Consumer banking
Consumer banking
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The pandemic has propelled digital banking to the forefront faster than expected and in ways that will have a lasting impact for credit unions.
June 24 -
The outbreak has completely upended whatever expectations the industry had heading into 2020. Here's key areas that have been shaped by the pandemic, some potentially forever.
June 24 -
The Paycheck Protection Program put a premium on speed in processing and funding loans.
June 23 -
A global health crisis. Economic free fall. A reckoning over racism and inequality. We will not be the same after this — and neither will banking.
June 23 -
The coronavirus crisis led to "the greatest acceleration of digital banking in history." Here's what to expect next.
June 23 -
Bankers’ criticism that the expanded designation would bolster the largest credit unions is misguided.
June 23 -
In a new twist on an old scam, cybercriminals have tried to get thousands of people to surrender their Wells bank account information by sending authentic-looking emails containing malicious links that lead to a fake website bearing the company's name.
June 23 - WIB scan
Funds from a certificate of deposit at Berkshire Bank will help fuel lending to minority-owned small businesses. Mellody Hobson explains why merely "working on diversity" is not good enough. And Wells Fargo ties compensation to progress on diversity targets.
June 22 -
Consumer spending has improved as state lockdown orders are lifted but many continue to hold off on taking trips and entertainment activities.
June 22 -
John Corbett says building scale, lowering costs and strengthening technology offerings have become more critical for banks to stay competitive.
June 22 -
In a new twist on an old scam, cybercriminals have tried to get thousands of people to surrender their Wells bank account information by sending authentic-looking emails containing malicious links that lead to a fake website bearing the company's name.
June 22 -
Consumers are parking their funds at financial institutions as lending slows and interest rates remain near zero, making it difficult for credit unions to deploy these deposits.
June 22 -
Business owners are changing banks at three times normal levels, a trend researchers attribute to their difficulty in obtaining emergency loans. If the forgiveness stage of the Paycheck Protection Program proves arduous, that rate could climb much higher.
June 21 -
CBTX in Houston must develop policies and procedures, along with a training program, to address deficiencies in its bank's compliance with the Bank Secrecy Act.
June 19 -
JPMorgan Chase, Fifth Third, Truist among banks closing early to observe Juneteenth; inside the OCC's effort to extract $37.5M from former Wells Fargo execs; banks are at a loss what to do with record amount of funds; and more from this week's most-read stories.
June 19 -
Worried about a lack of demand and that some of their customers are ineligible, community banks are still on the fence about participating in the effort to back loans for businesses recovering from the pandemic crisis.
June 19 -
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Kennebec Savings Bank will have $1.3 billion in assets after it absorbs Kennebec Federal Savings and Loan Association of Waterville.
June 19 -
Kyle Hauptman, who will be nominated to fill the seat held by Mark McWatters, is a staunch opponent of the Dodd-Frank Act. That could mean more policy clashes on the board if he is confirmed by the Senate.
June 19 -
The Delaware company said it received $22 million in net proceeds after selling 360,000 class B shares.
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