The Latest

Citigroup said it will cut back on financing for coal mining projects, in the latest blow to the industry that's viewed as a key contributor of global warming.

COLUMBUS, Ohio — Business lending CUSO Cooperative Business Services, LLC on Wednesday reported it has closed more than $225 million in Central Ohio business loans since opening its first regional office here in October 2006.

An initiative underway at Freddie Mac seeks to integrate new and existing technology to create a comprehensive suite of quality control tools designed to help lenders manage their mortgage repurchase risks.

The National Credit Union Foundation announced the following winners of the 2016 Herb Wegner Memorial Awards: CU 4 Reality (recognized for Outstanding Program); and William J. Bynum, C. Alan Peppers, and Daniel F. Egan (recognized for Outstanding Individual Achievement).

The New York State Department of Financial Services on Monday gave a third virtual currency company the green light to begin operations in the state.

Southeast Financial Credit Union in Franklin, Tenn. has filed a lawsuit against The College Network, an Indiana online test preparation company that is facing charges of fraud.

Swift CEO Gottfried Leibbrandt talks about how the global messaging network is looking to stay relevant to its bank members; the potential and limitations of blockchain technology; and his views on the startups looking to disrupt banking.

A California company called NEFT wants to provide the online meeting place where debt-laden borrowers get together with lenders and credit bureaus to negotiate repayment plans. Backed by some prominent investors, NEFT says it offers carrots to get all the parties to participate.

Republicans and the banking industry face long odds in making structural changes to the Consumer Financial Protection Bureau this year, but the ultimate outcome of the battle is still far from certain.

OCCU promotes new chief lending officer and more CU executives in the news.