Banking

The online consumer lender reported a net loss of $25.4 million, bringing its red ink in the five most recent quarterly reports to more than $200 million.

Many banks are adopting an “it takes money to make money” approach, paying more interest on deposits in exchange for loan growth, fee income and customer retention.

Supporting the Ronald McDonald House, Habitat for Humanity and other ways credit unions are making a difference in the communities they serve.

With lawmakers reportedly looking into NCUA’s $1 billion legal bill, some members of the NCUA board behind that arrangement say they’re unsure what exactly legislators are hoping to accomplish.

The online lender said it is on track to hit its goal of becoming profitable by yearend. It also extended a partnership agreement with JPMorgan Chase.

Sam Maule is set to head up North America expansion for 11:FS.

A San Francisco startup working with Swift plans to launch a network that would tie self-executing contracts to independent data sources.

Investar Holding has reached an agreement to acquire BOJ Bancshares for $22 million, helping it expand in its home market of Baton Rouge.

On March 31, 2017. Dollars in thousands

A 10-year low in commercial banks’ chargeoffs bodes well for avoiding another crisis, but what it means for growth is another matter.

On March 31, 2017. Dollars in thousands

On March 31, 2017. Dollars in thousands

Bank warns investors of bigger fallout from scandals; Senate Republicans may not have votes to overturn rule ending mandatory arbitration.

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: Amazon's limits; Fiserv offers more for Monitise; Capital One's budget app's closing; Shopify pushes voice tech.

It is the latest of several popular apps to close down in recent weeks.

Supporting soccer teams, foster parents, aspiring scholars and other causes.

The bank’s “reasonably possible” legal charges could surpass its reserves by $3.3 billion as of June 30, a Wells securities filing says.

The CFPB released four sample disclosure forms for opting in to overdraft programs that it said would make it easier for consumers to evaluate the costs and risks of such coverage.

Teaching leadership to millennials, lessons from the vacuum cleaner industry, the competition from fintechs and more.

Wells Fargo & Co. settled an 11-year-old lawsuit with the U.S. government that claimed the lender overcharged veterans under a federal mortgage-refinancing program.