Banking

The CUSO will work with AffirmX, which provides compliance and risk management offerings, on product development.

Banks thrive when they invest in their workers as opposed to obsessively tracking the strategies of rival institutions.

Pacific Mercantile and P2Bi are collaborating on a program to help businesses that are not ready for traditional bank financing.

Banks moving past traditional card lending to compete on POS; ; five board members plan to leave before the bank’s May meeting.

The information you need to start your day, from PaymentsSource and around the Web. Today: Paytm starts premium service; RBI fines banks for Swift violations; U.K. government pressured to protect cash; Google offers perks to watch developer ads.

Karen Mills, who led the Small Business Administration from 2009 to 2013, is joining the Eastern Bank spinoff Numerated as an adviser and investor as it tries to bring online-lending technology to community banks.

SalesPhysics was created by industry veterans who once worked at Bank of America.

For years Carter Bank in Virginia had resisted technology of all kinds — even ATMs. But a leadership change, rising rates and a thirst for low-cost deposits finally led to a change in philosophy.

After converting to a mutual savings bank in 2013, the former CU is set to become a fully stock-owned company.

The legislation comes a day before CFPB Director Kathy Kraninger is set to testify to Congress.

Is it realistic to think Wells Fargo might get a new female CEO? How one fintech makes women feel welcome, and how another fosters innovation. Plus some of our Most Powerful Women make big moves – two retire, one jumps from BNY Mellon to Amex, one exits a board and another joins one.

By applying to become an industrial loan company, the fintech would be able to use insured deposit accounts as a cheap source of funding without having to comply with the tough rules banks face.

Under the recently appointed Director Kathy Kraninger, the bureau has the opportunity to address numerous problems with its collection and presentation of consumer grievances.

The Mississippi company will pay more than $200 million for the parent companies of Texas Star Bank and Summit Bank.

The white-shoe firm is relaxing its “stuffy” dress code for a more “flexible” one; the CFPB plans to toughen rules on energy-saving project lenders.

The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon may join Mexico's mobile pay program; Revolut faces another compliance query; Gaming clips company Medal adds payments; Square co-founder Tristan O'Tierney dies.

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.