ABI Blog Exchange

The company aims to help borrowers apply for home loans in as little as 15 minutes by automating immediate validation of bank information used in qualification.

The incoming Biden administration must take steps to block mergers that could create monopolies, such as Visa's pending acquisition of a competitor.

The Waterbury, Conn., parent company of Webster Bank joins a fast-expanding list of banks reducing the size of their branch networks to save money and focus on digital capabilities.

On December 3, 2020, Francesca’s Holding Corporation, a Houston-based apparel, jewelry, accessories, and gift retailer with approximately 558 locations in 45 states, and its subsidiaries filed petitions for relief under Chapter 11 of the Bankruptc

The company is looking to shutter 10 of its 63 branches over coming months, reflecting a shift in customer preferences.

Acquirers shelved plans to buy banks this year as the coronavirus became widespread but a combination of factors in the months ahead could spur the confidence to restart those conversations.

Thanks to a frenzy of transactions in the past week, 2020 is already the second-busiest year since the financial crisis for deals involving banks, financial technology companies, insurers and asset managers.

The initiative is the latest offshoot of Project REACh, which was developed by the OCC over the summer to bring together bankers, community leaders and civil rights organizers in an attempt to expand access to credit.

The economic fallout from COVID-19 has highlighted systemic concerns about commercial real estate exposure, business debt and short-term wholesale funding, the Financial Stability Oversight Council said in an annual report.