Banking

Everything from fintechs to Amazon are threatening the financial services industry. Credit unions need a plan in place to keep up.

Loans to house flippers dropped 11% in the third quarter, indicating "possible turbulence;" the German bank may have allowed some clients to claim tax credits on stock they didn't own.

The information you need to start your day, from PaymentsSource and around the Web. Today: Mastercard's seeking a blockchain anonymity patent; Wearables advance in Russia; GDPR compliance may hit a snag; Open banking takes shape in the Middle East.

The regulatory agencies are the last word on an exemption from the proprietary trading ban, and there are no signs they will expand it beyond small institutions.

It’s still primarily a commercial bank, but the branding campaign — CIT’s first in a dozen years — is designed to appeal to the group driving its torrid deposit growth: retail savers.

CU*Answers is working with VantageScore, and now its institutions will be able to get additional information on members' credit history.

Blockchain backers concede the hype is turning off bankers; Mulvaney's CFPB name change could cost industry millions of dollars; the one banking bill Congress might actually pass next term; and more from this week's most-read stories.

The New Jersey bank is offering fintechs ways to stay compliant with consumer protection regulations.

The structure of Citigroup's newly combined investment banking and capital markets division is becoming clearer, with the appointment John Chirico and Kevin Cox as co-heads of the business for North America.

The regional bank is working with customers to help develop and launch new products, including a small-business credit card.

The New Jersey company terminated an acquisition after being hit with the order in 2016.

The company has agreed to by $145 million for Bridgeview Bancorp.

A recent report – supported by the National Council of Postal CUs – says the USPS is ill-equipped to manage the risks involved in offering banking services.

The move means the cap on asset growth may stay in place longer; the German bank reportedly processed 80% of the money laundered through Danske Bank.

The information you need to start your day, from PaymentsSource and around the Web. Today: Venmo partners with Hulu; VC funds go to e-payments in Mexico; Wirecard expands airline biz in Europe; Cryptocurrency fraud spikes in Japan.

The banking subsidiary of the Bloomington, Ill., insurer must stop providing inaccurate information to the credit bureaus under a consent order.

Executives urged the consumer bureau at a public meeting to keep a closer eye on artificial intelligence innovations developed by fintech firms that are subject to less regulation.

Many banks remain wary of student loans given the government's dominance in the market, but some fintechs see untapped potential.

According to data from the NCUA, the industry had double-digit increases in several key metrics even as the number of institutions continued to decline.

An eight-month-old consent order appears to be forcing the San Francisco bank to grapple more deeply than it did previously with the many failures that led to its account-opening scandal.