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While the courts have affirmed cities’ right to file predatory lending suits, they are also now holding them to a much higher standard in proving that banks knowingly steered minority borrowers into high-cost home loans.
June 14 -
Bank of America will keep cutting costs even after reaching its annual spending goal of $53 billion by finding more ways technology can replace people, Chief Operating Officer Tom Montag said.
June 14 -
Centana Growth Partners has raised $250 million for investment in what it describes as financial services startups with innovations that can be turned into real products.
June 14 -
Not all data providers are created equal, and credit unions must carefully evaluate any new partner’s technology, processes and more.
June 14
LexisNexis Risk Solutions -
Casey Crawford, head of the rapidly growing Movement Mortgage, recently recapitalized First State Bank in Danville, Va., with his own money.
June 14 -
Core conversions are widely considered to be cumbersome, but experts offered an array of tips on how to ease the process.
June 14 -
Amid a sharp rise in delinquencies, Signature may try to sell all or parts its $603 million taxi medallion loan portfolio.
June 14 -
Corporate fleet card giant WEX is getting into the consumer market for the first time through a partnership with GasBuddy, an app that helps drivers find the nearest gas station with current fuel prices.
June 14 -
Copenhagen-based digital payments specialist Nets is rolling out a service in the Nordic region to screen against fraudulent transactions online, with a particular focus on “clickbait fraud” that aims to entice consumers to unknowingly authorize recurring payments in exchange for nothing.
June 14 -
The city is booming thanks to its rising population, revitalized downtown and diverse economy, attracting bank buyers and de novo interest.
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