As the government shutdown stalls key housing programs, lenders are shifting tactics to keep loans moving and preparing for bigger challenges ahead.
Faster lending, mobile app enhancements and seamless channel hopping are all priorities top bank tech executives have for the new year.
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A proposal by Sen. Josh Hawley to cap credit card interest rates deserves to be taken seriously, but requires far more detail than the legislative language provides.
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As Apple and Android enable smartphones to accept payments with little setup, an exec at the bank's Elavon unit contends countertop devices have a lot of life left.
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Alyssa Henry will leave Square on October 2 after nine years at the helm, the Block unit said in a regulatory filing. Square founder Jack Dorsey will once again take the reins as chief executive.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
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Morgan Stanley named Jim Rosenthal chief operating officer to succeed Thomas Nides, who left to take a position at the State Department.
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Two credit chiefs have left Citadel Securities along with a high-raking equities executive, according to several reports.
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Steadfast Networks, which is trying to create a network for financial trading, has taken a step toward that goal by acquiring Radius IT.
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Shifting to digital processes requires rethinking staffing levels and responsibilities. Mid-America Mortgage CEO Jeffrey Bode outlines how his company has adjusted.
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LoanDepot's CEO Anthony Hsieh delivered a bracing message to mortgage lenders on Monday — strong new competitors are coming into this market, so they need to expand their offerings.
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Loan officers whose habits are attuned to the refi market need to improve their relationship game to make it in this business, NBKC Bank's Dan Stevens told attendees at Digital Mortgage 2018.
Financial institutions need to reconsider the logic and intuitiveness of their website design. They could also introduce free credit scores and capitalize on generative AI, experts say.
The tiny community bank handled hundreds of millions of bulk cash shipments from Mexico without red-flagging any of them, the agency said. The bank has filed a motion to dismiss.
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The digital migration caused new risks, and new responsibilities for security professionals.
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Fake fundraising or phony customer service tricks people into handing over money or account details, Yinglian Xie of Datavisor writes.
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So far, mostly larger businesses are embracing digital payments, says Avidxchange's Cameron White.
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The cards, which are expensive, have not grown quickly. But payment companies are angling for a pickup.
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The dollar-backed digital assets have to clear many hurdles before they find a place in the future of finance, speakers at a Columbia University event said.
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The bank teamed up with Euronet Worldwide subsidiary Dandelion for cross-border payments to digital wallets in the Philippines, Indonesia, Bangladesh and Colombia in an optionality play.
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S&T Bancorp is shuffling its board structure as Chairwoman Christine Toretti plans her departure; Philip Bohi is named general counsel of the American Financial Services Association; Coastal Community Bank appoints Brandon Soto as its new chief financial officer; and more in this week's banking news roundup.
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The Olympia, Washington-based acquirer expects the all-stock acquisition of Kitsap Bank's holding company to close in the first quarter of 2026.
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The Harrisburg, Pennsylvania, community bank agreed to acquire 1st Colonial Bancorp in Mount Laurel, New Jersey, in a $101 million deal that would help deepen its presence in greater Philadelphia.
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The company is selling its Genius platform to large restaurant and entertainment companies in an attempt to counter the wave of improvements from its rivals.
Federal Reserve Bank of St. Louis President Alberto G. Musalem would not directly say whether central bank independence is under threat, instead highlighting that the topic has received more attention.
The 23rd annual ranking of women leaders in the banking industry.
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