Banking

Ryan, McConnell say they have a deal on a bipartisan Dodd-Frank rollback; New York won more than $5 billion in settlements from big banks under the former AG.

The information you need to start your day, from PaymentsSource and around the Web. Today: Facebook starts a blockchain unit; New York pushes ahead with cryptocurrency investigation; CPMI pushes security standards; St. Louis Fed recommends government virtual currency; Monzo adds proximity P2P technology.

The legislation, which still needs Senate approval, would let the head of the Small Business Administration raise the program's cap in periods of heavy demand.

Bill supporters say the guidance — which held indirect auto lenders liable for unintentional discrimination at partner dealerships — violated Dodd-Frank, but consumer advocates say the legislation would expose minority borrowers to mistreatment.

Legal costs and legacy issues related to previous management continue to weigh on the online lender's results.

A planned stock offering by the French banking giant would lower its stake in First Hawaiian to 49.9%.

Even as banks have built up their defenses, fraudsters continue to find new ways to try steal consumers’ identities to open accounts, take out loans or intercept payments.

A group led by former community bank CEO Dave Mallett hopes Ohio State Bank will open for business in Columbus by the end of the year.

The administration is prolonging a decision on a permanent director for the agency to keep the interim chief in place until year-end or longer.

Eric Itambo will become chief banking officer of CoBank, where he will oversee all lending operations.

The Japanese bank, owner of Union Bank in San Francisco, has hired RBC alum Roger Blissett to raise its profile among lawmakers, oversee compliance and build deeper relationships with regulators as its recent charter switch continues to stir controversy.

Subordinated debt issuance, which took a back seat as bank stocks surged, could regain popularity as growth-minded banks become leery of market uncertainty.

Former N.Y. Attorney General Eric Schneiderman had been a thorn in the side of financial institutions, using his state’s significant clout to affect national policy debate on a host of topics ranging from dark pools to cryptocurrencies. Here’s a look back at how Schneiderman made his mark on the ways financial institutions do business.

Gary Cohn, the former director of the White House Economic Council, said he's still weighing options for his next role but one possibility is a digital bank.

The online business lender would have reported its second straight quarterly profit if not for one-time costs tied to layoffs and lease terminations.

How a measure to make opening online accounts easier was crafted — and why it needs to pass Congress.

The program has expanded to seek startups in Chicago and Wisconsin for mentoring and potential partnerships.

The agency’s rule restricting short-term loans ignores state discretion and harms needy borrowers, argues Louisiana’s attorney general.

About 175 million Americans now have access to a credit card, and the delinquency rate has gone up along with that, but an expert at TransUnion, which issued the data Tuesday, said the underlying metrics suggest there is no cause for alarm — yet.

Financial Institutions agreed to buy HNP Capital, a wealth management firm near Rochester.