Banking

The information you need to start your day, from PaymentsSource and around the Web. Today: Travel agency changes crypto converters; Cross-border payments as a retail recovery play; Bottomline Technologies adds a new API; A bank's rough technology conversion causes data breach.

A bombshell letter from a prominent senator and a court ruling criticizing credit unions’ interpretation of “field of membership” have bankers hopeful that Congress may finally be willing to examine the public-policy purpose of the Depression-era tax break.

The Utah company reduced the size of its loan-loss allowance, citing improvement in its energy book at minimal losses from Hurricane Harvey.

The move toward more asset-based finance shows how CEO Craig Dahl, in his second year at the helm, is reshaping the Minnesota company after its surprise exit from auto lending last year.

Nearly a third of NBT Bancorp's revenue comes from fee businesses, though it took patience, several acquisitions and a tolerance for added regulation to get there.

The legislation would prohibit the CFPB from penalizing institutions that rely in good faith on guidance from the bureau.

The high-profile hiring of Huntley Garriott comes a year after the North Carolina company had brought on a veteran banker to run the unit.

Old National Bancorp in Indiana plans to sell 10 branches to Marine Credit Union, expanding the credit union's reach.

The Indiana bank plans to sell 10 branches to a credit union. It will also shut down several more locations.

The North Carolina-based credit union has released a report on its 2017 growth figures, including 5.1 percent member growth and loan growth of more than $300 million.

The $17 billion-asset Bank of Hawaii reported higher profits on rising interest income, even as it saw yearly declines in mortgage banking and deposit fee income, as well as losses on investment securities.

JPMorgan Chase is sending signals that its homegrown blockchain, Quorum, is alive and well despite a recent shake-up.

The California company, which also focuses on Asian-Americans, agreed to buy First American International.

Aggressive growth in commercial leasing and asset-based finance helped offset a planned pullback in auto lending at the Wayzata, Minn., company.

The bank faces June 15 AML compliance deadline; the features that make Zelle popular with customers entice thieves.

The information you need to start your day, from PaymentsSource and around the Web. Today: All four major card brands are on board with a single online "button"; EU tightens prepaid and cryptocurrency regs; PayByPhone appoints a new CEO; Ireland preps to be a Brexit landing spot.

Citibank finds people need people (at least in a branch). Santander launches a new consumer app, which makes money transfers using blockchain technology. JPMorgan Chase can be an intimidating partner for fintech startups. Plus, Elizabeth Warren’s new mission.

The issues at Wells Fargo extend beyond the fines; Ally Financial's auto finance chief departs; ICBA chief Cam Fine signs off; and more from this week's most-read stories.

After nearly two years of sputtering commercial loan growth, regional bankers are counting heavily on expanding their portfolios of personal loans and other types of consumer credit.

The $219 million deal will expand RealPage's geographic and digital footprint in a market that still relies on paper-based payments.