Banking

The agency will have to rework its strategy for amending its payday lending rule after a federal court rebuffed efforts to stop the rule from going into effect.

Despite strong growth in the auto sector, credit unions continue to push to get members who join via indirect auto lending to add products and services, and fully engage with the CU.

Alt Thirty Six is making its digital payment platform focused on the cannabis industry available to the wholesale network of CannTrade, a partnership the companies say will eliminate the need for using cash.

Royal Bank of Canada introduced a wave of technology initiatives in a bid to attract more tech-savvy customers who embrace a digital lifestyle.

The bank’s AI-driven virtual assistant, which lets people quickly search transactions and cancel subscriptions and other recurring charges, was an instant hit. But BofA will have to take a number of steps to sustain erica's early momentum.

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.