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Agility Bank, one of two women-led groups seeking charters, is looking to open next spring.
October 20 -
National banks just got the OCC's go-ahead this summer to hold and transfer digital assets like bitcoin for customers, but the Paris-based bank has already vetted the technology needed to do the job.
October 20 -
Weak loan demand, persistently low yields and the continued struggles of sectors such as hospitality and retail are among the myriad lending challenges facing small regional banks.
October 20 -
The agency confirmed that loans backed by Fannie Mae and Freddie Mac can continue avoiding debt-to-income limits as the bureau completes a revamp of the Qualified Mortgage standard.
October 20 -
The Detroit-area credit union is offering consumers within five ZIP codes free trips to voting sites on Election Day.
October 20 -
The Ohio company's new effort will commit $25 million in 7(a) loans, along with fee waivers and financial education.
October 20 -
The Dallas bank has begun encouraging larger borrowers to seek forgiveness of Paycheck Protection Program loans first as it holds out for the government to streamline the process for loans below $150,000.
October 20 -
Some U.S. states are opening new payments channels to cover the cost of coronavirus-induced remote learning programs.
October 20 -
Regulators said they will allow banks to deduct Treasury securities — a source of market volatility in the pandemic — from the net stable funding ratio on the same day they provided relief from auditing requirements.
October 20 -
The new policy will allow the company to close some work sites and reduce the size of others. It’s part of a broader effort to cut expenses to help offset revenue declines brought on by the coronavirus pandemic.
October 20 -
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The pivotal issue of the November vote will be a divided government versus a united government, and its possible effect on policies that can drive the economy and markets.
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Mexican payments startup Klar has raised $15 million in a Series A round in an effort to challenge traditional banks by expanding access to debit cards and credit lines.
October 20 -
The hiring of Rania Llewellyn comes a little more than a month after Jane Fraser was named Citigroup's chief executive, which will make her the first female head of a big Wall Street bank.
October 20 -
Out of crisis comes opportunity. The pandemic has prioritized digital strategy and transformation for nearly every industry, especially banking.
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At a time when contactless payments via QR codes are on the rise, Incognia is launching a fraud protection solution for payments providers, retailers and restaurants.
October 20 -
The combined institution will serve almost 75,000 members with nearly $660 million in assets.
October 20 -
Most organizations simply can’t afford slow processes that are riddled with bottlenecks, says Kofax's Michelle Trapani.
October 20
Kofax -
House Democrats had already approved a measure blocking the regulation reforming the Community Reinvestment Act, but the resolution faced more resistance in the upper chamber.
October 20 -
The veteran executive will receive a $13 million lump-sum payment if she stays with the North Carolina company for two years after the deal closes.
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