Finance

LendingPoint, which caters to borrowers with damaged credit records, believes that traditional credit scores are overly pessimistic about the likelihood that certain borrowers will repay.

The cash acquisition allows First American to expand its operations in Kenosha, Wis.

An internal CFPB memo says it was considering a $10 billion fine before settling on $100 million; state suit against credit bureau is likely to be the first of many.

The company has used word of mouth for its marketing, but will use the new funds to reach different channels.

Aside from technology solutions, tech department also frequently run into a shortage of talented, experienced staff who can execute C-level initiatives.

The CFPB has ordered National Collegiate Student Loan Trusts and its debt collector, Transworld Systems, to pay at least $21.6 million.

David Dotherow, CEO of the newly formed Winter Park National Bank, stresses the need for strong management and a straightforward business plan when applying for a charter.

Credit Suisse Group AG said it settled lawsuits brought by Massachusetts Mutual Life Insurance Co. over the sale of mortgage-backed securities before the financial crisis.

Flush with cash, many commercial firms are also opting to pay down debt rather than take on new loans, and those seeking financing aren’t always turning to banks to meet their needs.

The Indiana company could also use proceeds from the planned stock sale to pay off debt.

Fed economists are suggesting a new mortgage product that would allow home buyers to build equity faster and give banks incentive to profitably hold the loans in portfolio.

Lenders aren’t happy with the way the credit bureau has responded to the data breach; JPM chief calls digital currency “a fraud.”

CU in Vancouver announces distribution via redemption, dividend on shares.

The Terrorism Risk Insurance Act was created after 9/11 to serve as a crucial federal backstop for commercial real estate insurers, but an analysis of alternatives to fund the program reveals the continued challenges of measuring and predicting terror risk.

The company will add $370 million in assets after buying the parent companies for First Bank & Trust and First Bank of Chandler.

BankGuam, which is looking to sell $20 million of common stock, warned investors that North Korea represents a unique risk to its stock price.

The acquisition will allow Eagle to expand into southwestern Montana.

Husband and wife claim they were fired for raising concerns about the bank’s sales practices; commercial mortgage-backed securities on pace to top last year’s volume.

The company said it could use the proceeds to fund acquisitions and to make more loans.

The Wisconsin company plans to shutter half of Bank Mutual's branches, including seven in Milwaukee.