Retail & Commercial

After converting to a mutual savings bank in 2013, the former CU is set to become a fully stock-owned company.

The legislation comes a day before CFPB Director Kathy Kraninger is set to testify to Congress.

Is it realistic to think Wells Fargo might get a new female CEO? How one fintech makes women feel welcome, and how another fosters innovation. Plus some of our Most Powerful Women make big moves – two retire, one jumps from BNY Mellon to Amex, one exits a board and another joins one.

By applying to become an industrial loan company, the fintech would be able to use insured deposit accounts as a cheap source of funding without having to comply with the tough rules banks face.

Under the recently appointed Director Kathy Kraninger, the bureau has the opportunity to address numerous problems with its collection and presentation of consumer grievances.

The Mississippi company will pay more than $200 million for the parent companies of Texas Star Bank and Summit Bank.

The industry cheered the bureau’s proposed repeal of its ability-to-repay requirement, but another part of the rule — on account debit restrictions — was left intact, and some companies aren’t ready to comply.

Concerns about an economic slowdown, rising deposit prices and cybersecurity abound, a survey found.

Brick-and-mortar retail isn’t dead yet. Though the trend of retailers closing stores in the face of stiff competition from e-merchants is certainly troubling to commercial real estate lenders, it would be a mistake to conclude that all retail loans are risky. Here's a look at which ones are the safest and, potentially, the scariest.

The former credit union will shed its mutual status when it becomes a fully stock-owned company.