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Tough Talk from Lawsky's Successor

ST. LOUIS — Vantage Credit Union has completed its conversion to the Episys core operating system from Symitar. The $801 million-asset CU said it completed the conversion in May.

Local government agencies may no longer lower a driver's credit score because of unpaid traffic tickets or parking citations, according to a policy the three major credit bureaus agreed to in a legal settlement with 31 state attorneys general.

Counties that had high uninsured rates prior to the implementation of the Affordable Care Act have seen per capita collection balances fall if their state expanded Medicaid.

Early Warning's clearXchange is starting to show the bank-led network's potential to catalyze faster processing, and now the enterprise is also executing on its broader goal to power other products beyond person-to-person transfers.

One of the first items on a company’s wish list is a request to make compliance easier. So, why do so many organizations make compliance more expensive and complicated than it needs to be — all on their own?

The $3 billion-asset First United did not disclose how much it will pay for the $2.3 billion-asset American Bank. The deal is expected to close later this year.

The $380 million-asset company disclosed in a regulatory filing Wednesday that it had appointed Lawrence Seidman to its board, effective July 1.

Community bankers are trying to determine how they can offer affordable small-dollar loans that fit within the Consumer Financial Protection Bureau's complex 1,341-page payday lending plan.

Frustrated by low yields on commercial and real estate loans, banks are finding innovative ways to beef up their consumer loan books. They are creating new business lines, teaming with established retailers, even partnering with alternative lenders in an effort to diversify and generate new streams of revenue.