Banking

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: Grab acquires Indonesian payments company; Singapore's digital transformation advances; Polish hack part of a wave; Bots debut in Nigeria.

The Cleveland company has tapped Jamie Warder for the senior-level post.

JPMorgan Chase and Wells Fargo are among the large institutions that are making fewer car loans amid intense price competition and concerns that lenders are at risk of bigger losses.

The Florida company, which hit an aggressive profit goal last year, is planning its first investor day later this month to outline longer-term goals.

EQ Bank, BankMobile and solarisBank offer insights into how they built their digital-only banks with design thinking, new products and money management tools.

The Toronto company will add as many as 75 small-business bankers in several of its key U.S. markets.

Financial firms are going on offense in Washington, pressing a policy agenda that would have been unimaginable just a few months ago. Some proposals, like reforming the Consumer Financial Protection Bureau, have been floated before while others began to gain traction after Republicans swept the November elections. Here's a look at some of the industry's requests.

The trade group says that by merging the Share Insurance Fund and Corporate Stabilization Fund to issue dividends now – instead of in 2020 – the regulator could avoid instituting new premiums to the NCUSIF.

Rogue Credit Union is growing rapidly, but insists it is not pursuing growth.

One of the root problems of investing disparities is lack of diversity among those who make investment decisions. Here’s how to change the dynamic.

Daniel Tarullo's retirement opens another spot for a potentially bank-friendly central bank seat; Gary Cohn is Trump's point man on all things financial, from deregulation to Obamacare.

Chicago-based Akouba will offer its origination and underwriting platform to ABA-member banks, which will receive preferred pricing.

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: PayPal halts Canadian media payment after Syrian story; WeChat and Starbucks extend their partnership; Pepper the Robot arrives in Oakland; Russians arrest more suspects in hacking scheme.

Once upon a time, credit unions could serve anyone they wanted and there was no such thing as “common bond.” Sounds like a fairy tale, but it turns out a select few still can.

Opus Bank has hired Scarlett Sieber, the former senior vice president in global business development at BBVA, to be its chief innovation officer.

The new office will look for ways to improve UX for customers in digital and traditional channels.

In the years ahead, banks will have to fend off better organized and increasingly advanced cybercrime rings. "We're seeing levels of sophistication that we haven't seen before," says Pat Phelan, senior vice president of identity at TransUnion.

Banks are helping customers build healthy financial habits through their apps. The tools could also strengthen customer retention when rates go up.

Some execs have plenty to be sour about, but others are emphasizing the possibilities amid today's economic and political realities. Their contrasting mindsets were on full display at a Credit Suisse conference this week.

From grand openings to donations to assist life-saving research, credit unions are giving back in a big way.