Banking

By cutting back on paperwork requirements and regulatory red tape, policymakers can unleash the power of community banks to spur lending and economic growth.

Nyca is one of the most active venture capital firms in fintech globally and its second fund should give it plenty of dry powder to pursue further deals.

Citigroup plans to exit the mortgage-servicing business by the end of 2018 to focus on making new loans.

Loans, deposits and revenue all rose solidly compared to a year earlier.

Welcome to the new PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Cash for charitable payments wanes; a new widget for virtual currency; Apple joins AI group; Hans Morris' Nyca raises $125 million for a new fund.

Citi is close to deals to sell its customer and non-customer servicing portfolios; Wells tries to limit investor resolutions in its annual meeting proxy materials.

Eastern Bank developed its own online lending platform to compete with the likes of Kabbage and OnDeck. It might now be able to cash in by licensing to other banks.

From frictionless payments to improved underwriting models, connected cars will rewrite the rules for how and where banks interact with their customers.

If offering a national regulation option to fintech players is the carrot, compliance with commonsense borrower protections could be the stick in promoting responsible financial innovation.

With loans of $100,000 or less, the typical bank breaks even or loses money. But one Florida community bank is betting faster turnaround times on small-business loans can help the bottom line.

Connected cars are going to create new revenue streams, not just for automakers, but also for financial services providers.

The failure of Seaway Bank, once the nation's biggest black-owned bank, cost the FDIC $57.2 million.

The banking trade group confirmed that it has run a formal bidding process to find a partner.

The upcoming launch of Zelle gives Chase, B of A, Wells Fargo and other large banks an opportunity to correct their past mistakes.

Letter to members decries excessive share insurance premiums from “government bureaucrats” at NCUA.

TCF Financial executives are considering pulling back from selling auto loans, following a sharp decline in gains during the fourth quarter.

The long-running feud between banks and fintech companies over screen scraping is morphing into a more nuanced and important conversation about how to exchange consumers' financial data securely and fairly.

A study from Georgia CU Affiliates reveals a specific dollar amount that consumers in the Peach State receive as a result of credit union membership.

Webster Financial was unable to hit its loan and deposit goals in Boston last year as it prioritized relationship building over cut-rate pricing.

While bankers feel more positive about the environment since the election, taking advantage of the new environment is what’s really important.