Banking

Amid the rise of online lending earlier this decade, banks were derided as being too slow to adapt. But over time it's become clear that banks hold key advantages over lending startups.

Capital Corps, led by Steven Sugarman, aims to provide financing to homeowners and small businesses that it believes are overlooked by banks. The firm features several former Banc of California executives.

Bankers are generally happy with the House Republican tax plan released last week, but one provision of the proposed overhaul is likely to give them pause: a cutback in the deduction for deposit insurance premiums.

The company, which recently bought Sabadell United in Miami, is pledging to make billions of dollars in mortgages and small business loans in low- and moderate-income communities.

Guidance from the CFPB and reduced friction between banks, fintechs and data aggregators are easing bank-fintech partnerships at Wells Fargo, Capital One and others.

The online small-business lender, which has been cutting expenses, said it is on track to achieve profitability in the fourth quarter.

The fintech is partnering with Choice Financial in North Dakota to create a Douugh-branded checking account and debit card that will prominently feature an AI-based virtual assistant named Sophie.

Following the release of the nonbinding statement of policy, regulators still have an important role to play in making sure the industry achieves an effective data-sharing model.

Add MUFG Union to the roster of traditional banks launching a digital division that aims to grab deposits. PurePoint is going up against some more established competitors who are evolving their strategies.

William Dudley is leaving before his term is up; esoteric bank security pays off big.

The information you need to start your day, from PaymentsSource and around the Web. Today: Western Union's earnings get a jolt from technology; Paytm adds chat tech; N26 plans U.K. launch; Equifax board clears inside stock sales after its data breach.

From overseas programs to grow the movement to initiatives that benefit veterans, kids and more, here's another look at how credit unions are giving back.

Andreas Bubenzer-Paim previously held a technology role at Bank of America.

GS Bank will take the name of Goldman's nascent consumer-lending business, Marcus.

Wells Fargo & Co. added $1 billion in the third quarter to what it says the bank may face in possible legal expenses.

Community banks are spending on technology to expand without having to build new branches.

Readers weigh in on a blockchain-based credit bureau, react to the CFPB’s arbitration rule and chime in on calls to invest more in women.

The Federal Housing Finance Agency must set fees equal to the cost of capital that private banks hold against similar risk, not just the amount of capital that Fannie and Freddie think are right for themselves.

The proposed 20% corporate tax rate would benefit banks more than other industries; online lenders made nearly a third of new personal loans in the first half.

The information you need to start your day, from PaymentsSource and around the Web. Today: PayPal plans domestic payment service in India; Mobile shopping on pace for more records; U.K. banks take different paths to battle payments fraud.