Digital Mortgage Direct Page

Citigroup plans to hire more than 4,000 tech staff to help move its institutional clients online in the wake of the pandemic.

Banks and fintechs wonder if regulators are getting more comfortable with machine learning-based ways of assessing credit, or if agency oversight will mean a crackdown. 

The credit union has promoted Daniel Wolford to be its president and CEO. He succeeds Jeffery Trickett, who recently retired.

The boost in the transfer ceiling — to $1 million from $100,000 — is opening new use cases for firms such as Dwolla that connect to the transaction rail.

For all of the regulators’ progress over the years, many are still relying on an internal technology framework that was built for 1992, not 2022.

As the potential for a recession looms, the New York bank is continuing with its plan to grow wealth management and shrink its foreign consumer banking footprint.

Linda White, who has led Upward for more than 24 years, will step down Sept. 1.

President Biden is considering forgiving $10,000 in student loans per borrower, but eliminating interest on the debt could be a more effective way to reduce the financial burden, according to experts.

Acting Comptroller of the Currency Michael Hsu lauded the agencies' unified Community Reinvestment Act proposal's focus on climate policies, while Federal Reserve Vice Chair Lael Brainard trumpeted the data-driven aspects of the proposal.

Industry leaders will discuss the most pressing issues of the day at this year's conference starting June 13.