Mastercard’s value-added services boost revenue
The payment processing company saw increases in payment network and value-added services revenue as consumer spending remained healthy.
Exclusive: Warren slams DOJ for side-stepping tougher action against TD
Sen. Elizabeth Warren, D-Mass. said in a letter that the U.S. Department of Justice intentionally avoided threatening TD Bank’s charter to operate. She also pressed the agency to prosecute bank executives.
Cantero ruling takes center stage in Illinois swipe fee suit
A Supreme Court ruling from earlier this year regarding national bank preemption is already playing a prominent role in the banking sector’s challenge to a state law on charge card fees.
Global Payments CEO: ‘We lost a little focus’
The processor’s sale of medical software firm AdvancedMD comes as it prioritizes small-business payments, according to Cameron Bready.
New beginnings for seasoned warehouse lending executive
Drey Roberts and his team move to de novo warehouse lender Primis Bank as former home Independent Bank makes a strategic exit.
Western Union buys a digital wallet; MoneyGram gets new CEO
The global transfer companies made big moves this week, with Western Union buying Dash from Singtel Singapore, while former Walmart executive Anthony Soohoo will be the new boss at MoneyGram.
Why Provident in N.J. is bullish on loan growth
The $24 billion-asset bank fully integrated its acquisition of Lakeland Bancorp during the third quarter, and that milestone has positioned the bank for growth, executives said.
Citadel redlining case shows credit unions should be under CRA
Leaving credit unions exempt from the Community Reinvestment Act preserves a gaping hole in regulations designed to make sure that financial services firms make loans available in underserved communities across the country.
First Horizon goes it alone — together
When TD Bank’s $13 billion acquisition fell through, First Horizon was forced to quickly come up with a plan. Here’s how the bank’s culture of sharing ideas and inclusion helped.
Bank of America is the latest bank to face AML scrutiny
The megabank disclosed that regulators are looking at its anti-money laundering and sanctions compliance. Wells Fargo was recently hit with an enforcement action over similar matters.