Banking

People's Bank of Commerce in southern Oregon decided it had to diversify to survive, so when a director heard a factoring firm he co-founded was up for sale, the bank seized the moment. Now it has other deals in mind.

The bank joins a small group of companies that believe short-term forecasts will ultimately help customers build healthier financial lives.

In some states, total mortgages outstanding are at all-time highs, but in others hard hit by the financial crisis they remain well below their 2008 peaks, the New York Fed said Tuesday in its quarterly report on household debt.

The online small-business lender is enjoying a payoff from its year-old push to cut costs and tighten underwriting standards. It is also set to announce another lending agreement with a major bank this year, its CEO said Tuesday.

The company has written more than 105,000 leases since its founding and expects 2018 to be its most successful year yet for the CU Xpress Lease product.

Neptune Financial plans to use technology to improve the efficiency in making loans to companies with $10 million to $100 million in annual revenue.

With some 3.5 million ATMs all needing to be converted Windows 10 at the same time, some credit unions are being proactive now to avoid the mad rush.

Barclays could lose its U.K. banking license if it fails to refute fraud charges and some question whether the Fed's order against Wells Fargo will impact other bank boards.

The information you need to start your day, from PaymentsSource and around the Web. Today: Yapstone raises funds; Governments suggest they won't protect cryptocurrency fraud victims; Hack in Italy; Ripple's network gets larger; Hong Kong banks dig QR codes.

The FS-ISAC hopes banks and data aggregators will adopt the updated standard for sharing customer account data.

To bypass the customer in setting up millions of phony card accounts, Wells Fargo employees took advantage of the bank’s continuing reliance on single factor authentication, writes Patrick Cox, CEO of TRUSTID.

HopFed was ordered to pay the legal fees for Stilwell Group, which sued the bank after its directors passed a bylaw intended to keep the investor off its board.

In what could be seen as a mea culpa for CEO Jamie Dimon's disparagement of bitcoin five months ago, the Wall Street megabank has released a big and relatively bullish report on cryptocurrencies.

Early adopters of The Clearing House’s Real Time Payments network have built gateways and accelerated fraud detection systems.

Early adopters of The Clearing House’s Real Time Payments network have built gateways and accelerated fraud detection systems.

The company must develop and implement a system of internal controls to ensure full Bank Secrecy Act and anti-money-laundering compliance.

Year to date Sep. 30, 2017. Dollars in thousands.

As the economy strengthens, more banks are facing pressure to pay up for the best lenders and tech specialists.

Wells Fargo’s troubles show that the bank needs to rebuild trust with consumers and the diverse neighborhoods where it operates in order to succeed.

The California company has agreed to buy Grandpoint Capital, a business bank in Los Angeles, for $641 million.