Banking

With a lighter compliance burden, small banks could shift tech spending to customer-facing innovation.

A lack of talent, capital and good business planning proved fatal for bank organizers in California and Georgia.

Hilton Capital Management wants National Bankshares to buy back stock or declare a special dividend.

There are so many reasons — the credit cycle, the plight of small banks or competition from Amazon and foreign banks — that the head of JPMorgan could live to regret that statement.

Amid rising interest rates and vehicle costs, longer loan terms and more, credit union auto lenders have two paths they can take to manage the challenges and opportunities that lie ahead.

Kathy Thorson, who is currently a market president at MetaBank, will oversee strategy for all of its four markets.

The subprime lender could lose a big partner now that Fiat Chrysler has officially announced it will form its own auto finance unit, and the two are negotiating an end to their 6-year-old relationship.

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

The revisions – approved by a May 30 notation vote – could ease the burden for credit unions approaching the MBL cap.

The agency’s recent bulletin could help banks get back into the small-dollar lending business, keeping needy borrowers out of debt traps. But other regulatory limits remain in focus.

The company agreed to pay $32 million for Mercersburg Financial.

The banker made $140,000 in illegal trading profits; the German bank faces Fed stress test and “living will” examination soon.

Organizers of CommerceOne Bank are one step closer to a planned opening this summer.

The information you need to start your day, from PaymentsSource and around the Web. Today: PayPal makes another investment; Open Payments Cloud picks up support; Crypto firm hires Square's former compliance officer; Mastercard hires a cybercrime expert.

California lawmakers have voted to authorize the establishment of state-chartered banks for the limited purpose of serving the marijuana industry.

Many of these attacks have been server side ransomware and other sophisticated hacks, leading companies to examine the immature security processes, the technology of application security, and the insufficient expertise of development, writes Jeannie Warner, the security manager at WhiteHat Security.