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The top five have over five billion dollars in total loans and leases as of June 30, 2022.

John Deese stepped down as president and CEO of the West Palm Beach credit union, effective Dec. 31.

Federal Reserve Bank of Kansas City President Esther George said the central bank should raise its benchmark interest rate above 5% and hold it there well into 2024 to bring inflation down.

The California bank, which owns the technology underlying the Diem stablecoin from Meta, said its deposits plunged 68% in the fourth quarter but that it has more than enough cash on hand to weather the storm.

Rising interest rates and the potential for weakening economic activity could result in moderating loan demand in the new year. Some bankers are already being more selective in their lending.

Minneapolis Federal Reserve Bank President Neel Kashkari compared the recent inflation to rideshare surge pricing, and called for a new approach to gauging and modeling price pressures.

Student borrowers in the U.S. are struggling to keep up with other kinds of debt even while college payments are frozen, and a surge in delinquencies is likely if the government's debt-relief plan fails, according to a new study.

As 2023 begins with an aura of economic uncertainty, businesses will seek a competitive advantage in how they accept and initiate payments, Dwolla COO Dave Glaser contends.

The Virginia bank, which engages in banking-as-a-service partnerships with fintech companies, has run into trouble with the OCC in 2021 and 2022.

Minority depository institutions have limited budgets and staff to upgrade their technology. Some are turning to secondment programs and like-minded fintechs to tackle these problems.

The Consumer Financial Protection Bureau and the state attorney general claim Credit Acceptance Corp., an indirect auto lender, deceived thousands of borrowers by failing to disclose and include finance charges in calculating the cost of a car loan.

The crypto broker Genesis told clients in a new update that it needs more time to come up with a solution for the troubles at its lending unit.

Coinbase Global, the largest U.S. cryptocurrency exchange, said its U.S. unit reached a $100 million settlement with New York regulators for letting customers open accounts with insufficient background checks.

A new app for people with a criminal past and a challenger bank "of immigrants for immigrants" are among the neobanks forging their own path in the banking world.

The accident killed the plane's pilot, Utah businessman Nathan Ricks. The Seattle company has named an interim chief while Beardall recovers after surgery.

Credit cards offered by banks including Wells Fargo and Synchrony Financial intended to cover expensive health care services may be causing unnecessary financial pain for consumers, said a group of U.S. senators, who cited potentially deceptive promotions.

Land of Lincoln Credit Union in Decatur has agreed to acquire Colchester State Bank in Colchester.

Swift adds a top exec from Mastercard, Visa expands mobile pay in Oman, Turkey tests a CBDC; and other global financial services news.

But it's not that green financing is finally winning out over fossil-fuel lending. Rather, Big Oil looks to be getting more money from elsewhere.

Rules being considered by the Financial Crimes Enforcement Network would needlessly hinder banks seeking to do due diligence on their customers.