Banking

The funding comes as the financial services industry continues to search for safer ways for customers to share their account data with third-party apps.

The Consumer Financial Protection Bureau ordered an auto loan servicer on Wednesday to pay $2.4 million for failing to live up to the terms of a 2015 consent order.

Food drives, CMN donations and other ways credit unions are giving back.

Growth in commercial real estate loans is a big reason the New Jersey bank had a strong quarter.

The Tulsa, Okla., company also benefited from higher interest and fee revenue while keeping expenses under control.

The New York company also reported a wider net interest margin and lower noninterest expenses.

Profits at the Dallas lender plunged as it slashed originations and edged up the credit spectrum.

Many banks curtailed leveraged lending following the financial crisis, and for good reason. But we may be on the verge of a leveraged-loan comeback.

Shareholders reelected all of the bank's directors, though some got only slightly more than 50% approval; exchanges having trouble processing deals in dollars.

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: A setback for Samsung; Poor Senate security; Swift's blockchain draws banks; Nacha sets up certification for third parties.

The bank uses machine learning to customize content in real time on its website for every user, based on their behavior during their session.

How can banks improve performance while dealing with low interest rates and high regulatory expenses? One effective strategy is to bulk up, as shown by our annual ranking of the top 200 banks with less than $2 billion of assets.

The era of exceptionally strong loan performance in the credit card business has come to an end, and the Riverwoods, Ill., firm is feeling the effects.

Most of the delinquencies and chargeoffs were in the bank’s credit card and auto loan portfolios

Northwest, which produced lackuster first-quarter results, said it will close all 44 offices of Northwest Consumer Discount Co. by mid-July. The unit’s loans will be transferred to Northwest’s bank for servicing and collections.

Chaos broke out periodically as investors and activists spoke out against the board, at times yelling or choking back emotion.

Some analysts suggest CUs cut fees in order to boost revenue, but CU’s haven’t wholeheartedly embraced that philosophy – at least not yet.

Growth outside of its residential mortgage business contributed to Flagstar Bank beating first-quarter earnings estimates, company executives said.

Shareholders voted to re-elect 12 board members and elect three more nominated by the company, but the slim margins sent a clear message.

The $1.8 billion-asset institution converted to a federal charter out of a desire to broaden its member base and make member business loans.