Banking

The information you need to start your day, from PaymentsSource and around the Web: Lyft tests subscription payments; Walmart whistleblower sues; Ford's connected car plan; and more.

Eno is into reality TV, says Capital One's head of artificial intelligence. Who's afraid of big, bad Amazon? Not Nandita Bakhshi. Goldman Sachs won’t be breaking any glass ceilings. Plus, a study on sexual harassment in banking.

First the House and now the Senate have included provisions in their regulatory relief bills that bankers say would go a long way toward clearing up confusion over how to treat high-volatility commercial real estate loans.

Legacy financial firms like the big credit bureau are seeking out financial technology to diversify themselves, bring new products to market faster and meet the needs of global customers.

BankFirst Financial Services in Columbus, Miss., has acquired HomeFirst, a mortgage services firm.

Use of alternative data in traditional credit scoring would help consumers access the banking system and lower their cost of credit.

Park National, which came to regret its acquisition of a Florida bank just before the financial crisis, took more than a year to vet NewDominion before making an offer.

As financial institutions find themselves at the center of political fights on topics like energy financing, marijuana and guns, they should avoid caving in to activist demands.

Online banks and some credit unions are responding to Fed rate hikes by aggressively raising deposit rates on CDs, savings accounts and money market products, while the nation's biggest banks are largely standing pat — for now.

Butke has been in credit unions for 40 years, the past 25 building the Ohio-based corporate.

With substantial regulatory relief within reach, community bankers should use their clout to shape cybersecurity policy and ensure a level playing field for banks and nonbanks, retiring ICBA chief Cam Fine says.

The measure easily passes with a two-thirds majority; Wells Fargo CEO's pay up by a third, but no cash bonus.

The information you need to start your day, from PaymentsSource and around the Web: Walmart's grocery expansion; Revolut direct debit; Alexa payments; and more.

Ken Rees at Elevate Credit calls payday lending "the roach motel of financial products" and says his alternative has helped subprime borrowers get back on their feet.

The company's deal for Coastway Bancorp in Rhode Island makes sense since both institutions are former credit unions.

CEO Tim Sloan was paid $17.4 million, though he was denied a cash bonus, as the San Francisco bank continued to contend with scandal fallout.

The National Credit Union Administration’s defense of changes to a field-of-membership rule was challenged by a federal judge on Wednesday, suggesting an American Bankers Association lawsuit against the revisions may be successful.

With rate hikes aplenty expected this year, Wells Fargo and Bank of America are said to be subdividing key markets to target deposit pricing in the future and minimize costs. These are among several innovative steps large banks are taking to prepare for more competition for deposits.

A customer is claiming that the Chicago bank operates a "predatory" overdraft fee program.

As it expands to the West Coast, the bank will first target car dealers at which it is already an indirect consumer lender.