Consumer banking
Consumer banking
-
Critics of the Federal Home Loan banks fundamentally misunderstand the purpose and necessity of the system.
August 3 -
The Seattle bank, which has lost about two-thirds of its market value this year, is also said to be considering raising capital and selling assets.
August 2 -
The fintech lender says its loans are meeting a need for people living paycheck to paycheck that the mainstream financial community is not, and that its loans cost far less than subprime credit cards or payday loans.
August 2 -
Investors should expect "consistency, predictability," says COO Tyler Wilcox, who is scheduled to take over for longtime CEO Chuck Sulerzyski when he retires next spring.
August 2 -
Banks locked in funding by offering more enticing rates on certificates of deposit last quarter, but rebuilding liquidity came at a cost. Competition isn't dying down either, with a couple of credit unions floating 6% CD rates.
August 1 -
More than 1,000 users reported problems making payments on Tuesday before complaint volumes tapered around midday, according to DownDetector, a site that collects user outage reports. The internal network disruption comes on the heels of another Zelle outage JPMorgan Chase took responsibility for seven days ago.
August 1 -
-
The Pittsburgh-based regional is leaning heavily on ATMs as part of a de novo expansion strategy in the lucrative Washington metropolitan region.
August 1 -
The decision to allow lenders to review only two credit reports for mortgage applicants will harm homebuyers with less than perfect credit.
August 1 -
The racially targeted mass shooting at a Buffalo, New York, grocery store in 2022 has renewed conversations about whether banks have a duty to help segregated, impoverished communities that were shaped in part by discriminatory lending practices. What do banks owe the Black community, and what influence could they have?
July 31 -
Regulators noted the demise of Heartland Tri-State Bank involved an isolated problem. Industry observers cautioned against prediction of more failures to follow, saying second-quarter earnings show community banks generally remain in sound financial health.
July 31 -
Gateway First Bank, a former nonbank home lender, rode the pandemic era's mortgage wave to No. 1 on American Banker's latest list of top-performing banks based on full-year 2022 data. Now it has to cope with the housing market slowdown.
July 31 -
The top five community banks have more than $670 million in combined home equity loan portfolios as of March 31, 2023.
July 31 -
-
The top five banks and thrifts have more than $12 trillion in combined total assets as of the end of Q1 2023.
July 31 -
The top five banks and thrifts have more than $7 trillion in combined total deposits as of the end of Q1 2023.
July 28 -
Dime Community Bancshares tapped insider Stuart Lubow as its next chief executive; BayFirst Financial announced the appointment of Scott McKim as chief financial officer and more in the weekly banking news roundup.
July 28 -
-
Big Poppy Bancorp has applied to the Federal Reserve to acquire up to 24.99% of Summit State Bank. Both institutions are headquartered in Santa Rosa. Combining them would create the city's biggest bank.
July 28 -


















