Banking

The information you need to start your day, from PaymentsSource and around the Web. Today: Cheddar's Scratch Kitchen suffers a breach; Swift's faster pay makes progress; Apple pushes charitable giving to boost mobile pay; Ripple seeks more e-money licenses.

A huge chunk of the profit increase in the second quarter was due to a lower tax rate, but rising net interest margins and loan growth signal that institutions continue to derive revenue from their loan book.

Cheap funding and marketing muscle could give it an advantage over existing lenders, but this corner of the market may not be big enough to move the needle for the bank.

Before the passage of the recent regulatory relief law, only banks with assets of less than $1 billion were on an 18-month exam schedule.

Seacoast readily agreed to buy First Green Bank. The next step is determining which of the seller's programs, including car-charging stations and discounted rates for green projects, to keep.

ATM jackpotting is a growing threat throughout the United States, with thieves attempting to attack the most vulnerable locations possible, according to Paul Albright, executive vice president of Outsource ATM.

Wells Fargo isn't making a political statement, it's following the rules. So goes the bank's response to backlash over terminating a pro-medical marijuana politician's banking relationship because of her advocacy and contributions from industry lobbyists.

The service can be useful for customers short on cash, but financial institutions need to clarify overdraft rules and develop alternative forms of credit.

The company will enter the Iowa cities of Des Moines and Dubuque as part of the $170 million acquisition.

Upgrade, a marketplace lender founded by Laplanche just a few months after he was ousted from LendingClub, has secured more than $100 million in equity capital and says it is poised to offer more consumer credit products.

The 100 dismissals in asset management follow job cuts in other divisions; the agency cites the lack of protections against fraud and market manipulation.

The information you need to start your day, from PaymentsSource and around the Web. Today: Americans keep more funds in PayPal accounts than their wallets; Coins decline in the U.K.; ZenCash changes its name; Coinbase adds payment support.

With a rare central Pacific storm set to bring as much as 20 inches of rain on the Big Island, credit unions across the state are shutting down, following the lead of schools, state employees and more.

What are community banks doing with savings from the corporate tax cut? Several CEOs share how they've put that money to use.

A Maryland-based credit union is suing the nation's largest CUSO in a dispute related to call center services provided by PSCU.

During the recent Online Discovery Conference from CUNA Mutual Group, one analyst offered a series of tips for how credit unions can make the most of lending in a changing interest rate environment.

A heist in India appears to be the very thing U.S. law enforcement had foretold. But banks shouldn't let their guard down, because cybercrooks have raised raids on cash machines to an art form.

Enforcement actions are on the rise despite recent rollbacks of regulations. Fair lending, money laundering compliance and CRA remain focal points for examiners.

Banks should update their online and mobile applications — bigger font sizes, perhaps — to ensure their offerings are accessible to older customers.

The Illinois company will become one of the area's top 10 banks after buying Bank of Edwardsville.