Banking

The information you need to start your day, from PaymentsSource and around the Web. Today: Contactless scores at the World Cup; Square's Caviar offers health insurance for drivers; Mastercard's CEO slams cryptocurrency; A new mobile app threat emerges.

Readers respond to Mulvaney's changes to the CFPB's consumer board, weigh a proposal regarding fair lending, react to adoption of pot banking regtech and more.

The California company also benefited from higher interest rates and double-digit loan growth.

The credit union plans to retain all employees of Oculina Bank, whose CEO says the merger will allow Oculina branches to provide more products and services.

The person-to-person network also saw $28 billion in payments in the quarter and it added more bank members.

The Vatican's recent criticism of credit default swaps is reigniting a debate about the use of such financial products.

A smaller tax bill and a double-digit growth in card loans offset weakening credit quality at the Riverwoods, Ill., company.

Organizers of Dogwood State Bank want to open Raleigh's first new bank since the financial crisis.

Wells Fargo is considering a sale of commercial real estate broker Eastdil Secured, according to a person briefed on the matter.

Richwood Bancshares will get closer to $1 billion in assets after it buys Home City Financial.

Veritex will take advantage of accounting rules in its deal for Green Bancorp, a larger bank with lingering energy exposure.

The Detroit company is facing stiffer competition in the battle for online deposits, but it has benefited from a key rival's retreat in auto lending

The San Antonio company also kept a lid on expenses in the second quarter, further boosting its bottom line.

While U.S. machines migrate to EMV, there's a mix of physical security and software that can mitigate the mounting security risk, according to Mark D. Smith, director of business development for MVP Financial Equipment.

The Oklahoma bank’s net charge-offs were its second-highest in the last five quarters, but the company said it was confident in its credit quality outlook and growth prospects from a pending acquisition.

The North Carolina regional will pay $30 million for the much-smaller Palmetto Heritage Bancshares.

Shemara Wikramanayake’s appointment is termed a “landmark”; the company’s stock falls 3% despite a 28% earnings increase.

The information you need to start your day, from PaymentsSource and around the Web. Today: Square helps merchants fight chargebacks; Paytm's in the middle of political disputes; Air Canada tries to buy back Aeroplan; Coinbase intros crypto gift cards.

The company will pay $191 million for Skagit Bancorp, a deposit-rich bank in Washington's North Sound region.

The $54 million purchase of Pilgrim Bancshares will give Hometown branches in western, central and eastern Massachusetts.