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The credit card lender reported a decline in pretax earnings, but a sharply reduced tax bill led to a 17% profit gain. ... Read full article

The details about political donations to over a dozen lawmakers raise fresh questions about the payday lending sector's influence in Washington. ... Read full article

Record originations on "better-yielding" used-car loans helped drive a 14% increase in its first-quarter profit. But Ally's shares were down Thursday on concerns of rising deposit costs. ... Read full article

The senior official said U.S. regulatory agencies should not rush to complete certain final aspects of Basel III, to prevent the new standards from conflicting with existing rules. ... Read full article

On one hand, banks could face regulatory pressure to restrict services to the firearms industry. But banks that take a strong stand also risk the wrath of GOP lawmakers opposed to such restrictions. ... Read full article

The senior GOP lawmaker appeared to acknowledge concerns that expanding the bill could harm Democratic support. ... Read full article

Using Orchard’s data science smarts, Kabbage intends to offer new payment products to small businesses and loan portfolio insights to financial institution partners. ... Read full article

Japan's biggest bank has been accused by New York officials of dodging tough oversight by swapping its state license for a federal one, putting itself under a U.S. agency on the front lines of President Donald Trump's push to ease financial ... Read full article

Bank of America's new policy denying loans and other services to certain gun makers came after dozens of employees lost family members or suffered other trauma related to mass shootings in the past few years, CEO Brian Moynihan said. ... Read full article

Alice Milligan, its chief digital client experience officer, said the company dedicated itself to delivering what customers really want and that more features are on the way. ... Read full article

PayPal and Barclays have formed a strategic partnership enabling Barclays customers in the U.K. and U.S. to manage their Barclays and PayPal accounts within each app. ... Read full article

The measures will lead to a “significant reduction” in the roughly 97,100-person workforce this year, the German banking giant said. ... Read full article

The most satisfied customers are those who frequently use online or mobile banking, but still visit branches two or three times a month, J.D. Power said in its annual Retail Banking Satisfaction Study. ... Read full article

Bank’s net income plunges, will focus on Europe growth; FTC says the company charged hidden fees. ... Read full article

Banking apps now rank just after weather and social media in usage. Alice Milligan, chief customer and digital experience officer at Citi Global Cards, shares the results of the bank's survey of 2,000 Americans. ... Read full article

Spending on Visa Inc. debit cards — the favored plastic of the younger set — continues to grow at a faster clip than on credit. ... Read full article

The Federal Trade Commission alleges in a lawsuit that the company's "no-hidden-fee" pledge is deceptive. LendingClub says the claims are unwarranted. ... Read full article

Grayson Hall has served as CEO since 2010. He will leave the post in July but remain executive chairman through the end of the year. ... Read full article