Retail & Commercial

Three years after acquiring Bank of the West, BMO is preparing to open 130 branches in the Golden State, where it thinks it can achieve density and critical mass. The Toronto-based bank also plans to open 15 branches in Arizona.

Bank of America has reached a settlement in principle to resolve a class-action lawsuit filed by victims of Jeffrey Epstein.

Along with the AI tools, ICE Mortgage Technology also added 16 exception-based automation servicing agents with directly integration to its servicing platform.

More than a thousand years ago, merchants in imperial China revolutionized the concept of money by replacing metal coins with paper. A similarly transformative change — programmable money — is on the cusp of adoption today.

WesBanco in Wheeling, West Virginia, has hired a team of lenders in South Florida. It plans eventually to open branches in a bid to grab a share of the region's expanding deposit market.

Darnell returns to Regions, after fintech-focused stints at Visa and a community bank acquired by Huntington, as the bank accelerates its branch opening plans.

New York Attorney General Letitia James and 12 of her peers alleged Monday that the personal installment lender surreptitiously adds costs for unwanted products. OneMain denied the claims.

The Alabama-based regional bank plans to open 135 to 150 branches over the next five years, while closing the same number. Regions' decision to accelerate its timeline by two years comes as large and regional banks try to capture more market share in the Southeast.

The deregulatory executive order, which pairs with another targeting small players' home loan rules, impacts the FHFA, HUD and other agencies.

CEO René Jones told American Banker that private-credit firms are both partners and competitors. "Today, one of the concerns is that we don't have that full transparency, as much as we would like. And so we have to be cautious as we move in that direction," he said.