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Net income and loan volumes at the Michigan-based credit union were both down in 2020 but noninterest income shot up 41% thanks in part to participation in the Paycheck Protection Program.

Acquiring AmeriHome would provide the fee revenue the Phoenix company seeks to compensate for low interest rates and tepid commercial loan demand. The deal also would allow it to reinvest billions of dollars of excess liquidity.

I2c and Unifimoney change incentives to fit market conditions, rather than focusing primarily on boosting consumer spending.

Origination volume hit a record high in 2020 as more borrowers tapped the equity in their homes and investors and second-home purchasers flocked to the market at levels unseen since before the Great Recession.

Exposure to one of the fastest growing and most controversial corners of the crypto world is now available in an index fund format.

The nod from the Federal Reserve is seen as a significant step toward eventually freeing the bank from a 2018 order that imposed a cap on its assets.

Few businesses accept bitcoin for payments, but as Tesla and other big companies get on board that could change, says T1 Payments' Donald Kasdon.

Patricia Wesenberg spent more than two decades at the Wisconsin-based institution. She retired in October to deal with health issues.

Norwegian browser Opera Limited has launched Dify, a wallet that will support payments and cash-back rewards through a virtual Mastercard debit card.

A back-office blunder is leaving the financial behemoth faced with the prospect of becoming one of the biggest creditors to the troubled cosmetics empire.