Banking

The company will pay $48 million for four branches and $230 million in loans.

Jelena McWilliams said the agency will ask banks what's working and what's not; the acquisition of Hyperwallet Systems lets PayPal offer more services.

The information you need to start your day, from PaymentsSource and around the Web. Today: Interac ramps up development; Regulators issue more PSD2 guidance; Contactless technology moves deeper into donations; Payments Canada appoints a payments and technology chief.

The Dallas company expects to report a higher loan-loss provision after the loans, which include two shared national credits, deteriorated in the second quarter.

JPMorgan Chase and Wells Fargo are following Silicon Valley's lead by offering new fee-free accounts. While there are risks involved, the cost of doing nothing would be significant, analysts said.

The retired CEO of 1st Choice Credit Union and CU of Atlanta has been named the 2018 recipient of the Pete Crear Lifetime Achievement Award from the African-American Credit Union Coalition.

Ruoff Financial will make its first push into banking with the purchase of SBB Bancshares.

The Community Reinvestment Act needs to be updated, but in doing so Congress should remember why the law was created in the first place, argues Rep. Gregory Meeks.

The three credit unions range from $83 million to $1.2 billion in assets and will utilize services such as credit processing, contact center support and more.

In an investor-backed power play, the robo tech firm wants banks to turn to it instead of traditional core software providers as they upgrade to digital-banking-friendly technology.

In her first speech as chairman, Jelena McWilliams signaled a focus on reviewing old policies, speeding up decisions on new bank applications and helping banks navigate marijuana laws.

The National Credit Union Administration is set to vote on revisions to its field-of-membership rule, even as it's entangled in a legal dispute with the American Bankers Association over the rule.

The Minneapolis bank is pitching the automated investment advice product, a joint venture with a BlackRock unit, to a wide range of age groups, not just younger consumers.

SigFig was among an early crop of digital advice firms that shifted their focus to serving wealth managers and banks. It has raised more than $100 million from a variety of investors.

The selection of an obscure OMB official as CFPB director raises more questions than it answers about the future of the agency.

JP Nicols and Jason Henrichs discuss making apps and branches more productive, with Michelle Tinsley of Tinsley Retail Insights and Mike Laven of Currencycloud.

The Connecticut company will have nearly $48 billion in assets after it buys First Connecticut Bancorp.

The 5-year-old company, which is seeking to rebundle consumer finance on the mobile phone, has named Jon Stevenson head of banking and wealth management.

Morgan Stanley CEO, New York Fed chief caution against failing to remember what caused the financial crisis; Wells Fargo may combine its two big wealth management businesses.

The information you need to start your day, from PaymentsSource and around the Web. Today: A dire warning for bitcoin's impact; Toss draws funding; A new strain of malware; Press freedom advocate will accept cryptocurrencies.