U.S. Bank

Large grocery chain widens ban on Visa credit cards


The move by Kroger Co. comes in response to rising interchange fees on Visa's premium credit cards. The cards will be banned at 142 Smith's stores in the western U.S.


U.S. Bancorp expands borrowing options for corporate clients


The new asset-based securities lending unit, based in Charlotte, N.C., will provide warehouse lines of credits to nonbank consumer and commercial lenders.


One banker’s take on the Consumer Electronics Show


Todder Moning of U.S. Bank scoured the 2.7 million square feet of the Consumer Electronics Show this week. Here’s what he liked, what he thinks bankers could work with ... and what he thought was weird.


Can AI’s ‘black box’ problem be solved?


Bank technologists see the potential for AI in lending, money laundering detection, fraud and other areas. Regulators and bank executives insist on “explainability.”


U.S. Bank, Citi freed from Obama-era enforcement orders


The Office of the Comptroller of the Currency announced Friday that it has lifted restrictions relating to U.S. Bank's flawed efforts to prevent money laundering and Citi's deceptive marketing and billing practices.


Quicken's new credit card lets users track spending in real time


The card is being launched in partnership with U.S. Bancorp, which will handle the underwriting and provide the credit.


Payday lender's emails tell a different story on Choke Point


Top executives at Advance America acknowledged that anti-money-laundering concerns at banks were likely the cause of account terminations, even as they publicly blamed a stealth regulatory campaign.


There’s no excuse for ignoring the unbanked, big banks’ own data shows


Information about new account holders pulled from Bank of America, JPMorgan Chase, U.S. Bank, and Wells Fargo contradicts the notion that the previously unbanked turn into costlier customers.


U.S. Bancorp to shed more than 700 jobs


The Minneapolis company said in an email to American Banker that it would reduce its headcount by approximately 1%, or about 740 positions, across the company.


The way to Amazon- and Apple-style loyalty? Reinvent the branch


A reimagined local experience is the best way banks can forge emotional connections with their consumers, industry experts say.