Banking

The nomination of Jelena McWilliams to chair the Federal Deposit Insurance Corp. moves the Trump administration one step closer to completing its team of regulatory appointments in its push to undo former President Obama's post-crisis policies.

The bill would use the Congressional Review Act to overturn the payday rule, a procedure that allows Congress to overturn agency regulations with a majority vote.

The U.K. challenger bank appeals to its customers to use a debit top up sparingly and for “last minute emergencies” since this feature will cost them around $30 per customer each year due to processing fees.

The $528 million acquisition ends months of speculation that the foreign-owned banks were pursuing a deal.

Another look at how credit unions are giving back to the communities they serve.

Umpqua has taken a cue from other regionals that have found success in investment banking.

Richard Cordray won’t be around anymore to keep an eye on the fintech sector. The question now is: Who will?

How a new fintech CUSO aims to bring members' financial services into one place.

Jelena McWilliams, Fifth Third Bancorp’s chief legal officer, is the choice for FDIC chair; digital currencies pose too many risks.

The information you need to start your day, from PaymentsSource and around the Web. Today: ECB pushes instant payments; Mastercard's new innovation class; Payment company launches pot magazine; Atlanta gets more ATMs.

KeyCorp's Beth Mooney disarms “a ticking time bomb.” The former head of the Small Business Administration wants to buy Harvey Weinstein’s company. A female FDIC chair is on the way. Plus, the CFPB showdown, an effective way to combat sexual harassment, and laundry tips from Anne Wojcicki.

Digital payment brands like Venmo are achieving scale quickly by recognizing that no one wakes up thinking they need to make a transaction. They really focus more on what they have to pay for, according to CO-OP Financial Services' Shazia Manus.

A lot of lenders say they're dedicated to customer service, but here are six instances when Amarillo National Bank — whose CEO is one of our Banker of the Year award winners for 2017 — went above and beyond the normal call of duty.

For her entrepreneurial spirit and for bringing hometown banking back to Baltimore, Mary Ann Scully has been named a 2017 Banker of the Year award winner.

Dizzying trading in bitcoin fed the bubble argument, but now that Nasdaq is the third Wall Street player to say it is designing a financial instrument around it, banks may be forced to reassess cryptocurrencies.

Introducing limits on federally guaranteed loans to graduate students, instead of letting them borrow whatever schools charge, would create a multibillion-dollar opportunity for private lenders.

Jiko hopes to convince consumers that their funds will be safe in Treasury bills, while also generating higher returns than they would in traditional bank accounts.

Even though they do not face the immediate prospect of regulation requiring an open-banking policy, American banks should act as if they do.

Reform of the Community Reinvestment Act should seek to establish a minimum standard for the volume of CRA activities a bank must complete in its assessment area.

Digital currency jumps through $11,000 before falling below $9,500 in a volatile day of trading; bank faces growing regulatory scrutiny.