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Turmoil in marketplace lending has less to do with loan quality and more to do with how lenders price loans to meet supply and demand.
July 8
Direct Lending Investments LLC -
Fifth Third Bancorp has named Edward Robinson senior vice president and head of Fifth Third Mortgage.
July 8 -
Cathay General Bancorp in Los Angeles has agreed to buy SinoPac Bancorp from Bank SinoPac in Taiwan.
July 8 -
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.
July 8
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Barely 24 hours into his new role as CEO at RushCard, Ron Hynes has found the silver lining to the company's 2015 technical glitch that led the company to pay a $20.5 million settlement.
July 8 -
The $5.2 billion-asset mutual said in a press release Thursday that Leonard Stekol had become its president. Stekol was also elected a trustee; he will remain chief operating officer.
July 7 -
At least eight small mutuals have agreed in recent years to merge with another institution rather than convert to stock ownership. More deals could be on the way.
July 7
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ATM operator Cardtronics has expanded the roles of two executives as it transitions its commercial, operational and technology leadership to a more global level.
July 7 -
Freddie Mac is on track to issue mortgage-backed securities via a common securities platform by the end of this year, according to the Federal Housing Finance Agency.
July 7 -
Calling the crazy-idea department a U.S. Bancorp-branded bus is more than halfway through a cross-country, social-media-tracked journey to promote community development and alter its profile. It's an example of the new style of reputation-oriented marketing being pursued by banks.
July 7
