Retail & Commercial

The House Financial Services Committee passed 13 bills (and scrapped a vote on one) Wednesday, including one that would stop Fannie Mae and Freddie Mac from being released by the government and another hailed as helping the underbanked in rural areas.

Rather than charge set fees, Aspiration offers customers name-your-fee accounts and donates to charities based on the amount of money it makes.

A group has filed an application for form a bank in Birmingham, a city with a large pool of bankers and a steadily growing economy.

The fundamental conclusion of the Federal Housing Administration’s fiscal year 2017 actuarial review is that the financial problems of the FHA Home Equity Conversion Mortgage program keep getting worse.

Jenn LaClair will replace Chris Halmy, who is retiring. She most recently headed up PNC's business bank.

John Kimberly, who was CEO of a bank that CAB bought in 2014, is set to take the helm on Jan. 1.

House and Senate bills contain a provision that would let financial firms in all states use digital scans of photo IDs to verify identities of prospective customers. That could ease the account-opening process for consumers in areas where branches are few and far between.

The California company is set to pick up a dozen branches after it buys FNB for $315 million.

The $74 million acquisition will allow First Mid-Illinois to expands it operatations in the Champaign-Urbana region in Illinois.

In a relationship-based business, it’s not enough to sell your customers a sharp tool to pay for things. You also have to help them avoid cutting themselves with it.