Banking

The promise of fintech is that it might offer underbanked consumers access to financial products. But some are worried that relying on algorithms to make credit decisions could open up problems of its own.

The New York regulator's move is aimed at giving credit unions more opportunities to recruit new members and serve existing members.

Timothy Zimmerman, who once called CECL a dangerous proposal, now sees a justification for the FASB standard. And he is urging bankers to start working on plans to comply with the change.

It may be a bigger challenge than financial institutions realize to avoid the cannabis sector, which includes a whole host of ancillary businesses from agricultural supply sellers to real estate developers.

Readers criticized a credit union securitization proposal, weighed in on scaling back the CFPB’s complaint database, debated the need for banks to examine gender-based salary comparisons, and more.

Investors drive up bank stocks on the promise of fatter dividends; Capital One bucks the trend on concerns over credit cards and auto loans.

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Alibaba's answer to Echo; Diebold Nixdorf divests some U.K. assets; Digital fraud in Europe spikes; Tips to protect ATMs from explosives.

Lansing, Mich. is working with area financial institutions -- including a local credit union -- to open accounts for people coming out of prison.

Whether in Washington, California, Nevada or elsewhere across the globe, credit union supporters took part in two of the movement's biggest annual events, raising money for Children's Miracle Network Hospitals

The move comes at a time when both Prosper and the broader industry it helped to pioneer are struggling.

The iPhone is 10 years old. Here’s a look at some of the ways the Apple product and the boom in smartphones overall have shaped banking in the U.S. over the past decade.

Two women who lead innovation efforts at major U.S. banks are having opposite experiences. Christine Lagarde calls for male allies to help with gender equality, and Geena Davis wants your input.

Steven Klein, the company's president, will become its CEO in early November.

While overall activity remains slow, sellers — particularly those flush with core deposits — are fetching premiums not seen in years.

Lindsey Argalas will push innovation throughout the Spanish bank and encouraging collaboration across businesses and markets.

More consumers will soon be able to withdraw cash at ATMs by using their mobile phones as a remote control via Cardtronics, which has decided to extend FIS Cardless Cash to all of its U.S. ATMs over the next two years.

Consumers are giving branchless banks far higher satisfaction ratings than traditional banks because of higher rates, fewer fees and better functionality, a J.D. Power study finds.

Natasha Merz, VP of commercial lending at Langley FCU, testified before a House small business subcommittee on ways Congress can help credit unions and the SBA better fulfill a common mission.

Chinese bettors withdrawing money from some ATMs in Macau need to do more than punch in their PIN code. They also have to stare into a camera for six seconds so facial-recognition software can verify their identity and help monitor transactions.

The online small-business lender has also announced the hiring of a new U.S. head of capital markets.