Banking

The major prepaid card issuer agreed to the penalty to settle allegations that it had charged higher fees than what was disclosed to customers.

The Golden Contract Coalition, formed in mid-2016 to get community banks better deals with the “big three” core systems vendors, said banks need help with buying from fintech sellers as well.

Howard Bancorp and Bryn Mawr Bank are trying different approaches to reach out to underserved markets they’ve entered via acquisitions. Creative in-house initiatives may take on added importance as regulators move to "dial back" Community Reinvestment Act rules.

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.

House legislation to reverse a federal court decision on state interest rate caps would increase access to credit, not expand predatory lending as critics have argued.

Paddleboarding in the morning, assigned mentors, passion projects: How firms on our inaugural ranking of the Best Fintechs to Work For attract (and keep) top talent with Silicon Valley perks.

The fear of data breaches has become a regular part of life, but many regs that help protect auto lenders were written before that threat originated. Here's how to protect yourself.

Wells has helped gun and ammunition companies access $431 million in loans and bonds since the 2012 Sandy Hook shooting. Other financial firms that are active as bookrunners for gunmakers include Morgan Stanley, TD Securities, Bank of America and JPMorgan Chase.

Financial agencies must prepare themselves to evaluate the practical effects of automated decision-making in lending and other programs to better detect fair-lending violations.

The information you need to start your day, from PaymentsSource and around the Web. Today: Citi and Kabbage join PSD2 forum; Central Bank of Lithuania holds contest for collectable virtual currency; China deepens crackdown on crypto; Armored car company sheds paper.
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Economic adviser leaves after President Trump announces steel tariffs; Senate votes to begin debating Dodd-Frank changes, which are expected to pass later this week.

The online lending platform takes corporate culture seriously but encourages employees not to take themselves too seriously.

Deposit prices are starting to rise, deposit growth is slowing, commercial loan growth remains tepid (with some exceptions) and concerns are mounting about the economic toll of U.S. trade policy, bank executives said just a few weeks ahead of the end of the quarter.

The company received bad news about the commercial loan after it reported a narrow profit in mid-February.

Citigroup plans to launch an online bank that will be marketed nationally. It is one of several large companies with an online bank or niche platform in operation or on the drawing board.

Two groups have announced plans to open banks in the state, and several others have had talks with regulators. Is there room for more?

WorldRemit's ambitious goals for its U.S. payment operations say a lot about how immigrants here are changing as customers — they’re digitally savvy, connected and mobile-ready.

Foreign inflows are distorting Canada's already constrained housing market and aren't the kind of investment the country needs, the chief executive officer of Royal Bank of Canada said.

The World Economic Forum said the effort is designed to strengthen fintech cybersecurity.

There's been a legislative bottleneck since the the crisis-era law went into effect, but Congress has moved forward on a handful of significant changes.