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A combination of mutual and clashing interests has driven many players — credit unions, big banks, community banks and fintechs — to offer high-interest, digital-only savings and checking.
October 8
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The industry had welcomed the Consumer Financial Protection Bureau plan allowing debt collectors to use electronic communication, but some worry about the effect of a court decision concerning email correspondence.
October 7
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The firm’s financial woes are mostly a result of overspending, but they have raised questions about how banks’ commercial real estate portfolios might fare if the coworking sector implodes.
October 7
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The Wisconsin company will have 15 branches in its home state on completing the acquisition.
October 7
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The company has agreed to buy a portfolio of commercial loans from Santander Bank.
October 7
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Credit unions now have until Nov. 30 to apply for Community Development Financial Institution certification.
October 7
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Sunil Chandra's job will be to guide the fintech's international expansion. It says 12 banks are using its small-business lending platform, including three in the United States.
October 7
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Community banks will likely face questions about mortgage lending, deposit gathering and M&A during earnings calls.
October 7
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Susan French, head of product at BBVA Open Platform, discussed the bank's vetting of fintech partners and how it deals with the competitive threat that their products present.
October 7
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On Jun. 30, 2019. Dollars in thousands.
October 7
