Banking

The financial technology services company leverages credit data.

The bank said the candidate planned to accept money from the medical marijuana industry; the crash in digital currency prices’ long-term consequences.

At the recent CU Leadership Conference in Las Vegas, credit union representatives offered their ideas for the next round of reg relief.

The information you need to start your day, from PaymentsSource and around the Web. Today: Payment outage hits Australia; No cashier store opens in San Francisco; Should contactless limits get higher?: Alipay takes paper out of tax refunds.

Several states pledged to compensate for a slowdown in enforcement at the Consumer Financial Protection Bureau under Mick Mulvaney, but their efforts have been complicated by tight budgets and doubts over whether such initiatives are necessary.

A Florida politician who has run a pro-medical marijuana campaign said Wells Fargo closed her account over her ties to the industry, adding that the incident was an example of the challenges legal cannabis businesses face from the U.S. financial system.

A number of banks have stepped up efforts to lend to residential developers, though they are mindful of missteps made before the financial crisis.

New investor appetite for mortgages over $1 million is motivating more nonbank lenders to offer super jumbo loans, often with weaker credit terms than traditional banks.

CU Evolution aims to start "a movement within the movement" to help credit unions with less than $100 million in assets.

Because the legal cannabis industry is typically considered too high-risk for most banks and payment processors to work with, most technology solutions are designed to duplicate the familiar process of paying by card.

The banking industry has been raising alarms about the growth of a few credit unions, but the critiques ignore the vast size differences between the two sectors and the tremendous growth banks have seen since the crisis.

In a newly created role, Tony Sciarrino will oversee middle-market bankers in more than a dozen offices across California.

The banking industry has been raising alarms about the growth of a few credit unions, but the critiques ignore the vast size differences between the two sectors and the tremendous growth banks have seen since the crisis.

On Mar. 31, 2018. Dollars in thousands.

On Mar. 31, 2018. Dollars in thousands.

On Mar. 31, 2018. Dollars in thousands.

Farmers & Merchants will pay $89 million for the parent of Bank of Geneva.

The bank said it has received subpoenas related to low-income housing tax credits; write-offs of bad credit card debt creep up.

After the National Credit Union Administration asked for comments on proposed revisions and expansions to its Payday Alternative Loan program, credit unions offered their suggestions for how to fix it.

The information you need to start your day, from PaymentsSource and around the Web. Today: A new wallet emerges in China; Monzo draws more investment; Ripple expands its exchange network; Ant Financial expands into health care payments.