Banking

About 15% of Walmart’s workforce is budgeting and taking pay advances through the app.

Debates on the issue often focus on how lending decisions affect certain demographic groups, but those analyses tend to ignore an important factor: default rates.

An uptick in lending helped to offset declines in both service charges and mortgage banking fees at the Cincinnati company.

The Cleveland company reported higher investment banking income and kept many expense items in check during the second quarter.

The Fort Worth, Texas, company will be competing in a segment of the U.S. card market that has grown more competitive in the last few years.

The agency creates “regulatory sandbox” to help develop products, including crypto-based ones; FSOC agrees bank’s failure wouldn’t wreck the financial system.

The information you need to start your day, from PaymentsSource and around the Web. Today: It's Fed chair Powell's turn to criticize bitcoin; Blast rounds up payments for consumer savings; Crytpomining malware spikes; Singapore bank launches e-commerce for baby care.

Brad Leimer, venture capitalist and former head of innovation at Santander and Mechanics Bank, shares his top picks.

The Dallas bank reported sizable growth in business and mortgage lending in the second quarter, but it more than doubled its provision for loan losses to cover four credits that went into nonaccrual status.

Paul Watkins served as chief counsel for the Arizona AG's 150-person civil litigation division and also headed up the office's fintech initiatives.

PeoplesBancorp in Holyoke, Mass., has agreed to buy First Suffield Financial in Connecticut for $60 million.

Large card issuers began banning cryptocurrency purchases on their cards in February. But fintechs are allowing consumers to purchase and invest in digital currencies, and they say the risk is minimal.

The Minneapolis company plans to expand to new retail markets through a digital platform, but it’s facing questions about how it will distinguish itself from peers.

With an average of 2,600 new members joining each month, the Huntsville, Ala.-based credit union recently earned a Credit Union of the Year honor from NAFCU.

OneUnited in Boston recently issued a debit card supporting immigrants, taking a public stand on a divisive national issue.

Repayments on acquired residential mortgage loans were the main reason, but other bottom-line boosters more than made up for that, the Buffalo, N.Y., bank said in reporting second-quarter results.

The Minnesota company's profits rose by double digits despite some challenges in the second quarter, and its CEO says it will be expanding its digital offerings to simplify banking for customers.

The Financial Stability Oversight Council has proposed dedesignating Zions Bancorp. as a systemically important financial institution under the Dodd-Frank Act.

Considering that cryptocurrencies are designed to circumvent the banking system, banks will need to come up with ways to protect themselves, writes Ely Pinto, chief information security officer at Bank Leumi.

Credit unions in the Silver and Golden states saw strong increases in growth and deposits during the first quarter of 2018.