Banking

The data-sharing directive has gotten off to a rocky start overseas, underscoring the need for domestic banks to start educating customers about the model well before it’s adopted stateside.

Banks will have to show they can withstand “severely adverse” conditions; the office will be under the direct control of acting director Mick Mulvaney.

The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon patents wearable tech; Grab expands; New tech for the gig economy; Messenger payments expand in Belgium.

Readers react to a clash between Mick Mulvaney and Richard Cordray, opine on how quickly Congress can move financial services legislation, slam calls for increased bank consolidation and more.

How do you eliminate "pain points" in the banking experience, increase wallet share and improve loyalty? Companies like Ally, USAA and Bank of the West are believers in tracking the customer journey to find the answers.

Banking is one of the last industries in which all the biggest companies are still run by men. That's not changing anytime soon — thanks, JPMorgan Chase. Kate Quinn plans U.S. Bank's SuperBowl debut and JPM's Marvelle Sullivan Berchtold launches an exciting venture.

The Kansas City, Mo., company sold Marquette Asset Management, a business it gained as part of its purchase of Marquette Financial Cos., to the firm's principals.

Lobbyists for the payday loan industry are getting a warmer reception in state capitals in 2018 than they did last year. One of their key arguments is that the federal crackdown on payday loans, which is now on hold, requires a response from the states.

The few U.S. banks embracing data sharing say the industry is moving toward the standard.

Credit union groups were scrambling Wednesday to respond to a letter from Senate Finance Committee Chairman Orrin Hatch questioning whether the industry had outgrown its income-tax exemption.

Bank managers should treat all employees fairly to get the best results from their team.

You read that right. Community bankers hope efforts by JPMorgan Chase, Amazon and Berkshire Hathaway will drive down health care costs — and maybe create products or services they can use.

This trend will continue until banks have addressed key vulnerabilities, according to John Gunn and David Vergara of VASCO Data Security.

Appeals court says single director is constitutional; the CFTC is rethinking policies because of bitcoin.

The information you need to start your day, from PaymentsSource and around the Web. Today: eBay hires Adyen to replace PayPal; Samsung's new cyrptocurrency chip; Amazon adds QR code tech; Link pushes ATM discounts; Open banking advances in Australia.

The Massachusetts bank — and former credit union — bought Cumberland County Mortgage in Maine.

Thomas O’Brien made a series of aggressive cuts at Sun Bancorp in New Jersey before orchestrating its sale to OceanFirst.

Regulatory scrutiny of Tether and Bitfinex is spooking investors, though others argue the industry remains strong.

The bank will step onto the national stage this weekend when the Patriots and Eagles face off at the Minneapolis stadium where it holds the naming rights. It has taken steps to capitalize on the exposure ahead of its expansion into new markets.

Bankers would like to take advantage of digital marketing tools that target customers similar to their own, but there are persistent fears that doing so could make financial institutions run afoul of regulatory restraints.