Contifinancial Corp. has taken a 50.1% stake in American
Contifinancial will be American Commercial's primary source of financing
Headquartered in Carlsbad, Calif., American Commercial was founded this
Contifinancial Corp. has taken a 50.1% stake in American
Contifinancial will be American Commercial's primary source of financing
Headquartered in Carlsbad, Calif., American Commercial was founded this
Executives also say funding pressures have begun to ease, though high interest rates and deposit costs remain a leading worry, according to new surveys.
Regulation, credit quality and AI-fueled fraud are among the big concerns for banks and payment companies.
A federal judge has granted a preliminary injunction against the Consumer Financial Protection Bureau's credit card late fee rule, pausing it from being implemented days before it was meant to go live.
The fintech topped American Banker's annual list this year. CEO Dave Buerger attributed the company's hands-off management style as one reason that draws in and keeps workers around.
The core provider's new CEO, Stephanie Ferris, vowed to refocus on banks as FIS reboots after selling off Worldpay.
Quaint Oak Bancorp sold its majority stake in an equipment lender less than two years after the partnership helped drive record profits at the Southampton-based company.