Retail & Commercial

Ginnie Mae is allowing lenders to securitize modified home loans with this extended term as the Biden administration works to make more housing options available for struggling borrowers.

Lorch, who has been with the company since the launch of the online-only First Internet Bank more than two decades ago, will inherit the job from David Becker, who remains chairman and CEO.

In a 5-4 ruling, the Supreme Court said that a majority of plaintiffs in a class action were not entitled to damages because the credit reporting company did not share faulty information with banks, landlords or other third parties.

As banks pull back from energy lending, some of the world’s biggest hedge funds are rushing in to fill the gap in oil country.

Deserve, a credit card technology startup, raised $50 million from backers including Mastercard and Ally Financial’s strategic investment arm, its chief executive said in an interview.

Upgrade, a lending startup that counts Banco Santander SA and SVB Financial Group’s Silicon Valley Bank as investors, is seeking to triple its valuation in a fresh funding round, according to a person with knowledge of the matter.

With an agreement in hand to buy Bank of Commerce Holdings in Sacramento, the Washington company will prioritize filling in a 200-mile gap between the seller's footprint and its own.

Changing the retailer's prepaid card into a demand deposit account gives customers access to more digital banking tools.

The deal for Bank of Commerce Holdings in Sacramento would be the first bank acquisition in the Golden State for Tacoma, Washington-based Columbia.

The nation’s largest bank has no retail presence outside of the U.S., but that will change later this year when it launches an online-only bank in the United Kingdom. CEO Jamie Dimon has hinted that if the venture proves successful, the Chase brand could eventually be rolled out in other parts of the world.