Banking

The subprime auto lender paid $2.9 million to Connecticut consumers and a $100,000 fine for miscalculating balances owed on repossessed cars and for charging improper fees. It says the settlement is part of an effort to clean up "legacy issues."

The online lender continues to contend with the fallout of a 2016 scandal that led to the ouster of its founder and CEO.

Scores of customers have been unable to use digital channels to access accounts for more than a week, and many have taken to social media to voice their displeasure with TD’s response to the outage. The lesson for other banks: Test new platforms, and test them again, before making them live.

Choice, which has a history of acquisitions, is buying a financial institution that largely focuses on business banking.

Superior Choice Credit Union's deal for Dairyland State Bank in Wisconsin is the second such deal announced this year.

A public-private coalition, including Citigroup and disability advocates, is testing financial literacy strategies in New York City that they hope will be used nationwide to improve the financial lives of Americans with disabilities.

There's a dearth of clear understanding of the profitability of credit unions' members and products, but it shouldn't be that way. Here's where to get started.

Bob Rivers, CEO of Eastern Bank, was praised and criticized after he called out a Boston sports radio station whose on-air personalities made insensitive remarks. The incident underscores why bankers must be mindful about the positions they take.

The company could use proceeds from the planned offering to add branches and make bigger loans.

Stuart Gulliver’s final set of results at HSBC Holdings Plc weren’t quite the swansong he’d hoped for as he hands the reins over to his long-term lieutenant, John Flint.

The two CUSOs have joined forces to improve digital banking and financial services for credit unions and their members.

The effort would help the state support its burgeoning cannabis industry without interference from federal financial regulators.

Average pay among big bank chiefs last year rose 17% to $25.3 million; bank may let go up to 500 bankers and traders in latest restructuring.

The information you need to start your day, from PaymentsSource and around the Web. Today: London's mayor lobbies for soft Brexit; Ingenico goes contactless to boost charities; Swiss regulator updates authentication rules; A new cryptohack attacks Ethereum.

AI technologies can satisfy the growing demand for real-time, self-service experiences in a variety of ways, from supporting more voice-enabled payments and transactions to automating complex decision making and product recommendations, writes Marc West, chief technology officer at Fiserv.

Bank information technology departments are tasked with making sure their institutions modernize and remain competitive. But their mission brings a host of technical and cost challenges that often stand in the way of innovation.

Just two months after a capital infusion, First Capital Bancshares added banking veterans including John McCoy and Harvey Glick as directors in a board overhaul, changed CEOs, and decided to move its corporate headquarters to Charleston, S.C.

Triumph Bancorp has developed technology to help freight brokers make faster payments to truckers, charging a fee for the service.

Banks scrapped a plan to create a shared data bunker for customer data in favor of a backup buddy system. Some argue a move to blockchain should be next.

Their partnership aims to make it easier for community banks and other institutional investors to vet loans that they could buy from online lenders.