Banking

With a permanent director confirmed, the agency should take steps to establish a small-business data collection rule mandated by the Dodd-Frank Act.

The bloc said the company artificially raised interchange fees in Europe; weather changes that increase flood risks may mean defaults on mortgages.

The information you need to start your day, from PaymentsSource and around the Web. Today: eBay faces new investor pressure to sell units; Starbucks Uber Eats deployment picks up speed; PayPal invests in marketing fintech; ING signs deal with R3.

The Florida company's earnings increased after it completed a big acquisition and produced strong year-over-year loan production.

The McLean, Va., company also reported a decline in charge-offs on credit card loans.

CEO Greg Carmichael says the Cincinnati bank will hire bankers in Denver, Dallas and Houston as part of a broader expansion into fast-growing markets that are home to lots of midsize firms. It is also interested in buying more fee-based businesses.

Provident's investment adviser unit will have nearly $3 billion in assets under management after it buys Tirschwell & Loewy.

The shutdown is keeping the agency from approving about 300 loans per day, according to CBA President Richard Hunt.

Smaller institutions are booking loans at a faster clip than bigger lenders, raising concerns that they are relaxing standards in order to win business.

The consent order against California Check Cashing Stores is part of a broader crackdown by the Department of Business Oversight on small-dollar lenders trying to skirt interest rate limits.

The Virginia company cautioned that it expects lending to slow down this year.

Timothy Mayopoulos is back in the mortgage industry, becoming the new president of the digital mortgage technology developer Blend, months after leaving his post as Fannie Mae’s CEO.

The low-cost deposits it gained in its purchase of 52 Wells Fargo branches, combined with higher interest rates, lifted Flagstar's net interest margin.

Large financial institutions need to adopt a new mindset to compete with tech startups, one that allows them to take risks and put aside legacy systems.

The company will pay $93 million for Kinderhook Bank, which has a concentration of branches around Albany.

"I don't and I never would discount the European banks," Citigroup Chief Executive Officer Michael Corbat said in an interview at the World Economic Forum in Davos. "Don't overestimate the U.S. banks' position, and don't underestimate the European banks' position."

The company will top $1 billion in assets after it buys the parent of F&M Bank in Tomah, Wis.

Many government employees are turning to alternative lenders to bridge the gap between paychecks; the average pay at the biggest U.S. banks rose by just 3% last year, well below the CEO rate.

Bathrooms are probably cleaner than automated teller machines at banks and credit unions across the country, according to a new study. Here are some insights on how to protect public health – and your financial institution's image.

The information you need to start your day, from PaymentsSource and around the Web. Today: EU fines Mastercard; Apple Pay gains ground in Spain; Go-Jek invests in fintech; Italy standardizes tourism payments; Content companies face GDPR complaints.