Retail & Commercial

Santander Consumer USA Holdings in Dallas has named a former president of Ally Financial and a former Treasury Department official to its board.

Cross River Bank, which processes payments and funds loans for fintech startups, says that if such firms got a federal charter, it could help them another way: teaching them compliance.

The Consumer Financial Protection Bureau is planning to finalize its rulemaking on arbitration in early 2017, though it is unclear if the controversial regulation can be completed before President-elect Donald Trump takes office.

The $20.7 billion-asset company said in a press release Monday that it had tapped Samuel Erwin as its regional president responsible for covering the state. Erwin will operate from Greenville, S.C.

The veteran banker, who is taking the nonexecutive chairman post at Republic First Bancorp in Philadelphia after a long hiatus from the U.S. market, stands by the model he pioneered at Commerce despite a much-changed environment.

And that was only the beginning. Bank CEOs speaking in New York provided a long list of financial reforms that they would like to see under the incoming Trump administration.

Safra National Bank of New York has agreed to buy Bank Hapoalim's private-banking business in Miami.

A preview of the next version of Moven's personal financial management app finds a new direction — helping people understand the trade-offs they make between short-term and long-term financial goals.

Texas State Bankshares in Harlingen has agreed to buy Blanco National Holdings.

Although he has since walked back his original pledge to deport 11 million people, if President-elect Donald Trump attempts to fulfill his campaign promise, the damage to the housing industry would be substantial.