Banking

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.

The credit union service organization has added 20 new owners this year and has reached its maximum number of shareholders.

Bret Weekses, CEO of eDoc Innovations, will take the helm at the Utah-based CUSO next month.

From branch networks to technology and cybersecurity concerns, there's plenty to keep leaders of CDFIs and small CUs awake at night.

The Florida bank set aside much less money to cover soured medallion loans in the third quarter, and total loans rose more than 7%.

Bank Independent in Alabama is the latest small bank to start using Alexa, though implementation costs and security concerns continue to hold others back.

The change comes two months after the bank was spun off from its Venezuelan parent company.

Cash Express LLC allegedly sent customers threats of legal action even though the time for taking legal action had expired.

For hackers, ATMs serve as “welcome mats” for company networks where much customer information is stored, writes Eric Crabtree, vice president and global head of financial services for Unisys.

Orrstown will pay $59 million in cash and stock to gain seven branches and $409 million in deposits.

Strong growth in the bank's core business of multifamily lending was offset by higher rates it paid on CDs and borrowed funds.