Banking

While the looming loan-loss accounting standard has been criticized for its complexity and the potential cost to implement, some advocates believe it could also lead to better pricing decisions and improve communication within a bank.

Interactive teller machines and other solutions are helping credit unions improve service for members whose primary language is not English.

While Workers United will no longer own more than half of Amalgamated's stock, it will remain the bank's biggest investor.

Facebook is seeking customer data from big banks. Executives say it's not clear what the benefit would be, but the drawbacks are easy to tally.

Montana Sen. Jon Tester was among a handful of Democrats central to passing regulatory relief this spring. Bankers need to back his re-election regardless of party affiliation.

The Massachusetts-based CU says membership growth has accelerated to 7.4 percent.

U.S. authorities are forced to take action on some shady dealings up north; the Systemic Risk Council says weaker capital rules could deflate bank equity.

The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon adds pickup to Whole Foods; Canadians like the no-cashier concept; Ant makes a move into Africa; Fossil adopts wearable payments.

The online lender’s president, Steve Allocca, shares how the company weathered scandal and hints at future plans to grow its product set.

Gateway Mortgage's owners plan to merge the mortgage lender into Farmers Exchange Bank.

While most acquirers are content to let cost savings trickle down to the bottom line, WSFS will use the purchase of Beneficial to reinvent itself.

Forty credit unions participated in the study, which led to nearly $85 million in loans over the course of 18 months.

While a significant amount of press has been made about providing faster access to payments for Uber and Lyft drivers, as well as workers in the gig economy, there is an underserved community of millions of Americans who work in low-wage jobs living paycheck to paycheck.

The onset of artificial intelligence and machine learning could serve as the safety net some companies need, providing a different and more thorough twist on traditional underwriting and credit checks.

The Delaware company plans to reinvest savings from the $1.5 billion acquisition to upgrade technology and delivery channels.

The company says several banks and credit card issuers are interested in data sharing; rates may go even higher when corporate borrowers need to refinance.

The information you need to start your day, from PaymentsSource and around the Web. Today: Microsoft adds Masterpass; A global fintech sandbox takes shape; Shaq invests in gig economy app; Fast EMV processing gets faster; Blockchain tackles mobile payments.

The marketplace lender recorded an impairment charge tied to the acquisition of a specialty lending business and is still being hit with costs stemming from the scandal that toppled its previous CEO.

There’s much for banks to like — and for consumer advocates to dislike — in a report on the industry's overdraft policies released Tuesday by the Center for Responsible Lending.

The former Trump campaign chair got $16 million in mortgages from The Federal Savings Bank. His trial is shedding new light on what the bank's CEO allegedly received in return.