Banking

BBVA Compass in Birmingham, Ala., reported 6% increases in loans and revenue, as strength in consumer loans and credit cards offset weakness in fee income.

The CFPB banned online payday lender NDG Financial, three corporate officers and nearly a dozen affiliated companies from lending to consumers in the U.S.

Community banks generally make digital a consumer play, but TransPecos Bank, with its BankMD brand, is focusing on doctor practices, which tend to weather economic downturns well.

Among the lessons David Hijirida learned at the online giant: Companies are often so focused on competitors that they neglect their own customers.

Executives from Ally Financial and Santander Consumer USA gave rosy outlooks about 2019 consumer trends, while other banks that rely less heavily on car lending offered more cautious appraisals.

The Virginia company, which recently bought Access National, will become Atlantic Union Bank later this year.

Lenders are glad the agency worked swiftly through a backlog of paperwork, but they're worried funds will get cut off if the government closes again.

The European Commission says eight unnamed banks operated as a cartel in the €7 trillion eurozone government bond market; authorities detected a 150-foot tunnel leading to a JPMorgan Chase branch in Florida.

The information you need to start your day, from PaymentsSource and around the Web. Today: WorldFirst to stop U.S. transactions; Amazon pulls items in India to comply with new rules; Youth payments startup preps for cashless future; U.S. sandbox expands: Movie ticketing app gets more flexible.

Criminals are going to get smarter, but banks can implement a modern authentication solution to meet unique use cases and security requirements without sacrificing user convenience, writes Mike Byrnes, senior product manager at Entrust Datacard.

Thanks to big tech companies, the business world is moving to third-party platforms, or online marketplaces where buyers pull sellers' products off digital shelves. A growing number of financial institutions — including BBVA, Citi and community banks like Eastern — say they can't afford to sit out the trend.

The regional bank is roughly a third of the way to the 260 workers needed to staff the 25 branches it plans to open there over two years.

Although the credit union industry managed to add more loans and members, lending is expected to grow at just 8 percent this year, according to a recent report.

The new asset-based securities lending unit, based in Charlotte, N.C., will provide warehouse lines of credits to nonbank consumer and commercial lenders.

Gatsby, which has built an app to let novice investors buy puts or calls, has received funding from Barclays, Radius Bank and others. Radius is considering offering the service to its customers.

The combination of their convenient branch networks and strong digital offerings makes large, national banks tough to beat in dispensing financial guidance, consumers say.

The agency is exploring how to reopen small-dollar lending options for banks, but consumer groups are urging it to maintain pricing limits and other controls.

The Louisiana company got more aggressive with credit issues and recorded its final charge tied to addressing a regulatory order.

The information you need to start your day, from PaymentsSource and around the Web. Today: Visa and Mastercard have strong earnings; Indian bank's data exposure; RBS gets sued; Blockchain paper; Discover replaces cards after a breach.

Wells says it's made progress but needs to do more to rebuild trust with customers and regulators; despite rate hikes by the Fed, big banks continue to effectively pay nothing in interest to savings customers.