Banking

The agency wants to change underwriting requirements in the regulation that lenders say will put them out of business, and give companies a break on the compliance deadline.

Amalgamated Bank of New York said it will begin tracking the carbon emissions it is financing through its $3.4 billion loan portfolio, using as a guide the science that would limit global warming to 2 degrees Celsius, which is the goal of the Paris Climate Agreement.

The bank saw value in Ondot Systems’ ability to empower customer analytics in card controls.

ATBancorp had an unusual footprint that included a small bank and a number of fee-based businesses. But it had to slim down before it could find a buyer.

The money manager plans a big expansion in Atlanta; agency makes now rare determination that debt-collection practices were “abusive.”

The information you need to start your day, from PaymentsSource and around the Web:. Today: WeChat Pay expands at airports; Mastercard pushes solar initiative in Uganda; Germany has a su ccessful blockchain pilot; British Airways breach gets larger.

Double-digit gains in card volume offset an uptick in problem loans.

Big banks have plans to open hundreds of branches in new markets to add deposits, but smaller regionals have largely sought to hold the line on costs. Cullen/Frost Bankers' decision to double its branch count in Houston may be a sign that midsize banks are rethinking their retail strategy.

One CEO argues that megabanks aren’t just too big too fail – they’ve failed because they’re too big and lost sight of what's in the interest of consumers.

City National Bank said the foundation will buy houses and hold onto them until the buyer lines up financing.

Deposits topped $100 billion during the quarter while profits climbed 34% thanks to higher loan yields and lower taxes.

State regulators have once again sued the OCC, arguing it lacks legal authority to offer a federal fintech banking charter.

Despite the fervor over mobile wallets and banking, one day consumers may never need to open a dedicated bank or payment app.

Executives offer support to lift investment bankers’ morale; retailer’s move from Synchrony Financial could force card issuers to make concessions.

The information you need to start your day, from PaymentsSource and around the Web. Today: Big financial brands suffer web spoofs; Circle and Coinbase collaborate; NAB, Microsoft build facial-recognition ATM; Clover launches in Canada.

Consumer Financial Protection Agency Acting Director Mick Mulvaney is winding down some of the efforts his predecessor worked hardest on: enforcement of payday and fair lending rules and the Military Lending Act. Reporter Kate Berry shares the latest. 

Despite recriminations about how the crisis and ensuing regulations have tightened loan access, an actual assessment of mortgage credit availability finds the situation is more complicated.

Ballinger National Bank would be renamed Keystone Bank and its headquarters would move to an Austin suburb.

The Federal Reserve is getting more concerned about risks from the leveraged loan market, with a key official saying it's now taking a "closer look" at whether banks are chasing deals without adequately protecting themselves against losses.

Popular's 16% gain in deposits and a recent acquisition bode well for its future even though there has been a major net loss of residents since Hurricane Maria.