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Can banks outdo online lending startups in head-to-head competition? We're about to find out. Goldman Sachs, Wells Fargo and Quicken have all entered the digital lending business, putting early entrants on the defensive.
October 30 -
As banks grow and their business models become more complex, some find that adding a general counsel to the staff makes sense. Bank SNB in Stillwater, Okla., says hiring one allowed it to reduce its legal fees by 80%. Here are the pros and cons.
October 30 -
Numerica adds strategic role to CFO, promotes five senior managers and other CU professionals in the news.
October 28 -
The popular Young & Free program is still widely utilized, but some CUs are crafting their own independent outreach programs and bringing in millennial staffers to run them.
October 28 -
Patrick McCloskey, a board member at SCE FCU in Irwindale, Calif., moved off the grid with his family last year, living with no natural gas and tapping a mountain spring for water. The move has done more than just change his life its altered his perspective on credit union governance.
October 28 -
Mortgage brokers were among the companies that received the regulator's warning letters, but brokers are not required to report HMDA data leading many to suspect mini-correspondents, which straddle the line between broker and lender, were the recipients.
October 28 -
The mortgage industry is welcoming the Obama administration's possibly final word on housing finance reform, hoping it will serve as guidepost for the future.
October 28 -
The Bancorp's stock fell nearly 15% Friday after the Wilmington, Del., company reported a large quarterly loss tied to a bad commercial real estate loan.
October 28 -
The Cincinnati bank is looking to middle-market lending in the Charlotte area to fuel future expansion, CEO Greg Carmichael says. The timing may be right, given disruption from M&A, as well as the Wells Fargo scandal fallout.
October 28 -
The $11.2 billion-asset Banc of California said in a press release Friday that it sold the division the $4.4 billion-asset Hanmi. The companies did not disclose the price.
October 28






