Banking

American Express Ventures has become an investor in the startup EverCompliant, which helps financial institutions root out e-commerce websites backed by terrorists and drug cartels that are laundering money through payments-processing networks.

The country’s ratio of household debt to disposable income reached a record 171% in 2017.

Investment banker appears to be the choice to succeed to Lloyd Blankfein; CNBC commentator is being vetted as chief White House economic adviser.

The information you need to start your day, from PaymentsSource and around the Web: in-app crypto mining, Ripple's investments, ride-sharing takes over transit, and more.

Amazon.com is planning to offer a credit card to U.S. small-business customers, furthering its push to supply companies with everything from reams of paper to factory parts, according to people with knowledge of the matter.

Despite past missteps in the U.S. mortgage business, the bank is giving it another go, bringing servicing in-house and catering to millennials and international clients here, says HSBC’s Raman Muralidharan.

On Dec. 31, 2017. Dollars in thousands.

On Dec. 31, 2017. Dollars in thousands.

As Diebold Nixdorf continues its evolution from decades as a leading manufacturer of standalone ATMs to a maker of omnichannel-connected banking, it’s created a new service leveraging the Internet of Things.

The SBA may back off of poultry loans after its inspector general determined that farmers are often controlled by big corporations. That could cause headaches for lenders with a focus on that business.

OCBC Bank in Singapore has seen a 35% reduction in false positives in its tests of artificial intelligence-based anti-money-laundering software. Other banks could follow its lead, though there are regulatory and customer-protection questions.

Ant Financial’s consumer lending has reached at least 600 billion yuan ($95 billion) despite the affiliate of Alibaba Group Holding Ltd. facing a tougher environment for securitizing its loans, people familiar with the matter said.

California officials had accused Advance America of wrongly assessing Department of Motor Vehicles fees on its payday loans to skirt the state's interest rate cap.

The eventual pick will likely encounter heavy scrutiny from senators and, if confirmed, would take the helm of an agency still defined by turmoil nearly seven years after its creation.

The League of Southeastern Credit Unions is working with legislators in both states to find ways to protect consumers from predatory lenders.

As it gives its small-dollar lending regulation another look, the agency must consider borrowers who have no other credit options.

The company has agreed to buy United Community Bancorp. With the $114 million deal it would add five branches in the Cincinnati area.

Bankers should be careful in their push to deregulate, as efforts to roll back some crisis-era rules will likely add new risks to the financial system.

Franklin Synergy and MidFirst both plan to deploy the online lending platform, which according to its creator can render loan decisions in just under three minutes.

Remote deposit capture fraud remains a threat, but analysts say that's just the tip of the iceberg. Here's how credit unions can better protect themselves -- and their members.