Retail & Commercial

Santander U.S. and Webster Financial are doing integration work in advance of their pending merger, including naming business-line leaders, the banks said in separate notes.

The neobank is rolling out Chime Prime, a new membership service that rewards customers for making Chime their primary bank account.

The Minneapolis-based company plans to leverage the arrangement to draw more attention to its growing list of national business lines, transcending its regional reputation.

Traditional banks ceded control of the fastest-growing segment of infrastructure finance — renewable energy — to private capital. The question now is whether they can reclaim some share of what's left over.

The latest government-sponsored enterprise changes include a more flexible sampling and a longer maximum term for some manufactured housing loans, respectively.

A federal appeals court has agreed to rehear a challenge to a Colorado law intended to combat "rent-a-bank," arrangements that would impose Colorado's interest rate caps on certain out-of-state banks.

Mortgage rates rising nearly 40 basis points from early-year lows have pushed some buyers out of the market, even as inventory and affordability remain better than a year ago, ICE Mortgage Technology found.

Across Latin America, central bank-led instant payment networks have seen enormous growth. The next breakout market is Mexico. If bankers in the U.S. want to see the future of consumer payments, they should look south.

EWA programs benefit workers across the country, making it more likely that they will be able to avoid high-cost credit products like payday loans. Efforts to restrict them will harm consumers.

United Wholesale Mortgage lost ground to RKT in one category but held onto a healthy lead in another, an analysis of Home Mortgage Disclosure Act data shows.