News Topic: Consumer banking

Under changes announced Tuesday, the San Francisco company will provide a one-day grace period on overdraft fees to its direct deposit customers. It also eliminated overdraft fees on all transactions of under $5. ... Read full article

When a coder locked $150 million of digital currency stored in Parity digital wallets last week, many bankers probably saw it as another reason to ignore cryptocurrencies. Instead they should recognize the business opportunity (key custody) that the ... Read full article

As the banking industry moves closer to adopting a faster payments system, bank executives have begun to think through the impact it will have on clients and banks themselves. ... Read full article

The sexual harassment tsunami continues, with stories from Fidelity and France. The woman behind Capital One's new chatbot drew on her experience creating animated characters for Pixar. And Wells Fargo whistle-blowers speak out. ... Read full article

Readers chime in on the idea of a state-backed bank to serve the cannabis industry, data-sharing between banks and fintechs, whether community banks can just focus on tech laggards, and more. ... Read full article

Dinesh Chopra is online bank's first-ever chief strategy officer. ... Read full article

Fintechs should learn to value risk management — and the necessary bureaucracy that comes with it, bankers said this week in defending themselves again criticism that they are a pain in the neck to work with. ... Read full article

Mobile banking, oddly enough, is redefining the role of call center agents as customers handle routine tasks on their smartphones and reach out for help with bigger-picture questions. ... Read full article

The heads of some of the largest U.S. banks are calling for a new security-focused mindset among executives, better forms of ID and collective action in the aftermath of the Equifax breach. ... Read full article

Rather than pull up stakes and leave two low-income Mississippi towns at the mercy of payday lenders, Regions Bank donated the branches to a local credit union and kicked in another $500,000 for operating costs. ... Read full article

The fintech is partnering with Choice Financial in North Dakota to create a Douugh-branded checking account and debit card that will prominently feature an AI-based virtual assistant named Sophie. ... Read full article

Wells Fargo & Co. added $1 billion in the third quarter to what it says the bank may face in possible legal expenses. ... Read full article

Top banking executives called the Republican tax plan an important first step toward tax reform and economic stimulus, but questions immediately arose about whether trade-offs and complexities in the bill would undercut it. ... Read full article

The belief that all banks must jump on board with the latest high-tech features is overblown — at least for community banks. Success comes from monitoring and satisfying your own customers. ... Read full article

The Puerto Rico-based company set aside nearly $70 million for anticipated losses related to Hurricanes Irma and Maria. ... Read full article

That loan growth helped boost the San Antonio bank's profit by 16.5% year over year. ... Read full article

The bank’s 3Q results will make it harder for the CEO to win over some investors skeptical of his strategy to build up the investment bank, and he is already the subject of a whistleblower investigation by regulators. ... Read full article

The McLean, Va., company dialed back its lending in the quarter as credit quality in several business lines weakened. ... Read full article