Banking

Peter Wannemacher, senior analyst at Forrester, explains why Europe's PSD2 regulation matters to U.S. banks and why it will be a hot topic in 2017. He also shares his tech predictions for 2017 and a few contrarian warning

Online lenders could be opening doors for female entrepreneurs; the San Francisco Fed's Mary Daly talks about closing the gender gap in the research department; Barclays' UK diversity chief shares mentor-mentee relationship tips; Centric's Patti Husic creates a millennial advisory board. Carver Bancorp's former CEO is joining Citi's board and we take a look at Mary Jo White's possible successor. Plus, a look back at the year for Mary Mack, Carrie Tolstedt, Kathie Andrade and Nandita Bakhshi.

The time banks have to investigate red-flagged credit payments has shrunk from several days to a few hours and fraudsters have already taken notice.

PHH is selling its remaining residential mortgage servicing portfolio to the real estate investment trust New Residential.

If companies like Amazon, Apple and Google enter in force the battle between banks and fintech firms over customers' personal data, it could tip the scales against the banking industry.

Cash machine transactions have held steady over the past three years, despite the rise of mobile and peer-to-peer payments, according to Andy Mattes, CEO of ATM manufacturer Diebold Nixdorf. "Consumers embrace all types of payment," Mattes says.

Dime Community Bancshares in Brooklyn, N.Y., will record a one-time charge after approving changes to its employee stock ownership plan.

Daryl Tressler will retire as president and CEO of MainSource Bank in Greensburg, Ind., at the end of this year.

Green Bancorp's aggressive plan to attack its credit quality troubles and do what few Texas banks once would have dreamed of – quit energy lending – make it a subject of debate and a community bank to watch closely in 2017.

The industry doesn't want to attack the Consumer Financial Protection Bureau directly, but its push to reform the agency's leadership structure is a backdoor strike at the CFPB's very existence.

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: Netflix's password precautions; Amazon's sky-high ambitions; problems for pot distributors; and a bitcoin comeback.

The Department of Justice has agreed to a settlement with a pair of Cincinnati banks accused of redlining African-American neighborhoods in four cities in Ohio and Indiana.

As some banks warm up to the idea of open banking, several tech vendors are vying to be the intermediaries that connect them to the fintech ecosystem.

The Minneapolis company's addition of Karen Wimbish, a former Wells Fargo executive, to oversee wealth management products is one of several moves by U.S. Bancorp as it builds up its investment-advisory services.

Chemical CEO David Ramaker has a wide range of options — diversify business lines, expand organically in several Midwestern states, pursue M&A or all of the above — following his recent acquisition of Talmer. But new challenges accompany Chemical's higher profile, too.

The New York State Department of Financial Services has modified its cybersecurity rule after bankers registered complaints at a hearing in Albany last week.

As the banking environment demands a different skill set for those operating leaner branch networks, institutions should look at tellers as a longer-term human resource with growth potential.

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: Amazon's Alexa gathers evidence and sales; medical devices may become malware targets.

Consumers, particularly younger people, are placing an importance on being able to obtain a plastic card in a branch and use it right away.

Opus Bank completed a $509 million securitization of its multifamily loans through a Freddie Mac-sponsored "Q-deal" risk-transfer securitization, the company announced Tuesday.