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As installment lending becomes more popular, regulators in the U.S., Europe and Australia are considering new restrictions or taking action against lenders.
November 4 -
Senior congressional Democrats are concerned that the Financial Crimes Enforcement Network — an arm of the Treasury Department — is dragging its feet on a rulemaking to require corporations to report their beneficial owners.
November 4 -
The $323 million acquisition would give the Indiana bank a presence in affluent Oakland County and in Ann Arbor and Grand Rapids.
November 4 -
OceanFirst Financial in New Jersey has agreed to pay $186 million to buy Partners Bancorp, which owns two banks that operate in the Washington suburbs and surrounding areas.
November 4 -
Digital upstarts like Square, Stripe and PayPal are invading community banks' turf by appealing to local merchants with a mix of electronic payments and lending. Small banks are fighting back by leaning into digital services while maintaining their personal touch.
November 3 -
Accrue Savings is introducing a savings account that is tied to specific retailers, allowing customers to gradually accumulate the amount they need to buy an item and earn cash rewards for making progress toward their goals.
November 3 -
The speed of money movement represents the future - success for those who deliver, challenges for those who don't
November 3 -
Federal Reserve Chairman Jerome Powell defended the central bank’s work to examine the effects of a warming planet on the financial system, but said decisions such as whether banks should lend to fossil fuel companies are best left to “elected representatives.”
November 3 -
The small Pennsylvania regional signed up four cryptocurrency services companies as customers this week. CEO Sam Sidhu says the bank's new platform is helping it win business in this highly specialized market.
November 3 -
Hunt, who joined the CBA in 2009, has been a vocal critic of the federal student loan program and the Consumer Financial Protection Bureau’s leadership structure. He plans to leave the trade group next summer.
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