Banking

The Senate is expected to pass a bill that would ax controversial guidance on loans at car dealerships; lower tax rate may have skewed year-on-year comparisons.

The information you need to start your day, from PaymentsSource and around the Web. Today: Interac's in the Middle East; Revolut adds cryptocurrency to round up feature; ActionFraud unwittingly used by fraudsters; WeChat and Alipay extend support for traveler payments.

An increase in total loans and a lower tax rate helped the Mississippi company offset revenue it lost after selling a consumer finance business.

Banks may need to do more to help small businesses after a hurricane, flood or other calamity as those firms tend to favor nonbank lenders after an emergency for a number of reasons, according to research by four regional Federal Reserve banks.

The company benefited from increases in residential and construction lending.

New York Attorney General Eric Schneiderman asked 13 cryptocurrency exchanges for detailed information about their operations as part of a "fact-finding inquiry."

Peach State Federal Credit Union acquired a former branch of DOCO Credit Union after the latter made the decision to leave the Toccoa, Ga., market.

The Wall Street giant's acquisition of the app maker Clarity Money is only one part of a long-term strategy to build a digital retail bank from the ground up.

Though total loans and deposits were down from the end of 2017, management expressed optimism that things will pick up over the rest of this year.

The divide highlights a lingering question about how much commercial and retail depositors value cutting-edge technology over price — and whether midsize banks can keep pace with bigger rivals when it comes to tech investments.

As the Senate closes in on overturning the Consumer Financial Protection Bureau's 2013 indirect auto loan rule, a central question is how lasting the congressional measure will be in limiting the CFPB's authority.

Community banks are increasingly turning to account onboarding technology to help them solve a growing problem — how to win new customers without opening physical branches.

The Oregon-based credit union reported "strong loan demand" in all regions it serves.

Despite a shaky start to 2018, several experts in marijuana banking insist that there are opportunities available for credit unions that want to get involved in a potentially lucrative market.

A Virginia bank's decision to pursue a charter in North Carolina puzzles some observers, given the added complexity and costs.

Tala plans to use the latest round of funding to develop new products for its customers in Kenya, Tanzania, the Philippines, India and Mexico.

ATMs require dual-factor authentication in the form of a physical card and a PIN, and this same concept should be extended to phone transactions, writes Patrick Cox, CEO of TRUSTID.

The Los Angeles bank also benefited from a reduced reliance on costlier certificates of deposit.

The company, which completed a major acquisition last year, said tax reform will help it generate a higher return on average assets.

Joe Petitti and Jack Knight formerly held leadership posts at First Republic.