Commercial lending

Just weeks after it shook up its executive ranks and suspended efforts to pursue new customers, the New York-based business lender confirmed Friday that it is eliminating dozens of jobs.

A federal judge heard arguments from ICBA and NCUA on whether to dismiss the banking group's legal challenge to the credit union regulator's changes to the member business lending rule. A decision on the dismissal could come as early as January.

Travelers passing through Grand Central Terminal at the height of the evening rush hour Thursday were met with the sound of beating drums and war whoops from several dozen Native Americans protesting the Dakota Access Pipeline. They had traveled all the way from the Dakotas, they said, to bring their case to the Big Apple.

Capital Business Credit, a New York-based business finance company, has been acquired by a San Francisco-based lender.

The National Credit Union Administration rule expanding member business lending introduces new risks and lacks legal basis.

Pacific Premier in California has been firing on all cylinders when it comes to lending, but it needed low-cost deposits. Buying Heritage Oaks Bancorp will do just that.

F.N.B. Corp. in Pittsburgh has hired an executive to lead its new Charlotte, N.C., office after it completes its deal for Yadkin Financial.

BlueVine, an online small business lender based in Redwood City, Calif., said Wednesday that it has closed a $49 million funding round.

Fifth Third Bancorp has invested in an online lending firm that makes loans to franchisees of popular retail chains.

Some are replacing legends, others are overseeing major mergers or product launches, and at least one big-bank CEO is on the hot seat. These are the industry executives to keep an eye on in the new year.

A week after the Office of the Comptroller of the Currency created a new federal charter for fintech firms, California's financial regulator is calling on other states to work together in making their licensing system more palatable to companies.

OnDeck Capital, the New York-based online small-business lender, has obtained a $200 million revolving debt facility from Credit Suisse.

As regulators open the door to fintech firms applying for bank charters, what has already been a long journey to this point is only going to get more intense.

A dozen publicly traded banks have raised more than $1 billion in recent weeks, taking advantage of surging stock prices. Additional banks are expected to follow, setting the stage for more M&A and other growth moves.

The Office of the Comptroller of the Currency faces a challenging task as it attempts to add financial inclusion requirements to its pending fintech charter without following the exact blueprint of the Community Reinvestment Act.

U.S. Bancorp in Minneapolis has raised its expectations for its net interest margin in the fourth quarter, citing the recent increase in benchmark rates.

And that was only the beginning. Bank CEOs speaking in New York provided a long list of financial reforms that they would like to see under the incoming Trump administration.

Key details — like exactly how many regulations companies will face — remain to be worked out on the Office of the Comptroller of the Currency's new limited-purpose charter for fintech firms, leaving the industry divided on whether the charter is a good idea.

Construction loans are a big source of interest income for community banks but also carry a lot of risk. A few fintech firms say their platforms can reduce the risk and improve the lending process.

The Office of the Comptroller of the Currency will start granting limited-purpose bank charters to fintech companies, but intends to maintain high standards for new entrants.