Retail & Commercial

First the House and now the Senate have included provisions in their regulatory relief bills that bankers say would go a long way toward clearing up confusion over how to treat high-volatility commercial real estate loans.

BankFirst Financial Services in Columbus, Miss., has acquired HomeFirst, a mortgage services firm.

Use of alternative data in traditional credit scoring would help consumers access the banking system and lower their cost of credit.

Park National, which came to regret its acquisition of a Florida bank just before the financial crisis, took more than a year to vet NewDominion before making an offer.

Online banks and some credit unions are responding to Fed rate hikes by aggressively raising deposit rates on CDs, savings accounts and money market products, while the nation's biggest banks are largely standing pat — for now.

With substantial regulatory relief within reach, community bankers should use their clout to shape cybersecurity policy and ensure a level playing field for banks and nonbanks, retiring ICBA chief Cam Fine says.

Ken Rees at Elevate Credit calls payday lending "the roach motel of financial products" and says his alternative has helped subprime borrowers get back on their feet.

The company's deal for Coastway Bancorp in Rhode Island makes sense since both institutions are former credit unions.

CEO Tim Sloan was paid $17.4 million, though he was denied a cash bonus, as the San Francisco bank continued to contend with scandal fallout.

The National Credit Union Administration’s defense of changes to a field-of-membership rule was challenged by a federal judge on Wednesday, suggesting an American Bankers Association lawsuit against the revisions may be successful.