Retail & Commercial

MUFG Union Bank is launching PurePoint Financial, a largely online savings bank that will still offer opportunities for face-to-face interaction.

The Dallas-based lender is planning to boost originations to borrowers with solid credit scores amid fears that the subprime auto market is overheating.

Retailers are prepared to go to the mat to defend the Durbin Amendment on swipe fees; tech firms who sought to displace big banks now sell their wares to them.

The prepaid card issuer has been striving to overcome the setback it suffered from the discontinuation of a popular product in 2015.

The insurance company, facing regulatory scrutiny and lawsuits over a former sales relationship with Wells Fargo, said it may press its partner to cover costs after halting the sales.

Keeping youngsters off of drugs, big winners in the coloring contest and other ways credit unions are reaching out and making a difference in the communities they serve.

The move will more than double the size of Eldorado's branch network, while allowing MidCountry to exit the market.

Republican lawmakers are citing a recent report that delinquencies rose for loans guaranteed by the Federal Housing Administration as a reason to delay a premium cut, but economists suggest the uptick is related to seasonal issues.

Using big data can help credit unions better understand which delinquent members have the assets to repay accounts in collections, saving CUs time and effort, and increasing the likelihood of repayment.

After several strong years for credit union lending, new research shows consumer confidence dipping, with the overwhelming majority of consumers saying they don’t plan on borrowing anytime soon.