Banking

Legislation and regulatory policy that takes a heavy-handed view of overdraft protection could remove a safe and convenient option for consumers managing their finances.

The incident will fuel the debate on Wall Street over whether digital coins are secure enough to enter the mainstream of finance.

Guidance focuses on five key traits, including overseeing risk profiles; a former Congressional aide says agency must be accountable.

The information you need to start your day, from PaymentsSource and around the Web. Today: American Express is ending support for Jawbone's smartwatch payments; Cash is still strong; CBA tightens ATM controls to mitigate money laundering; Indian group works on smart contracts.

A U.S. alcohol maker's $191 million investment in Canadian cannabis could raise difficult questions for the banks that have lent big sums of money to the company.

On Jun. 30, 2017. Dollars in thousands.

Real estate CUSO now works with 23 CUs in the Golden State, more than 100 overall.

The Consumer Financial Protection Bureau settled a $1.1 million enforcement action on Monday with Xerox Business Services, alleging that its software misreported borrower information to credit reporting agencies.

Carver Bancorp, which has spent 70 years serving minorities in Harlem and surrounding neighborhoods, is struggling to turn a profit. As black-run banks nationwide struggle to stay afloat, Carver's CEO insists the institution is on the right track.

Jefferson Financial Credit Union in Louisiana struck a deal to bring in $12 million in secondary capital, which is believed to be the biggest haul to date for a credit union. Will it embolden other CUs to pursue similar fundraising efforts?

Lending -- and particularly member business lending -- in the two states continues to rise, according to new data.

Some fintechs argue that banks are selectively working with only certain third parties in sharing information and violating the spirit of the CFPB’s data-sharing principles.

PayPal is following its investment in micro-investing app with a direct link, vastly expanding the app's addressable market.

The $65 billion-asset company intends to shed its holding company and then will petition regulators to reconsider its designation as a systemically important financial institution.

Clearinghouse CDFI will use funds from the $2 million investment to support affordable-housing and economic development projects in communities and Native American reservations in California, Nevada and Arizona.

The Tennessee branches are being sold as part of First Horizon's deal to buy Capital.

Deciding how far to go to protect customers is a complex issue, but one that the industry should address soon as phishing attacks continue to mount.

Franklin Codel reportedly made “disparaging remarks” about regulators; Zions may seek to have “too big to fail” label removed.

The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon, Walmart offer dueling home access products; PayPal supports 'tips' for streaming content; Signs of life for cryptocurrency in China; Will Europe crack down on ICOs?; Ripple pushes DLT for governments.

Some of the most successful recent innovations in payments started with peer-to-peer services before evolving into other products, writes Amitaabh Malhotra, chief marketing officer at Omnyway.