Banking

Tax compliance provider Avalara has made many connections within the payments industry to respond to merchant demand for built-in tax reporting functions at the point of sale.

Sun Bancorp (SNBC) in Mount Laurel, N.J., has hired three industry veterans to expand its commercial lending in New Jersey.

The Bank of England has formally launched CBEST, a new framework designed to help identify areas where the financial sector could be more vulnerable to sophisticated cyberattacks.

JPMorgan Chase is sticking with its projections of 5% loan growth this year because of positive signs in auto, credit card, CRE and other categories, an official said. Next year may see similar improvement.

PayPal is rebranding its Bill Me Later instant credit product to PayPal Credit.

The Holding family has held large stakes in several banks for years; two of those banks are finally merging as part of a $637 million deal.

LenderLive Network is expanding its correspondent lending channel by offering to buy jumbo mortgages from members of the Independent Community Bankers of America.

Upbeat comments from executives at Capital One and Discover are backed up by new data on card spending and loan growth.

U.S. Bank has opened a tony branch at Starbucks Center in Seattle, which houses the coffee chain's 4,300-employee headquarters as well as the offices of other large corporations and startups. It is part of a broader strategy to target high-end consumers.

Capital One Financial (COF) in McLean, Va., is piloting a new service aimed at protecting its customers from possible fraud.

A new trade group is making an effort to educate veterans about the lesser-known, low-down-payment, government-backed loan program, while the Department of Veterans Affairs works to clarify rules and recruit appraisers.

The Consumer Financial Protection Bureau Wednesday said it will take a harder look into mobile financial services to see the potential for consumer harm and determine the impact on the underbanked.

Struggling North Milwaukee Bancshares is asking its home city for a cash infusion, but the city has so far been reluctant to make a commitment.

Metro Bancorp (METR) in Harrisburg, Pa., is facing pressure from an investor to sell itself.

Share of The Bancorp (TBBK) plummeted a day after the Wilmington, Del., company disclosed that it had been hit with a consent order tied to the Bank Secrecy Act.

Some regional and large community banks are retaining more mortgages for investment because better-than-average deposit growth has given them extra cash they need to deploy. However, they are selective about which mortgages they keep.

A number of banks are looking at checking accounts without overdraft fees or check writing as a way to reach new customers and deepen relationships.

A payment processing company has settled charges that it helped facilitate a credit card interest rate reduction scam that bilked tens of thousands of consumers out of nearly $10 million.

FFIEC guidelines issued late last year are slowing technology buying decisions, increasing costs and in some cases, forcing banks to think twice about outsourcing certain IT functions.

Monitise (MONI) has launched Monitise Create, the company's mobile innovation, design and development services arm, in North America.