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Consumer spending continues to rise, but last quarter's acceleration in loan growth is starting to lose momentum, and bankers are tempering expectations about fee income. Meanwhile, deposit outflows have yet to result in strong competition for customers' money.
September 14 -
Allegiance Bancshares and CBTX received the final blessing they needed from the Fed to complete their proposed deal 10 months after it was announced. But regulators say the new company must take steps to attract more African American mortgage borrowers.
September 14 -
The National Credit Union Administration rolled out the Simplified CECL tool on Wednesday as accounting standards are set to take effect in early 2023.
September 14 -
SWIFT, the messaging system used by financial institutions globally to convey instructions on tens of millions of transactions each day, is testing out blockchain.
September 14 -
The Consumer Financial Protection Bureau director is looking at "small ways" to hold peer-to-peer payment providers responsible for investigating allegations of fraud under the Electronic Fund Transfer Act.
September 14 -
The document automation company Ocrolus recently launched a new version of its fraud detection platform. Here's how it works and what other services lenders should consider.
September 14 -
U.S. credit unions gained their largest total chunk of the vehicle lending market in the past five years, at more than 25% in the second quarter, by underpricing their rivals. Banks are still ahead, but just barely.
September 14 -
The Pennsylvania banking company could use the proceeds from its initial public offering to pursue acquisitions.
September 14 -
The fourth-largest U.S. bank by assets has commissioned an outside law firm to assess its diversity practices. Wells had previously resisted a shareholder proposal that would have authorized a similar review.
September 14 -
A venture that's majority-backed by Walmart is poised to emerge from the shadows this month with digital bank accounts meant for the retail giant's 1.6 million U.S. employees and legions of weekly shoppers.
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