Banking

Fifth Third, U.S. Bancorp and others aim to design a short-term credit product that would satisfy their various regulators, but exactly how and how quickly they should go about it is murky at this point.

Evans Bancorp in New York believes the business is ill-suited for community banks and that it can draw unwanted attention from regulators.

Focus on ensuring your teams know why you make changes, and they will be far more likely to make those changes work for you.

Call-report data on commercial and industrial loans does not fully capture small-business lending by smaller institutions, a recent FDIC survey suggests.

While the Consumer Financial Protection Bureau was careful to note that the principles were not binding, the industry should still adopt the guidelines going forward.

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.

The chairman of the House Financial Services Committee says he won’t seek reelection next year; CME Group hopes to launch a contract by yearend.

The information you need to start your day, from PaymentsSource and around the Web. Today: New York and Vermont penalize Hilton over breaches; Microsoft pushes fintech in Japan; Dilbert's Scott Adams plans an IPO; Singapore approves a virtual currency card; GameStop ties rewards to subscription payments.

Additional data such as college major enhances the ability to provide credit to thin-file consumers. But could it create other issues?

Letting employees decide when they get paid through a mobile app that connects to a bank's prepaid card can serve the same purpose as a payday loan but cost the consumer less.

The modernization bill would allow state regulators to recognize the credit union low-income designation for state-chartered credit unions, while the other bill would allow CUs there to receive public funds.

From superheroes to witches, Minions, Ghostbusters and more, here's how credit unions are celebrating Halloween this year.

The Puerto Rico-based company set aside nearly $70 million for anticipated losses related to Hurricanes Irma and Maria.

The company plans to use some of the offering's $48 million in proceeds to redeem preferred stock.

Strong loan growth at the Miami Lakes, Fla., company more than offset an increased loan-loss provision tied to Hurricane Irma and continued weakness in taxi medallion lending.

A GAO determination has effectively nullified a 2013 leveraged lending guidance. But that leaves the future uncertain about what, if anything, regulators will devise to replace it — and how banks should treat such loans in the meantime.

Text analysis holds the promise of improving lenders’ ability to evaluate which borrowers will repay, but it also carries substantial risks.

Political stalemates have convinced many executives that relief will only come when agency leaderships turn over.

Big banks have raised deposit rates faster than regionals in order to retain depositors; India’s largest payment app wants to expand.

The information you need to start your day, from PaymentsSource and around the Web. Today: Sony applies for a blockchain ID patent; U.K. check imaging moves closer; Samsung turns old devices into bitcoin mining machines; Australia doesn't plan to regulate bitcoin.