Banking

DTCC Moving to the Blockchain; Goldman hires Wiesel as tech chief; Donald Trump's team divided

Columbia Banking System in Tacoma, Wash., landed the first sizeable deal of the New Year with an agreement to buy Pacific Continental in Eugene, Ore.

Late-payment rates on bank-issued credit cards and auto loans rose during the third quarter of 2016 to their highest levels in more than two years, according to a new report.

Though banks are bigger in peer-to-peer payments overall, Venmo is better at functionality and branding and millennials love it. Now banks are launching Zelle with high hopes and the advantage of real-time speed. Can they catch up? Should they even bother?

Gov. Andrew Cuomo wants to give the state's banking regulator the power to ban "bad actors" from working in financial services, allowing it to step in when federal agencies refuse to act.

Two influential Democratic senators' surprise objections to the OCC's fintech charter show that the initiative may be more politically fraught than the industry and agency expected.

Chatbots, virtual assistants and the like may mean fewer direct interactions between banks and consumers, fintech leaders say. But branches will become self-service destinations.

Activehours, a direct-to-consumer startup that lets hourly wage earners name their paydays, announced it has raised $22 million of funding.

Scholarships, new facilities, hashtag competitions and more.

F.N.B., Iberiabank and Simmons First are among the banks entering new regions. A growing need for scale and increased use of technology are among the reasons for their aggressive moves.

The Federal Housing Administration said it would cut the annual premium by 25 basis points starting on Jan. 27, giving President-elect Donald Trump a limited window to delay or scrap the cut.

Eastern Bank in Boston has hired a former Citi Cards executive to oversee its consumer-lending business.

Dave Martin, founder of BankMechanics, shares his insights on sales culture, performance incentives, motivating employees to think about the long term, the future of branches, why in-store locations are harder to run than you think, and more.

In a letter Monday to Comptroller Thomas Curry, Sens. Sherrod Brown, D-Ohio, and Jeff Merkley, D-Ore., registered their strong opposition to the concept of the charter, which would allow certain types of fintech companies to avoid state licensing requirements by obtaining a limited-purpose national bank charter.

New Frontier Bancshares in St. Charles, Mo., has hired the leader of another local bank as its new CEO.

Wayne Savings Bancshares in Wooster, Ohio, is facing pressure to sell itself just weeks after its CEO resigned.

Wells Fargo to introduce new pay plan; banks borrowing increases; banks transforming brokers

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: Visa sponsors e-sports; Sprig uses e-tips to keep staff; ING builds a mobile donor box; a crook sues Verizon for "allowing" his crime.

Artificial intelligence is moving from science fiction to practical reality fast, and it's in banks' best interest to gear up now for the changes ahead. Here are some strategies to consider.

The Department of Housing and Urban Development has charged Bank of America with discriminating against prospective Hispanic mortgage borrowers at a branch in Charleston, S.C.