Banking

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.

Top Democrats in the House and Senate sent a letter to Mick Mulvaney on Wednesday questioning his decision to delay the implementation of the Consumer Financial Protection Bureau’s payday loan rule.

After reporting its fourth-quarter earnings, the subprime auto lender said it expects the new tax law to enable more car owners to stay current on their loans.

The company, which raised $23 million through a private placement, had a 6.97% total capital ratio at Dec. 31.

The tool runs the numbers and tells small-business people if they would qualify for an SBA loan, and if not, what they need to do to become eligible.

As it secures new funding and creates a joint venture in Japan, Moven says it is close to becoming a full-fledged U.S. “challenger” by purchasing a traditional bank.

JPM, Amazon, Berkshire Hathaway are creating their own company; Sarah Dahlgren was formerly head of supervision at the New York Fed.

The information you need to start your day, from PaymentsSource and around the Web. Today: Facebook bans bitcoin ads; Western Union opens a tech center in Pune; Apple extends Face ID to help parents control kids' apps; South Africa grapples with the fast pace of fintech.

The cloud-based vendor was formerly a division of Live Oak Bank.