Banking

Avidia Bank in Massachusetts collaborated with Exhibit 'A' Brewing to produce and sell an IPA as part of a plan to boost marketing to small businesses and millennials.

Citi and other banks are investing in automation aimed at speeding up the old-fashioned process for institutional clients' receivables and payables.

The Birmingham, Ala., bank also saw lending decline in the quarter as strategic reductions in certain business lending lines offset gains in C&I and consumer.

That helped push total lending growth to 4% and contributed to strong second-quarter earnings at the Providence, R.I., company.

The company will no longer originate indirect auto loans outside of Florida and Georgia.

Texas Credit Union Commissioner Harold E. Feeney plans to retire at the end of this year.

The agency’s consumer complaints database must remain available to the public to help prevent further abuses.

Yet margin improvement proved to be the decisive factor in a strong quarter in which total lending was flat.

Kathy Kraninger emerges “unscathed” in testy Senate confirmation hearing; the bank is reportedly refunding money it charged customers for add-on services.

The information you need to start your day, from PaymentsSource and around the Web. Today: Hong Kong embraces open banking; Mastercard gets a environmental nod; A bot to fight crime; Contactless donations helps the homeless.

Starbucks achieved rapid adoption of its mobile card app by building it on top of the highly successful Starbucks closed-loop gift card. Such a model could also apply to the cannabis market, which is largely shunned by mainstream banks and card networks.

Credit card and auto loans grew again in the second quarter at the McLean, Va., company, and the net charge-off rates of both business lines fell, too.

To improve videoconferencing adoption, banks are advised to focus on one particular group of clients.

The bank had numerous warnings that there could be severe regulatory consequences related to deceptively advertised add-on products. It is paying the price for failing to do more in response.

The bank announced plans to open 100 to 125 branches in fast-growing cities across the Southeast, and will close an equal number in the Midwest. In a way, it's finishing a plan it cooked up nearly two decades ago.

Brentwood Bank’s purchase of Union Building and Loan would give it a larger presence around the Steel City.

The nominee to run the consumer bureau endured tough questioning over the administration’s family-separation policy but appeared to weather the barrage.

The bureau determined that Triton Management Group had unfairly charged Mississippi consumers excess interest in violation of state law.

The growing asset-backed securities market could soon open up new opportunities for your credit union.

The Los Angeles company, which focuses on Korean-Americans, aims to raise $50 million.