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The $6.2-billion asset bank said President Logan Pichel will add the title of CEO on Oct. 1, succeeding Steve Trager.

The Federal Housing Finance Agency is looking to revise the framework intended for when Fannie Mae and Freddie Mac exit conservatorship in order to encourage the transfer of credit risk to private investors.

Buying the point-of-sale loan provider would give Goldman Sachs access to a network of millions of consumers and thousands of merchants that the bank would have difficulty building on its own, said Stephanie Cohen, its global co-head of consumer and wealth management.

Rodney Hood, a member of the National Credit Union Administration's board, detailed plans, such as the formation of an Office of Innovation and Access, to foster collaboration between credit unions and the tech community.

Speculation has mounted that Mike Calhoun, president of the Center for Responsible Lending, is under consideration to lead the Federal Housing Finance Agency. His nomination would be an endorsement of proposals to treat Fannie Mae and Freddie Mac in a similar way as publicly regulated power or water companies.

The consumer app, which was originally distinct from the company's merchant network, can now be used to pay via a QR code.

The wireless network will send digital request-for-payment messages, which can be paid immediately over The Clearing House's network from a Citigroup account.

The deal to buy Happy Bancshares enables Arkansas-based Home to expand into Dallas and Austin and could provide a springboard for more acquisitions in the Lone Star State.

Large banks have received CRA credit for Paycheck Protection Program loans and all types of modifications two to three times more frequently than small banks. The latter need to press examiners to recognize the contribution they’ve made to their communities.

The California bank historically lost technology industry clients as their needs became more complex. That could change now that it has hired 10 senior bankers and plans to recruit more.

Mike Warrell most recently headed Solano First Federal Credit Union in California.

The Chicago City Council approved a measure to boost transparency around the lending practices of the city’s banks and help address homeownership disparities in the nation’s third most-populous city.

The acquisition would add to Goldman's consumer banking platform a company that offers payment plans to help consumers finance home-improvement projects or health care needs.

Daily edition for September 15, 2021

The industry opposes expanded IRS reporting and other tax-related provisions that Congress would use to pay for the overhaul. But the bill could also boost funding for small businesses and affordable housing.

Changes made in the waning days of the previous administration limited the government-sponsored enterprises’ purchases of certain loan types, which drew criticism from lenders and community groups alike.

Truepic, which helps companies like banks and insurers fight fraud by verifying images, raised $26 million in a funding round led by Microsoft’s M12 venture capital arm.

CEO Bill Demchak is seeking clarity on which business units can facilitate the trading of digital currencies.

In the wake of Hurricane Ida, the latest storm to batter the Gulf Coast, John Hairston is grappling with the consequences of a warming planet. He suggests that it's imperative for banks and their regulators to be part of the solution.

Meridian Trust Federal Credit Union and Western Heritage Federal Credit Union plan to combine into an institution with more than $600 million of assets and roughly 40,000 members.