Banking

Readers weigh in on the Consumer Financial Protection Bureau's payday rule, consider the gender wage gap in banking, debate restrictions to membership at the Federal Home Loan banks and more.

The Pennsylvania company said it expects the digital bank to become profitable by the end of this year.

An improved net interest margin helped offset a slight decrease in fee income at the Wisconsin company.

The Lake Mary, Fla., credit union has agreed to buy Fidelity Bank of Florida, which the SBA designated as a certified lender in 2017.

With SBA lending at a standstill, many small businesses can't access the capital they need to create and retain jobs, Stephen Steinour says.

Spring Labs is spearheading a group of prominent fintech lenders to use a blockchain-based, peer-to-peer network to share consumer information to help with ID verification on loan applications.

Three groups in North Carolina have scrapped plans to start banks because of difficulty raising capital, among other reasons.

Wells Fargo named Steve Troutner head of the community bank's U.S. Western region, one of the unit's most senior outside hires since a scandal over bogus accounts erupted more than two years ago.

U.S. Commerce Secretary Wilbur Ross said unpaid federal workers could borrow to tide themselves over during the government shutdown rather than call in sick to earn a paycheck elsewhere.

The Dallas company boosted its loan-loss provision in the fourth quarter to cover deteriorating leveraged loans, causing it to miss profit estimates.

The surge in new lending at the Pasadena, Calif., company offset rising deposit costs and sluggish fee-income growth.

The bank says regulators want information about its possible role in the money laundering scandal; Kristi Mitchem moves to BMO Global Asset Management.

The information you need to start your day, from PaymentsSource and around the Web. Today: PayPal CEO's not a fan of bitcoin for payments; New tech for cryptocurrency ID; Apple Pay's new ad campaign; New Hampshire may allow crypto for tax payments.

When a Columbia University professor surveyed 1,000 payday loan customers, little did he know that the resulting research report would become a lightning rod in the drafting of rules for small-dollar lenders.

The New York company will add $504 million of asset-based and equipment finance loans as part of the acquisition.

The Boston company reported a quarterly profit despite special charges, mortgage headwinds and lost SBA revenue tied to the partial government shutdown.

Bank First's deal for Partnership is the third Wisconsin bank merger announced this week.

Mexico's Senate leader Ricardo Monreal said he'll seek a vote on his bill cutting bank fees in the spring session starting next month.

Industry groups and lawmakers have joined bankers in insisting the agency develop a plan to resolve the paperwork problem before the partial government shutdown ends.

Double-digit gains in net interest income more than offset sluggish growth in fee income at the Salt Lake City company.