The Consumer Financial Protection Bureau said it will stop publishing consumer complaint narratives, citing concern that the information is one-sided.
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United Bank and Five Points Bank, both ranked among the top-performing banks by Capital Performance Group, said they have stayed in the mortgage business because they see it as a way to build strong relationships in the communities they serve.
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In American Banker's ranking of banks with the strongest metrics, here is this year's list in the $10-$50 billion range, based on data from Capital Performance Group.
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A recipe of no securities, mostly adjustable-rate loans and a cheap rural deposit base made the Texas bank the top performer in the $2 billion-$10 billion asset class.
As community banks lean on third-party vendors to keep up with AI developments, executives say regulatory standards must be put in place to account for the increased risk they face.
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As AI agents promise a future where payments self-execute and investment portfolios rebalance without human intervention, some fear that retail banking is the next logical evolution for agent-led automation. Financial institutions may not be doing enough to stop it.
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American Banker's digital asset index found growth in digital assets is outpacing stablecoins.
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Amid threats from immigration policy and emerging fintechs, International Money Express, a global remittance company and $500 million acquisition target for Western Union, reported a 18% year-over-year decline in revenue in the second quarter with analysts questioning whether the purchase holds the same value as it did a year ago when the deal was first announced.
The cash-and-equity deal will add a fast-growing ETF issuer to the Wall Street giant's roster of offerings.
Depository institutions filed about 3% of the suspicious activity reports Fincen counted but accounted for 61% of the dollars — roughly $3 billion.
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In a contentious hearing in the House Financial Services Committee, congressional Democrats evinced serious skepticism about the Federal Home Loan Bank System. That could bode ill for the Home Loan banks should control of the House flip in November.
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The future of on-chain finance in the U.S. is dependent on there being statutory certainty about the rules of the road. The Clarity Act may not be perfect, but passing it is essential to maintaining U.S. leadership in the field.
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The Federal Home Loan Bank System is a vital part of the country's housing market, but over the years, misunderstandings and misleading statistics have muddied the picture when it comes to assessing their importance.
There's been an onslaught of nonbank financial technology company charter applications and approvals already this year.
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Women are projected to receive more than $100 trillion in the so-called great wealth transfer. But their planning needs can differ from men's.
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With trillions on the table, advisors who know how to start conversations with clients' heirs risk losing far less than those who don't.
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Retirement savers often don't realize what they're paying in fees or how much they can lose by leaving rollover cash uninvested, but advisors can help on both fronts.
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The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
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For the past three quarters, more bank branches have opened than closed. It's a trend, though a slight one.
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The new record arrives after five months of annual home-price growth, which surged to its highest in more than a year, according to ICE Mortgage Technology.
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Web designer Bonfire Studio asked ChatGPT for advisor recommendations in five metro markets. The results give advisors more reason to tend to their online presence.
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A succession merger deal that was nearly 10 years in the making at Nebraska-based Prairie Wealth Advisors offers a lens into the many factors involved with the wealth management industry's looming financial advisor retirements.
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Altruist has earned legions of fans among financial advisors for sleek technology and low, clear fees. But its critics question whether that is enough to catch up to the giants that have dominated the business for decades.
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As clients ask advisors for help navigating caregiving resources, advisors who are able to provide trusted referrals may find clients return the favor with referrals of their own.
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The company, which says it serves 93% of credit unions, expects most key processes to run by mid-August. Its status page still said "Investigating" Wednesday.
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Structural change in banking is rarely defined by technology alone. Rather, leaders who know when to invest, where to modernize and which risks are worth taking are driving it.
The 23rd annual ranking of women leaders in the banking industry.
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