BB&T Corp. announced Monday that it is offering business customers a service to convert checks to automated clearing house transactions in their back offices, under rules that took effect in March.
BB&T also unveiled a thin-client version of its remote deposit service, OnSite Deposit, so that customers no longer need software on their computers to scan checks they deposit to the bank as digital images.
President Donald Trump has tapped Treasury official John Crews to be the next chair of the National Credit Union Administration.
Parker Group unexpectedly ceased operating last week, then filed for Chapter 7 bankruptcy a few days later as sponsor banks and customers were left scrambling.
The Consumer Price Index for April showed consumer prices rising across all categories, including food and shelter costs, and up 3.8% year-over-year. Grocery prices rose 0.7% from the month prior.
Plans were moving along smoothly for a new data center in Franklin County, Missouri — until residents found out about it. Now the project is facing a fierce public backlash, and a local community bank is caught in the crossfire.
Regulatory proposals are boosting interest for banks to grow in mortgage, but sustainability demands deliberate, rather than reactive, strategy, experts say.
The Village Bank is already mulling expanding the concept to other locations if the one planned for its Wellesley, Mass., office lives up to expectations.
