Banking

Thieves stole more than $13 million from an Indian bank just days after an FBI warning; Fed’s special oversight restrictions from 2015 lifted.

The information you need to start your day, from PaymentsSource and around the Web. Today: Google Pay adds more banks; Diebold Nixdorf scores a win in patent fight; Ant dominates Asian fintech investment; California may allow cryptocurrency political donations.

Rep. Emanuel Cleaver, D-Mo., says he is concerned that banks are freezing accounts of customers if they aren't providing citizenship information.

Banks and credit unions — especially smaller ones — are being told to brace themselves for a wave of ATM raids by cybercrooks. Industry officials are uncertain what information the red alert is based on, but experts say swift, sophisticated thefts are very doable.

CUNA Mutual Group Economist Steve Rick is predicting a "mild, moderate recession" in the next few years. Here's how credit unions could be impacted in the run-up to that.

The Federal Reserve had ordered improvements in compliance, board oversight, risk management, capital planning and liquidity risk management that spanned multiple subsidiaries.

Ratings firms and mutual funds are seeing greater value in community banks because of their simplicity and local connections.

BBVA Compass said on Wednesday that it was partnering with the broker-dealer Brean Capital to offer a variety of capital and investment banking services for community banks and correspondent banks.

The FBI and DOJ are looking into what could be one of the largest mortgage frauds since the financial crisis; lawyers for the banks met with the Fed last week.

The information you need to start your day, from PaymentsSource and around the Web. Square improves chip payment time; Ant pursues emerging markets in Africa; Pabst Blue Ribbon intros a card; CBA pushes small biz payments.

Happy Money and Arcus have joined a pack of fintechs and online lenders urging customers to forgo expensive credit card debt, in this case calling it a "sad spend."

The letter from lawmakers to the bureau follows a report that the agency does not view the exams as explicitly required by the law.

But overexpansion, trade wars and escalating wages for drivers could cut the trip short for banks that have aggressively pursued business with large and midsize trucking companies.

With back-to-school season in full swing, credit unions are taking another look at private student loans. Learn about the different ways to get into this business.

The division, created after Sunflower hired lenders away from other banks, will focus on asset-based lending to middle-market companies and investors.

The veteran banking attorney, who also worked at the FDIC and OCC, passed away Tuesday following a battle with cancer.

It's a fickle industry, given the uncertainty over the Affordable Care Act and government reimbursements, but opportunities in lending to medical practices and device manufacturers make it hard to resist, bankers say.

Banks — especially smaller ones — are being told to brace themselves for a wave of ATM raids by cybercrooks. Industry officials are uncertain what information the red alert is based on, but experts say swift, sophisticated thefts are very doable.

The investors initially won the right to sue as a group in 2015 before an appeals court reversed the ruling; the $13 billion lawsuit can now proceed as a class action.

Mark D’Arcy was in charge of regulatory reviews and annual stress tests; many see 10-plus point gains following removal of non-loan collections reports.