Consumer banking
Consumer banking
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On Jun. 30, 2020. Dollars in thousands.
November 23 -
The company's latest report predicted there could be sustained economic pressures well into next year tied to rising coronavirus cases.
November 20 -
Daylight's initial product lineup includes a prepaid debit card with the customer’s chosen name and educational content around issues unique to LGBT households.
November 20 -
Lenders want Congress to bring back incentives used during the last recession, such as bigger subsidies and reduced fees, to jump-start participation in the Small Business Administration's flagship 7(a) program.
November 20 -
The company's new relationship with Billshark highlights its quest for partners that can deliver financial management products to complement its banking services.
November 19 -
Just a few months after signaling that provisions for loan losses had peaked, many banks are planning to once again add to reserves to guard against pandemic-related defaults, according to a survey released by IntraFi Network.
November 19 -
American Challenger Bank would offer consumer and commercial products using technology from Temenos. Organizers recently applied with the FDIC for deposit insurance.
November 19 -
Community development financial institutions, which tend to be less digitally savvy than traditional banks and credit unions, are developing online-lending platforms and automating backroom processes with investments and technical assistance from big banks, high-tech firms and other sources.
November 19 -
The complaint charges the fintech startup with misleading customers about the interest they'd receive on deposits and the level of access to their money. It seeks an unspecified amount of consumer relief in addition to other remedies.
November 18 -
The startup, created in partnership with conversational AI platform LivePerson, will encourage users to send sums of money to strangers.
November 18 -
The latest report from the American Customer Satisfaction Index reported lower scores for both industries, with credit unions recording their lowest ranking since 2011.
November 18 -
The two companies have worked together to provide a banking app that community banks can implement and deploy in 30 days.
November 18 -
A recent survey by the American Bankers Association found that mobile apps surpassed online banking as the go-to platform for consumers earlier this year, and its popularity has continued to rise since the onset of the pandemic.
November 18 -
A group at George Washington University has been working to open a de novo institution to serve students, but the would-be institution faces a variety of hurdles before it can open its doors.
November 18 -
The Virginia company, which shuttered 14 locations in September, will close another five branches early next year.
November 17 -
The challenger bank will start by recommending how much users should allocate toward savings and spending, and will later transfer those amounts automatically.
November 17 -
On Jun. 30, 2020. Dollars in thousands.
November 16 -
On Jun. 30, 2020. Dollars in thousands.
November 16 -
Financial institutions like Ally Financial, Clinton Savings Bank and First National Bank of Omaha are recruiting personal finance experts, college students and local personalities to promote their products and services.
November 15 -
The forthcoming measure could override staff opinions that helped certain deposit-gathering companies partner with banks.
November 13

















