Banking

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.

The burden of paying off student loans is increasingly falling on parents and grandparents, and a new report from the CFPB finds that these older borrowers are having a tough time making payments.

Joseph Campanelli has run large publicly traded companies such as Sovereign Bancorp and Flagstar, but he seems more energized after agreeing to become CEO of Needham Bank, a depositor-owned mutual in Massachusetts.

Cardtronics has completed its acquisition of Canadian ATM operator DirectCash Payments.

A little more than two years after Community National Bank in Great Neck, N.Y., agreed to sell itself, Stuart H. Lubow, its former chairman and CEO, has jumped back into banking.

Corzine Settlement; Deutsche Fills Post; Student loans

Regulators here made strides to encourage innovation in 2016, while Brexit cast doubt on the London fintech boom. Yet the cross-Atlantic payments battle is just beginning.

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: Walmart and Visa end Canadian fight; Amazon plans a bookstore in NYC; Salesforce invests in e-commerce tech; ATMs and cybercrooks are busy in the U.K.

A little more than two years after Community National Bank in Great Neck, N.Y., agreed to sell itself, Stuart H. Lubow, its former chairman and CEO, has jumped back into banking.

American Express has prevailed in its latest round of legal sparring with the Justice Department.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

American Express has prevailed in its latest round of legal sparring with the Justice Department.

When Diebold wrapped up its $1.8 billion Wincor Nixdorf acquisition last August, there was one asterisk on the deal: The U.K. Competition and Markets Authority (CMA)—which this week threw a flag on Mastercard’s proposed acquisition of VocaLink—wanted to explore whether the ATM network giants’ merger stifled local competition.

For years, there's been a lot of talk about personal information as an unalloyed asset. But by now it should be clear that the more information a company has about its customers, the bigger a target it is for hackers.