Banking

The U.S. fintech hopes its service will help encourage financial inclusion in Mexico, where 65 percent of the population is in the informal economy.

The year saw anxiety over how banks would respond to record consumer debt, disruptive glitches at TD Bank and SunTrust, ongoing scandal at Wells Fargo, and much, much more.

James McLemore, one of our community bankers to watch in 2019, has more energy loans to purge and must exit the Small Business Lending fund and a BSA-related enforcement action.

Both sides acknowledge where expectations haven't been met, and are feeling the same market pressures to adapt faster.

A state-backed bank would not be financially feasible because capital requirements would be too high and it likely wouldn’t return profits to the state for at least 30 years, consultants concluded.

Both sides acknowledge where expectations haven't been met, and are feeling the same market pressures to adapt faster.

The cost of Wells Fargo's scandals continues to rise as regulators from all 50 states forced the institution to pay hundreds of millions in penalties for the creation of fake accounts, improper enrollment in life insurance, force-placed auto insurance policies and other activities.

The branch closures will reduce overhead by an estimated $1.9 million a year.

JPMorgan Chase’s planned expansion into more than a dozen new markets threatens community banks and larger institutions alike.

The information you need to start your day, from PaymentsSource and around the Web: subscription startup raises millions; scam Alexa app; drone delivery backlash; and more.

HarborOne Bancorp — led by James Blake, one of our five community bankers to watch in 2019 — is a former credit union that recently made its first bank acquisition and has Boston and other markets in its sights.

The state has expanded the scope of ongoing legal actions against Avant and Marlette to include several securitization trusts and trustees.

A pair of studies released Thursday show consumers once again added to their debt burden during the holiday season even as they admit to needing more financial education.

Rushing to copy the Amazon experience, banks and fintechs are focused on simplifying financial services online. A Georgia Tech researcher says that approach is risky.

A bipartisan bill stirring in the Senate would prohibit lenders from mailing unsolicited checks that can immediately be converted into high-interest loans. Consumer groups call the loans predatory, but lenders say they are a lifeline for cash-strapped households.

Through a unique partnership, Nutmeg State Financial Credit Union offers DMV services at two of its locations. So far the results have showcased the power of technology.

As more states permit medical or recreational use, and legal uncertainty persists at the federal level, CUs' decision whether to do business with marijuana firms is trickier than ever.

The information you need to start your day, from PaymentsSource and around the Web: India limits foreign e-commerce; Alexa takes a holiday; Apple faces patent issues; and more.

The pressure is on CEO Christopher Myers, one of our community bankers to watch, to make the most of CVB Financial's biggest acquisition to date.

Investors are spooked by banks' exposure to oil and other sectors threatened by a global slowdown as well as by policy uncertainties, but banks argue credit quality is strong and recession fears are exaggerated.