U.S. Bank wants to disrupt the way consumers pay their bills by offering billers a new platform fit for faster payment rails, new messaging formats and digital assistants. ... Read full article
Zachary Wasserman will succeed Mac McCullough, who is retiring at the end the year. ... Read full article
U.S. Bank has hired payments veteran Peter Gordon to fill a new post as head of emerging payments product and strategy, tapping his years of experience developing real-time payments technology. ... Read full article
The two agencies requested comment on the scorecard regulators use to assess a bank's overall health as some question whether ratings are consistently applied. ... Read full article
A regulatory proposal to ease the initial margin buffer on certain derivatives trading could be harmful to the economy. ... Read full article
Readers cast doubts on regulatory attempts to jointly revamp the Community Reinvestment Act, react to Democrats berating the CFPB head, an upcoming House hearing with Facebook's CEO and more. ... Read full article
Commercial lending provided a boost for some regional banks in the third quarter, but further rate cuts and a slowing economy could challenge future growth. ... Read full article
The payment processor Galileo suffered what it described as an "operational incident" that caused more than 24 hours of outages at the fintechs Chime and Varo Money. ... Read full article
In her second day of congressional testimony, Kathy Kraninger took heat from Senate Democrats for weighing in on constitutional questions about her agency and for her enforcement track record. ... Read full article
As some of Facebook's partners pull out of the Libra cyrptocurrency project, Sen. Mike Rounds, R-S.D., encouraged a company located in his state to remain involved. ... Read full article
The companies say they're working hard to complete their deal this year — including spending millions on retention payments and other items — but there's no guarantee how quickly regulators will make their decisions. ... Read full article
Venmo’s P2P social payment app has become a major part of PayPal’s retail strategy, a play that’s getting a boost from a Synchrony co-branded credit card. ... Read full article
The four prudential agencies, which will enforce the new credit loss methodology developed by the Financial Accounting Standards Board, said they want to promote consistency. ... Read full article
The Senate Banking Committee chairman said he wants to revise legislation enabling banks to serve marijuana businesses to ensure it does not benefit vaping providers that have sparked safety concerns. ... Read full article
As the administration gears up to end a decade of government control of Fannie and Freddie, are there any good options? ... Read full article
The former House Financial Services Committee chairman follows other notable former officials who went to the think tank after government careers. ... Read full article
The banking industry will continue its fight against the credit-loss rule; the bank posted gains in consumer, wealth management and commercial lending. ... Read full article
The accounting board delayed implementation for the majority of banks and credit unions until 2023. ... Read full article
The Pittsburgh company’s “branch lite” approach to retail and middle-market banking in new markets will break even sooner than expected and has had a noticeable impact on loans and deposits. ... Read full article
The Minneapolis company attributed the uptick to new tech tools, additional loan officers and other process improvements — not to mention the refi boom fueled by lower rates. It’s a formula other banks are expected to copy. ... Read full article
