Retail & Commercial

Nitin Mhatre of Webster Financial explains why the Consumer Bankers Association — whose members want a bigger piece of the student lending market — backs legislation that would make the federal government tell borrowers how much they will ultimately owe, as private lenders are already required to do.

MoneyLion and Varo say familiarity with existing customers — whom they already offer savings, investment and personal finance products — will help them make smart credit decisions.

The company will pay $29 million for Cornerstone Financial Services.

Hispanics will make up more than half of new homeowners by 2030, and credit unions need to actively market to this demographic, according to a panel discussion at Inclusiv's annual conference.

The Tennessee company will gain access to the Bowling Green, Ky., market as part of the $52 million deal.

Fintechs that simply offer cosmetic upgrades to the cumbersome American banking system won't survive.

The Fed’s injects funds into the repo market for first time in more than a decade; bank trying to partner firms with cash with those with market share.

A new registry aims to make it easier for credit unions to set up voice banking capabilities, but it remains to be see if consumer demand is there for this service.

Senate Democrats are warning the Consumer Financial Protection Bureau to be careful as it considers changes to its mortgage underwriting rules.

CEOs have been telling investors that if the Fed continues to cut interest rates, they will lower rates they are paying on deposits to minimize the hit to net interest margins. The danger is that if they lower rates too quickly or by too much, big depositors could go elsewhere.