BECU is expanding into small business services. The $4.6-billion credit union is defining small business as those with up to $10 million in annual sales and up to 100 employees. BECU began offering small business services at two of its 20 Credit Union Express Service Center locations, with a rollout across all its branches to follow by the end of this year. The credit union plans to offer small business services at all BECU locations by the end of 2004. "This is uncharted territory for the credit union, and we want to make sure we provide the highest quality service," said Arnie Gunderson, director of small business services at BECU. "We're planning to concentrate on serving our existing members who are small business owners before making a broader announcement to the general marketplace."
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Federal Deposit Insurance Corp. Chair Travis Hill said in remarks Wednesday that privacy and know-your-customer gaps remain for banks that work with public, permissionless blockchains, and that the agency may need to clarify how banks can interact with them.
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Banks that don't offer buy now/pay later risk pushing customers—especially younger ones—into fintechs' arms.
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Over the course of its first year in office, the second Trump administration has neutralized the enforcement of key civil rights laws by reorienting Consumer Financial Protection Bureau rules and eliminating "disparate impact," that allows banks to be penalized for the discriminatory effects of policies without proving discriminatory intent.
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The former Rocket employee said she faced pressure to resign after requesting remote-work accommodations and leaves of absence to deal with health conditions.
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Realtors and loan officers are wary of using artificial intelligence in place of a real estate agent, after a homeowner claimed to realize meaningful savings.
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In an interview at ICE Mortgage Technology's annual conference, Bob Broeksmit also expressed skepticism of market dominance among just a few large lenders.
March 17









