Retail & Commercial

It’s not just weaker underwriting and higher household debt levels that are driving past-due rates to their highest levels in seven years.

A coalition of free-market-oriented groups is calling on Senate Finance Committee Chairman Orrin Hatch to rethink his push for a new tax on credit unions.

Union Bankshares has reached an agreement under which Federal Savings Bank will originate mortgages in its branches.

The agency's bulletin opens the door to banks' making more short-term loans to borrowers with lower credit scores — with few parameters beyond "sound underwriting."

Small and midsize businesses (SMBs) are adapting to digital payments technology at slower speeds and for different reasons than larger enterprises. Cash and checks still account for almost half of all SMB payments, and SMBs have lagged behind other merchants in the U.S. shift to EMV technology.

A major study recently named the $2.5 billion-asset CU the No. 1 performing credit union in California.

Senior executives from Barclays, Bank of America and other big banks urged women to aim high, take chances on challenging jobs and — perhaps most important — provide support to other high-performing female colleagues instead of viewing them as a threat.

With the acquisition Timberland would add $187 million in assets in the Puget Sound area.

The Indiana company agreed to pay $101 million for the $586 million-asset First Security.

The bank found that mixing personal finance management with positive reinforcement allowed it to appeal to younger customers.