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The challenger bank OakNorth has been peddling its lending platform to U.S. banks for a year. When it saw COVID-19 on the horizon, it retooled to include a ratings system predicting how borrowers will be affected by the pandemic.
June 5
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Bankers said legislative fixes to the small-business rescue program should help more borrowers secure loan forgiveness, though new demand will likely remain tepid because the process is still extremely cumbersome.
June 5
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Butte Community Federal Credit Union, which previously served just one county, added five more after getting regulatory approval.
June 5
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Acting Comptroller of the Currency Brian Brooks had suggested states and municipalities should end "indefinite shutdowns" meant to combat the spread of the coronavirus. The Democratic lawmaker said he was going against the public health recommendations.
June 5
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An open, extensible platform is crucial to quickly discover and prevent automated attacks, and also to be able to immediately import these findings to their existing security infrastructure for log analysis and reporting, says Cequence Security's Matt Keil.
June 5
Cequence Security -
The Credit Union National Association has been directed to work with the entire industry to find ways to address discrimination experienced by African Americans.
June 5
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The race to provide coronavirus relief for small businesses is opening new routes to fund payments, including underused credit lines.
June 5
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Past is not prologue, and a successful strategy for becoming a top-performing bank in 2020 is very different from what it might have been just six months ago.
June 5
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The employee assisted authorities in currency trading investigations that cost the bank $714 million; Citi is eyeing an expansion of its commercial banking ops in Europe, Middle East and Africa as other lenders exit on coronavirus fears.
June 5
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Once the payment holiday is over, monthly repayments are likely to be higher, leaving many borrowers struggling to manage their debt.
June 5
