Retail & Commercial

The slowdown in branch traffic brought on by the coronavirus outbreak has accelerated consumers’ adoption of online banking and other tech, meaning banks have no time to waste in digitizing their customer-facing applications, says Bruce Van Saun.

Lenders initially won't be able to pass on the cost of the Federal Housing Finance Agency's "adverse market fee" to borrowers whose rates on GSE-backed mortgages and refinances are already locked in.

The largest bank in the country is reportedly in negotiations to lease space from the U.S. Postal Service. One credit union group called the plan a Wall Street "power grab."

The higher charge on mortgages refinanced through Fannie Mae and Freddie Mac is supposed to cushion against a crisis but could contribute to one as the fees are passed on to struggling consumers.

The COVID-19 pandemic has teed up a growth opportunity for the buy now, pay later (BNPL) financial industry, as recession worries made people receptive to entering short-term payment plans that can fit in a budget.

The Missouri company 's deal for Clifford Bancshares is set to close later this year.

The CFPB is giving stakeholders until Dec. 1 to file comments on a potential overhaul to its rules related to the Equal Credit Opportunity Act, which prohibits discrimination in credit and lending decisions.

The largest bank in the U.S. is reportedly in negotiations to lease space from the U.S. Postal Service where it would have ATMs and perhaps take deposits.

Dozens of suspects were reportedly arrested for allegedly using prepaid cards to illegally withdraw large sums of cash.

Reports say dozens of suspects were arrested on charges of using prepaid cards to illegally withdraw large sums of cash.