Banking

Judge again throws out Leandra English’s attempt to take over agency; planned revamp may ease banks’ lending requirements to the poor.

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The Kennesaw, Ga.-based company, which targets borrowers with blemished credit records, has acquired LoanHero, which specializes in loans at the cash register.

The agreement marks the latest example of the banking giant teaming with a fintech to speed up delivery of services to its customers.

Capital One became the latest bank to feel customers' online wrath last week after reports that some customers were being charged twice for debit card activity. But it was hardly alone.

The company, which agreed to pay $58 million for Foundation's parent, will gain five branches in Cincinnati.

GOP Rep. Ed Royce of California said this week that he will leave Congress at the end of the year, removing his name from the list of contenders to lead the Financial Services Committee next year.

In some ways the Canadian bank's U.S. consumer business is only now shaking off many of its crisis-era problems here. CEO Darryl White is pinning his retail-comeback hopes on a rejuvenated sales culture and a focus on more profitable customers.

Banks that have flocked to the business because of higher yields and loan diversity stand to benefit if clients use tax savings to upgrade equipment.

Minneapolis Fed President Neel Kashkari acknowledges that his plan to raise capital at the biggest banks and ease burden for smaller ones isn't likely to be enacted soon, but says its time will come.

Jose Vazquez Jr., who previously worked for Popular Community Bank, will oversee commercial lending and treasury management services.

The CDFI formerly known as Progreso Financiero targets consumers with little or no credit history.

First it was coffee and car service, and now it could be cashier’s checks and debit cards. Matt Krogstad left his bank job to build tech that lets bank customers order products at the press of a button and pick them up at a branch or get delivery.

Petal has received a $13 million funding round from Valar Ventures, a New York-based venture capital fund that specializes in financial technology, to use artificial intelligence to fill holes in legacy risk vetting.

The final plan to end "too big to fail" suggests that banks with less than $10 billion be subject to a much less complicated risk-based capital regime, akin to what was required in Basel I.

Outstandings top 2008 high mark, prompting some concerns; big banks are expected to take $31 billion in writeoffs from fourth quarter earnings due to tax reform.

The information you need to start your day, from PaymentsSource and around the Web. Today: LevelUp's new order ahead app; Mastercard embraces car tech; Garmin adds payments to running band; New rules for ICOs; Singapore company offers 'buy now pay later'; Blockchain Tea cancels stock sale.

Sundie Seefried, CEO of Partner Colorado Credit Union, wasn’t swayed by a DOJ memo that may embolden federal prosecutors

The McLean, Va., company said that the personnel moves were unrelated to either its financial performance or its risk performance.

The payments company will pay $321 million for Crestmark Bank, a commercial lender that focuses on asset-based lending, equipment finance and government-guaranteed loans.