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Fringe Benefits Design in Bloomington, Minnesota, will become a consultant of the buyer's Benefit Plans Administrative Services unit.

The Spanish bank’s U.S. holding company said it will pay a premium to purchase the publicly traded shares in Santander Consumer Holdings. The proposal is subject to the approval of the auto lender’s board of directors.

The number of grievances about evictions and federal student loans declined between January 2020 and May 2021. Nonetheless, the Consumer Financial Protection Bureau warned financial firms that poor customer service can undermine government efforts to provide aid.

Fraudsters use different tactics based on their intended victims, and banks like Republic Bancorp and Wells Fargo are targeting the kinds of notices they send — and which channels they direct them to — in response.

Building on renewed consumer interest in digital payments, companies such as linked2pay and Pax are making it easier for retailers to add options like ACH and to import shopper data into back-office systems.

The company will increase annual base salaries by up to $25,000 in an effort to retain younger staff facing burnout from working long hours during the pandemic.

Mark Schroeder will step down as chief executive after 22 years. He will be succeeded by Neil Dauby, the Indiana bank's president and chief operating officer.

Community banks support legislation that would exempt them from paying tax on interest earned from farmland loans, arguing it would make them more competitive with government-backed lenders and expand access to credit in rural areas.

Tens of millions of consumers diligently pay their rent, utilities and other bills every month yet have no credit history. Supplementing traditional credit scoring with such data will promote equity and upward economic mobility, says the CEO of Experian North America.

The timepieces are meant to appeal to consumers who are comfortable with wearable payments but prefer something simpler than a high-end smartwatch.

All public companies could be on the hook for detailing climate-related risks — including those of clients. The data-gathering burden might be especially heavy for banks, industry officials say, because they lend to and invest in so many companies across so many industries.

Daily edition for July 02, 2021.

The deal is expected to generate for significant cost savings that could Mid Penn could then use to fund its expansion in the Pittsburgh market.

The National Credit Union Administration issued three prohibition orders in June, barring those people working for any federally insured financial institution.

Langley Federal Credit Union in Newport News and Virginia Beach Schools Federal Credit Union would serve more than 300,000 members after combining.