Banking

Wells Fargo is doubling down on the gun industry, undaunted by criticism of its deep ties to firearm companies and the National Rifle Association.

Russell Cole will take the helm at CUSO Home Lending, succeeding John Reed, who is retiring from the position.

Speaking at an industry conference Thursday, two tech executives and a community banker said that community banks should be allowed to experiment with new products without worrying about running afoul of regulators.

There’s an opportunity for global banks willing to break down the internal silos that stifle good ideas.

The company is offering short-term installment loans to its clients’ customers; even institutions not accused of wrongdoing may pay a price.

The information you need to start your day, from PaymentsSource and around the Web. Today: Grab extends its merchant reach; DoJ accuses Russian hackers of using bitcoin to cover tracks; KKR and Tencent invest in payment technology in the Philippines; Mastercard extends digital pay in South Africa.

In/PACT wants to encourage higher charitable donations by having donors use their banks’ online platforms instead of going directly to the charities.

Barbara Byrne, a lifetime achievement award winner, says the pace of adding diversity to C-suites must increase quickly.

Mack, Wells Fargo's head of consumer banking, shares the story of the listening tour she went on and the bank's path forward.

The Community Bank Sentiment Index, an outgrowth of a yearly survey conducted by the Conference of State Bank Supervisors, is intended to bring attention to market conditions and how they affect small banks' growth prospects.

MiCommunity Bancorp would be the first bank to open in Michigan in 10 years.

The agency alleges that some customers made payments to the e-commerce group even though their accounts had already been sold to third-party debt buyers.

Glassbox, a digital customer management company based in London, allows banks like JPMorgan Chase and Bank of America to use data and analytics to study customers' behavior.

A paper released by the agency’s Center for Financial Research says aspects of someone’s digital footprint — including whether they use Apple or Android — help predict likelihood of default.

In what would be its third acquisition in a year, the company formerly known as BofI Holding is buying a firm that clears trades for independent broker-dealers.

The technology arms race among payment fintechs is converging on the market for credit and loans, with Square rolling out an installment payment option for consumers that complements its merchant capital option for sellers.

Banks may be more focused on implementing the newest or flashiest technologies, but good customer service ensures these initiatives are successful.

The central bank’s top regulatory official discussed how the Fed is using listening sessions in isolated communities to understand the effect of losing the one bank in town.

The 2018 Most Powerful Women in Banking festivities kicked off Wednesday night with cocktails and conversation at the Alley Cat Amateur Theater in New York's Financial District.

Rising wages and savings rates resulted in a decline in past-due payments in the second quarter, the American Bankers Association said in its quarterly report on delinquency trends in consumer lending.