of a solid, but not outstanding, fourth quarter earnings report.

A MAPS Credit Union executive told the House Financial Services Committee her institution is proof credit unions and banks can safely serve the legal weed space.

The New Jersey bank said it will save millions of dollars by eliminating the jobs as well as selling and leasing back some of its real estate.

Solomon says he expects 2020 presidential aspirants to target banks; corporate human resources’ predictable revenue attracting investment banks’ attention.

The information you need to start your day, from PaymentsSource and around the Web. Today: Walmart loses a delivery partner; Bill.com opens a new office; Jack Dorsey talks up bitcoin; Swiggy's big expansion.