Banking

Financial Institutions already disclose their agreements with schools that allow marketing of credit cards, but the Consumer Financial Protection Bureau said that should be extended to debit, prepaid and other products as well.

After clashing with regulators and being blacklisted by many banks and credit unions, many emerging-payments companies are seeking a warmer welcome outside the U.S.

The diverging responses of the nation's biggest bank and its largest retailer illustrate the broad divide that the Federal Reserve will be seeking to bridge in its effort to encourage a speedier payments infrastructure within a decade.

A credit union executive told the Senate Judiciary Committee Tuesday that so-called patent troll abuse is harming credit unions and other small financial institutions.

Keith Darcy, longtime head of the Ethics & Compliance Officer Association and former director of E-Trade Bank and New York National Bank, has joined Deloitte's compliance group as a senior advisor.

Discover Financial Services (DFS) has joined the Fast Identity Online Alliance, or FIDO, a group of companies working to develop new standards for online authentication.

As branch traffic declines, community banks are considering how to enter new markets with products such as online and mobile banking.

PNC's decision to slim down and overhaul its branch network could inspire other banks to follow suit and finally start rethinking their expensive and outdated physical locations. American Banker editors discuss why most banks need to close down more branches, and why some regional and community banks remain committed to their existing networks.

TransUnion announced Tuesday that it completed the acquisition of Boca Raton, Fla.-based TLO, a risk information and analytics company.

TransUnion's annual auto loan forecast calls for increases in both delinquency and debt levels during 2014.

Branches are outdated, expensive and unwieldy. For years, bankers have postponed dealing with the dead weight. Now it looks like they’re starting to make the necessary hard decisions. Finally.

Community banks' prospects will improve if they accept that the financial services industry is changing. They must re-examine strategies and business models, and experiment and improvise to exploit new opportunities.

Amalgamated Bank of Chicago has named David Knopp its next president.

The mortgage technology firm Capsilon has improved a product to allow banks to transfer loans to financial firms and government-sponsored entities, it said Tuesday.

New York Attorney General Eric T. Schneiderman on Tuesday announced a settlement with Manor Resources LLC, a Delaware company that offered short-term auto title loans, secured by borrowers’ vehicles, at usurious rates of interest.

Union First Market Bancshares (UBSH) in Richmond, Va., plans to remake its board and expand its executive team after acquiring StellarOne (STEL) in Charlottesville, Va.

A new application delivery controller has shaved ten seconds off ATM transaction time.

LNB Bancorp (LNBB) in Lorain, Ohio, has sold $3.7 million of stock as part of a plan to exit the Troubled Asset Relief Program.

M&T Bank's (MTB) long-delayed purchase of Hudson City Bancorp (HCBK) could be held up until the end of 2014.

Banks will soon have one more way to spend their marketing dollars online.