2020-08-26
The Los Angeles company will remain a community development financial institution when it acquires the parent of City First Bank in Washington.
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2020-08-26
Fannie and Freddie’s regulator said it will delay imposing the 0.5% fee until December 1; JPMorgan Chase is also making a strategic investment in buyer in the fintech, ConsenSys.
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2020-08-26
"It's on-demand capital for us," Optus Bank's CEO says of the payment company's deposit. The funds are part of PayPal's broader effort to confront race and income inequality.
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2020-08-25
Citigroup’s $900 million payment blunder in a usually sleepy part of the financial market dominated by a handful of banks has experts wondering if regulators will uncover a deeper problem.
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2020-08-25
The former chairman of the National Credit Union Administration served at the agency during a crucial time for regulatory reform and credit union growth, though his tenure also had its share of scandals.
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2020-08-25
The mortgage giants were criticized earlier this month for a plan to charge an "adverse market fee" to protect against losses resulting from the pandemic.
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2020-08-25
The bank will outsource future development of Quorum to the software firm.
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2020-08-25
The agency solicited input on the effects of the CARD Act regulations as part of a statutory requirement that the bureau review policies 10 years after they are implemented.
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2020-08-25
The former SoFi chief’s latest startup, Figure, has created what it says is a transparent marketplace for buying and selling assets.
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2020-08-25
The company will offer retail installment loans up to $40,000 through a partnership with Mastercard's Vyze unit.
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2020-08-25
The product, which is also aimed at community banks, includes a "take-back" option that allows consumers to withdraw extra funds they've paid that go beyond their monthly scheduled mortgage payment.
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2020-08-25
The $18.8 billion in net income was 70% less than a year earlier as the uncertain economic picture and new accounting rules drove a sharp rise in provisions for future losses.
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2020-08-25
If Congress wants to provide better access to banking services for low-income and rural Americans, they would be wise to consider financial services partners that operate as a not-for-profit model.
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2020-08-25
Whether the number of deals for 2020 can come close to last year's record-setting level will come down to one question: Can community banks generate strong enough profits in the second half to justify their independence?
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