Banking

Chicago Deferred Exchange, which helps clients defer tax hits from property sales, had about $1 billion in deposit flows this year.

The Albany, N.Y., institution has made millions of dollars in mortgages through a program launched in July meant for those who do good in the world.

Malaysia files criminal charges against Goldman Sachs over 1MDB; Wall Street banks hit by market volatility while small banks face margin compression.

The information you need to start your day, from PaymentsSource and around the Web. Today: Starbucks expands its deal with UberEats; Russia's Sberbank supports QR codes for payments; Nordic software comany Ervy picks up payment contracts; Sephora adds bitcoin rewards.

If they don't have them in place already, financial services firms need to provide digital budgeting tools, mobile payment and banking services before young consumers flee to other providers, says Chris Koeneman, senior vice president of strategic solutions for MOBI.

Branch acquisitions, once a popular way to scale up in new markets, have started to go by the wayside in the digital age.

Robinhood Financial has rebranded its service, deleted tweets about its launch and scrubbed the page from its website.

The fintech's new products may violate several banking and securities regulations and could mislead the public about the differences between coverage on banking and investment accounts, industry officials say.

David Fearing will take over at Accolade Asset/Liability Advisory Services as Joe Ghammashi retires.

Former CFPB chief Mick Mulvaney had claimed the agency could not supervise firms for Military Lending Act compliance, but lawmakers want his successor to go in a different direction.

Live Oak Bancshares became an SBA juggernaut by making loans, selling them and making more. With economic conditions changing, it is retaining more credits.

Blue Lion Capital said Johnny Guerry, who has sparred with other community banks, will assist in efforts to pressure the Seattle bank to improve its performance or sell itself.

The directory, which will debut next year, should help community banks find potential fintech partners.

The fintech Robinhood did not contact the Securities Investor Protection Corp. to discuss protection for deposits, according to SIPC CEO Stephen Harbeck.

The financial industry is not expecting movement on a lot of legislation given a divided Congress, but one measure is beginning to attract widespread attention.

The alternative is waiting for state and federal regulators to take steps that could disrupt the flow of capital and put some firms out of business.

The San Diego bank has agreed to assume $225 million in deposits at no premium from Modern Woodmen of America, which is shuttering MWABank, its direct bank subsidiary.

The information you need to start your day, from PaymentsSource and around the Web. Today: Big banks win payment contracts in Australia; Revolut gets a banking license; Samsung Pay's on wearables in South Africa; Danske Bank gets open; Bitcoin bomb threat.

Two U.S. senators demand an investigation into the German bank over security, criminal risks; the Treasury has proposed rules to help foreign banks deal with last year’s tax law.

Readers sound off on fintechs entering the student loan market, the FDIC’s brokered deposit rules and a heated debate over the new CFPB leader.