Banking

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.

Relevance to the consumer is the challenge for banks in the post-PSD2 era and partnerships hold the key, writes Maikki Frisk, Executive Director of the Mobey Forum

While increasing de novo activity is encouraging, the processes of chartering a bank and applying for deposit insurance are more onerous, lengthy and costly than they need to be.

TCF is looking to diversify its streams of revenue as it dials back auto lending amid concerns about weakening credit quality.

The new tool tracks both serious and general delinquencies down to a county level and features interactive charts and graphs.

David Ritchie, a regional manager for U.S. Bank, will succeed the retiring David Tabor in early November.