The Latest

The central bank's survey of loan officers said banks are easing their credit standards for commercial and industrial loans as competition heats up.

Bankers at Sonoma Valley Bank were convicted of bank fraud, money laundering and other offenses.

The board of Projector Federal Credit Union said it was looking for a merger partner committed to providing high value for its membership.

A $52 million-asset African-American-owned bank in South Carolina is hoping its efforts can be expanded to help underbanked consumers nationwide.

Wells Fargo estimates that in 400 instances, borrowers later went through foreclosure who were improperly denied or not offered a mortgage modification.

Interac and Bambora see an opportunity to pull back Canadian domestic e-commerce transactions from credit cards to Interac debit and make it possible for Canadians to shop online in the U.S. with Interac cards.

The three credit unions have assets of nearly $638 million and serve more than 53,000 members.

Clara Green will head the Diversity and Inclusion Center of Expertise at the Alabama bank.

CommuterClub provides loans so consumers can purchase annual season passes online, instead of monthly or weekly passes and spread the cost over monthly installments.

The partnership targets home improvement and some health care merchants that accept American Express. These merchants will be able to drive more sales by providing financing options for large purchases.