Banking

News and Articles About Banking

Senators Push Treasury Department to Loosen Marijuana Banking Restrictions
Cannabis

Senators Push Treasury Department to Loosen Marijuana Banking Restrictions

Senators Elizabeth Warren and Bernie Sanders want regulators to stop penalizing legitimate vendors hired by marijuana businesses left in a legal gray area between state and federal law.
dispensaries.com
Why Fintech Has Failed to Supplant Big Banks - So Far
Financial Tech

Why Fintech Has Failed to Supplant Big Banks - So Far

In round one, it all came down to cost of capital, but soon a second wave of fintech firms will properly exploit their technological advantage.
Toby Russell
Survey Finds Oregon Residents Support Banks Working With Marijuana Industry
Cannabis

Survey Finds Oregon Residents Support Banks Working With Marijuana Industry

Banks and credit unions often cite "reputational risk'' as a reason for not working with cannabis businesses but research shows there is little risk they would be stigmatized.
dispensaries.com
Will Fintech Kill Traditional Banking or Simply Help It Reinvent Itself?
FinTech

Will Fintech Kill Traditional Banking or Simply Help It Reinvent Itself?

The best of breed Fintech disruptors are embracing the banks and working with them.
Nathan Sinnott
Warren to Wells Fargo: Promises to Treat Customers Better After Scandal Are 'Meaningless'
Wells Fargo

Warren to Wells Fargo: Promises to Treat Customers Better After Scandal Are 'Meaningless'

In a Facebook post on Monday, the senator criticized Wells Fargo & Co.'s decision.
Early Days, But Apple Pay Struggles Outside U.S.
Apple Pay

Early Days, But Apple Pay Struggles Outside U.S.

More than 18 months after Apple Pay took the United States by storm, the smartphone giant has made only a small dent in the global payments market, snagged by technical challenges, low consumer take-up and resistance from banks.
John McAfee: Electronic Currency Is Inevitable, and We Must Accept it
Entrepreneur Network

John McAfee: Electronic Currency Is Inevitable, and We Must Accept it

The cybersecurity guru says that government needs to find a way to work with companies like Bitcoin.
Entrepreneur Network
Chase Announces Plans to Allow ATM Withdrawals With Smartphones
Technology

Chase Announces Plans to Allow ATM Withdrawals With Smartphones

Initially, transactions will be conducted using a one-time pin number sent to a user's device.
Lindsay Friedman
Why It's a Bad Idea to Mingle Small-Business and Personal Banking
Run a Better Business

Why It's a Bad Idea to Mingle Small-Business and Personal Banking

You think opening separate accounts for your new business is a hassle? Just wait until you do your taxes or try getting a loan without a business credit history.
Jay DesMarteau
How the First Artist Bank Is Catering to Creatives
Startup Financing

How the First Artist Bank Is Catering to Creatives

The new bank and app are proving that artistry and finance are not mutually exclusive.
This One Stat Will Make You Never Want to Use an ATM Again
Security

This One Stat Will Make You Never Want to Use an ATM Again

Debit-card security compromises at ATMs were up this year -- by a lot.
Daniel Roberts
New York Just Issued Its First-Ever Bitcoin Banking License
Bitcoin

New York Just Issued Its First-Ever Bitcoin Banking License

The groundbreaking license granted to cryptocurrency exchange itBit signifies a momentous stride forward in the race to legitimize the fledgling digital currency.
Kim Lachance Shandrow
Why Small Businesses Are Turning to Online Lenders
Lending

Why Small Businesses Are Turning to Online Lenders

Online lenders are attractive because business owners know time, not money, is their most precious resource.
Scott Shane
How the Decline in Community Banks Hurts Small Business
Community Banks

How the Decline in Community Banks Hurts Small Business

Dodd-Frank has weakened community banks, a lifeline for many small businesses.
Scott Shane
OK

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