Western Union Co. of Englewood, Colo., has teamed with the default-servicing unit of LandAmerica Financial Group Inc., a Glen Allen, Va., real estate settlement services company, to offer online payment services to delinquent mortgage borrowers.
The partnership combines Western Union's SpeedPay bill payment service with LandAmerica's BackInTheBlack online platform for managing delinquent borrower accounts.
Western Union and LandAmerica announced the partnership last week.
A directive from the Federal Housing Finance Agency would cut the number of board seats for Federal Home Loan Banks, especially in dark blue areas of the electoral map.
Amy Wierenga is taking on the role at a time when the Trump administration and Republicans in Congress are rolling back certain bank rules. She sees opportunities ahead.
By using a public blockchain, a potential digital euro could be made more widely available. Plus, Klarna expands its merchant reach as it resurrects plans for an IPO, Binance faces an audit and more in the American Banker global payments and fintech roundup.
The Canadian bank's stateside unit is hiring bankers and investing in growth, according to RBC Chief Executive Dave McKay, following a rough 2023.
The amount was less than $1 million, but the plot reveals clues that can help spot and fight elderly abuse and other financial crimes.
Data suggests that the beleaguered commercial real estate market isn't going to get worse. And now that banks have had time to build reserves, any losses they do take shouldn't be disastrous, analysts say.
