Banking

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.

Merchants has agreed to buy NattyMac, a company it has been in business with since 2014.

Men on Wall Street take a cue from Vice President Mike Pence in refusing to dine one-on-one with women; Coinbase adds fertility benefits; and the CFPB has a new leader. Plus, Bank of America's Katy Knox gets promoted.

The agency's request for comment about the deposit insurance application process is among a series of actions aimed at streamlining charter applications.

Not only did cardholders buy more in the days surrounding Black Friday, but more consumers completed digital transactions.

The regulations for legal cannabis are slowly loosening, but whether they have loosened enough to support a “normal” online shopping experience in the U.S. is being put to the test by a new mashup of digital ordering and payment tools.

The legislation would ban legal clauses that force small-business borrowers to give up their right to court proceedings before obtaining a loan.

Sunrise Banks in Minnesota, which has a mission of helping underserved communities, also provides compliance services to fintechs with a similar mission.

A pipeline of new banks is critical to the long-term health of the industry and communities across the country, argues FDIC Chairman Jelena McWilliams.

Organizers of Community Bank of the Carolinas still need to raise $25 million and secure approval from the state's banking commissioner.

The Massachusetts bank has offered wealth management services in the state for several years.

This may be “the first wave” of managers being held accountable for the phony accounts scandal; high prices discouraging cross-border acquisitions.