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The company settled with the Federal Reserve after self-reporting that it had disbursed $1.1 million in wrongfully obtained Paycheck Protection Program loans.

The lending software and shared services provider was created by bankers for bankers.

The company told many customers they were "pre-approved" for credit card products they did not actually qualify to get. Proceeds from the fine will compensate those consumers, the Federal Trade Commission says.

The $1.4 billion-asset credit union said John Roemer officially became its new leader Jan. 23.

After months of forecasting and bracing for a recession in 2023, the economy seems increasingly durable. But it depends on what you're looking for.

During a hearing on racial bias in home valuation, the head of the Consumer Financial Protection Bureau questions the Appraisal Foundation's "weird" regulatory structure.

Treasury Secretary Janet Yellen advised Congress that her department is deploying an additional accounting maneuver to avert breaching the federal debt limit.

Provident Bank will roughly double in size by combining with Lakeland Bancorp. The modified technology roles it's filled in the past six months could help it take on larger clients.

Members of the American Bankers Association's Economic Advisory Committee expect gross domestic product to stall in 2023. Other surveys show a modest contraction. Lenders say sentiment among their borrowers also points to a slight slowdown.

Early Warning Services, owner of the Zelle peer-to-peer payment app, has tapped former Mastercard executive James Anderson as managing director of the online digital wallet the bank-owned consortium is developing.