Banking

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There is space for banks to enter a market they largely ignore, according to William Phelan, president of PayNet.

Judy Long, president of First Citizens National Bank in Dyersburg, Tenn., launched the Smart Women financial literacy program after seeing female customers struggle with managing their finances.

The Detroit bank wants to focus on its core business instead, but other institutions have seen rapid growth in loans for recreational vehicles and other large pieces of transportation equipment.

Santander Bank said Wednesday that the OCC had terminated a 2015 consent order related to an identity protection product. It is one of several regulatory headaches the bank and its parent company have resolved lately.

The company said it could use proceeds to fund organic growth or acquisitions.

Credit unions face a delicate balancing act in their technological initiatives, including satisfying members, navigating vendor contracts and more.

Financial institutions need to ask more direct questions about when — if ever — their existing customers like to use mobile banking and when they want human help.

The LendingClub founder responded to being booted from his company by starting a new one with involvement from former investors — and a loan buyer he had supposedly wronged.

The country’s largest banks, and even some lawmakers, are calling on the banking agencies to roll back requirements imposed after the financial crisis. But that puts the economy at grave risk.

The storm dropped record rainfall on the Big Island, leaving one credit union with as much as two feet of water in its basement.

SWNB Bancorp was unable to secure enough votes to back its proposed sale to Hanmi Financial.

OCC proposal would broaden the types of loans that would count toward CRA obligations; new law helps parents freeze accounts of minors.

The information you need to start your day, from PaymentsSource and around the Web. Today: Buffett investor takes a seat on Paytm's board; Xoom's network gets larger; Glint preps for U.S. launch; Alipay checks on rice authenticity; Modo and Etihad partner on loyalty.

Digital banks dispute the notion that they can skimp on customer service because millennials are only shopping for low fees and high savings rates.

The new rule will raise the asset threshold for firms eligible for the Small Bank Holding Company and Savings and Loan Holding Company Policy Statement.

The company said that Michael Segner had also succeeded Stephen Mourlam as its president.

Richard Murray IV was named chairman, succeeding John Holcomb III. Murray replaced Holcomb as CEO last year.

The partner credit unions will collaborate with the CUSO to create custom investment programs for their memberships.

Bank of Montreal set a profit record for its U.S. business, thanks in part to Donald Trump's tax cuts and lower provisions for bad loans.