Banking

Most lenders are staying the credit bureau course in underwriting but some are mulling changes, particularly when it comes to marketing.

Charter One wanted to sell itself quickly because it feared valuations had peaked, and CenterState was able to beat other potential suitors to the punch.

Acting CFPB Director Mick Mulvaney had sided with two industry trade groups that sued the CFPB in April to invalidate the tough restrictions.

A new report sees credit unions making significant gains in overdraft income as banks and thrifts shift their focus away from single-service customers who only want checking accounts.

Park Financial has agreed to buy shares from one of the founders of Mesaba Bancshares.

From YouTube test drives to subscription services, auto lending isn’t what it used to be – and credit unions need to ensure they’re keeping up with the times.

Almost half of systemically important financial institutions are trading in bear territory; bank is accused of overcharging customers for mortgage-backed securities.

The company will gain 10 branches and $145 million in loans after it buys Gideon Bancshares.

The company, which has completed eight acquisitions since 2015, agreed to buy City Bank and Trust in Oklahoma.

The information you need to start your day, from PaymentsSource and around the Web. Today: Paytm's push at the point of sale; French ride hailing app SnapCar streamlines payroll; NatWest tests cardless pay; Payments Canada adds risk management exec.

Above all, open banking helps financial institutions improve the user experience, increasing customer satisfaction and addressing consumer needs, writes Aurimas Adomavicius, president and co-founder of Devbridge Group.

MyBucks plans to give away entry-level smartphones, loaded with the company's financial technology, to encourage mobile payments, mobile banking and broader access to digital services in Africa, where financial innovation often moves quickly.

Nearly a third of the company's revenue will come from noninterest income after it buys SCB, which owns a large insurance and farmland management business.

Ben Holzman helped build Bain Capital Ventures' enterprise software practice.

A bill moving through the California Legislature seeks to tame the largely unregulated world of online small-business lending. If passed, it would be the first of its kind nationally, but so far it has failed to satisfy either the industry or its critics.

An affiliate of MatlinPatterson will reduce its ownership to 48% from more than 60% after selling 8 million shares.

With the question of a federal charter still looming, Treasury's last report on changes to the financial regulatory system will focus on nonbanks and new tech startups.

Banks and startups compete for the same clients, as customers want one source for online checking and investment accounts.

The internet-only bank plans to offer businesses a way to quickly open accounts online.

Women with credit scores below 700 feel more stressed about money than any other group, according to a new study. The findings suggest financial firms should cater to them with special advisory products and services.