The Latest

Leroy Abrahams had previously served as president of the bank's North Central Alabama region.

The Federal Housing Finance Agency is suspending its ongoing review of new credit scoring models and will instead move forward with creating a regulatory framework for providers of alternative credit scores to apply and be evaluated for use by Fannie Mae and Freddie Mac.

The $471 million-asset credit union has retained an outside source to conduct a search for Eileen Rivera's successor.

The combination of rising interest rates and increased competition from nonbank lenders is prompting many commercial real estate investors to seek better deals elsewhere.

The research, carried out in coordination with the all-party U.K. parliamentary group on blockchain, profiles companies, think tanks, innovation hubs and individual players in the U.K.

The Conference of State Bank Supervisors says state and federal regulatory coordination on third-party technology service provider exams eliminates duplication

Bank of America Merrill Lynch has launched a mobile application to support commercial prepaid card programs and their cardholders.

The news that Snap Inc. is shutting down Snapcash, a version of Square Cash offered on its Snapchat social media platform, may have less to do with P2P payments and more to do with the long-term future of the company itself.

Maybe it's coincidence, or maybe it's progress — in recent weeks, a number of large payment networks have suffered brief but widespread outages, particularly in Europe.

The Boston bank said the digital lending platform has cut down the time it takes to deliver loan decisions by roughly 40%.