Banking

A bill before Missouri's House of Representatives has several provisions that would put more regulations on payday lenders without harming CUs offering similar, safer products.

LGE Community Credit Union has a deal to acquire Georgia Heritage Bank. It's the fourth time this year a credit union has agreed to buy a bank.

The Portland, Ore., company has hired four private bankers from City National as part of a broader effort to provide a full range of services to business owners and high-net-worth households in Orange County and San Diego.

Small institutions need to rethink their approach to younger employees, giving them more opportunities and responsibilities — and borrowing from their digital know-how.

The bank says CEO had no input into $325 million loan to Trump's son-in-law; Fifth Third, First Republic take equity stake in online student loan lender.

The information you need to start your day, from PaymentsSource and around the Web:. Today: Instragram's payments feature makes a global move; Investor sets up a new U.K. fintech hub; CBA's sorry for payments glitch; Points for cryptocurrency.

Are American college students using their student loan dollars wisely? A LendEDU study explored how those funds are spent.

Constellation Digital Partners, LLC, has raised $26 million in the last 10 months.

Just as promised, Republican lawmakers went to work Wednesday considering regulatory reform ideas that would go further than the Senate's tweaks of the Dodd-Frank Act.

A bill to allow captive insurance companies to be reinstated as members of the Federal Home Loan Bank System appears to be dividing the FHLB community.

Rebeca Romero Rainey, while known as compassionate banker and less of a firebrand than her predecessor at the trade group, will take firm stands for small banks on reg relief, innovation and fair play, say those who know her.

In the joint report with the Federal Trade Commission on debt collection practices, the CFPB said it had initiated four enforcement actions last year, had resolved one case and has five others pending.

Employees at the second-largest Indian bank falsified documents in a scheme that ultimately cost the institution at least $2 billion. Some argue a distributed ledger would have helped prevent or minimize the fraud.

Trump Bay Street, a New Jersey luxury apartment tower part-owned by Kushner Cos., received a $200 million loan from Citigroup, according to two people familiar with the deal.

The Federal Reserve raised interest rates by a quarter-point at its Wednesday meeting and more increases are expected this year. Here's what credit unions need to know to be prepared.

FIs say that an appeals court’s decision to ease restrictions will allow them to warn customers more easily when loans are past due or accounts have been compromised. But consumer groups argue that the decision gives financial firms license to market their products more aggressively and could lead to more harassing phone calls over unpaid debts.

The company will also sell $58 million in deposits to West Gate Bank.

The Alabama company will enter Sarasota, Fla., after buying Premier for $52 million.

GOP senators push House colleagues not to change Dodd-Frank rollback bill; agencies respond to consumer complaints about debt collectors.

The information you need to start your day, from PaymentsSource and around the Web. Today: Russia helped develop Venezuela's state cryptocurrency; Google makes it easier to pay for news subscriptions; Amazon adds security to its home delivery service; Expedia's hack hits Amex.