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Now that dispersed workforces are expected to be the long-term norm, banks are taking steps to maintain a sense of teamwork and giving managers new training in troubleshooting.

The data aggregator assembled a group of technology companies that has developed a set of security standards for startups. It is open for comment ahead of an anticipated implementation in the second half of next year.

Daily edition for November 16, 2021

Advocates negotiating with the Minneapolis bank also want commitments for mortgage assistance and payouts to financial nonprofits. The pressure for Federal Reserve hearings coincides with Biden administration calls for more scrutiny of big bank mergers.

Patriot National Bancorp was exploring a digital pivot, and American Challenger Development Corp. had been seeking a bank charter in its quest to become open an all-digital bank. They decided it was quicker to join forces.

The $3.6 billion-asset Canvas Credit Union in Lone Tree is combining with the $173 million-asset Western Rockies Federal Credit Union in Grand Junction.

The company’s software analyzes banks’ loan programs and rejections for signs of discrimination.

The Federal Housing Administration’s capital fund is at a 14-year high, which industry groups say is proof borrowers are paying to much for mortgage insurance. But with elevated delinquencies resulting from the pandemic, officials said they remain cautious about pricing.

Year to date Jun. 30, 2021. Dollars in thousands.

On Jun. 30, 2021. Dollars in thousands.

On Jun. 30, 2021. Dollars in thousands.

If the French megabank retreats from the U.S. retail banking market, it would be the fifth foreign-owned company to do so in the past 12 months.

A bipartisan team of U.S. senators is introducing a bill to narrow some cryptocurrency tax reporting rules that were laid out in the infrastructure legislation that’s set to become law on Monday.

The acquisition of First Sound Bank would give the fintech a lending platform to go along with its deposit-gathering capabilities. It would be BM's first buyout since being spun off from Customers Bancorp last year.

The bank was fined $150 million for anti-money-laundering violations because it missed — or ignored — numerous red flags in its dealings with the convicted sex offender. Here's what it should have done differently.