Banking

The Salt Lake City company, which connects small-business owners with lenders like JPMorgan and BofA, plans to use the funds to expand its partnerships and customer base.

OceanFirst in New Jersey shuttered more than a third of its branches but says nearly all the customers stuck with the bank because it trained employees to show customers how to go digital.

The vast majority of comment letters to the FDIC support the fintech’s banking venture, in stark contrast to the public outcry over the pre-crisis ILC bids by large retailers.

The agency began seeking comments in December through a "request for information" on how to improve the agency's process for considering new deposit insurance applications.

The bureau wants to further remove the threat of legal liability for firms that test products benefiting consumers, but the attorneys general say the agency cannot provide immunity from state law.

The moves are aimed at beefing up consumer lending and attracting deposits in markets where Citi has no branch presence.

The agency's update is good news for banks digesting data suggesting that nonbanks cut into their share of small-business loans during the partial government shutdown.

The online small-business lender reported record loan originations in the fourth quarter, but its CEO is warning that loan growth could slow in 2019.

The quest to implement a broadly accepted digital ID solution may take years, but Jumio is hoping to get headway with a new authentication service leveraging video selfies.

Lawmakers should step in to address the proper status of loans made by banks that have partnered with fintechs, rather than letting the courts decide.

The automaker's finance arm joins Avant, OnDeck Capital and SoFi in the system, which is designed to help verify loan applicants' identities.

New research from the New York Fed found that banks with more than $50 billion of assets originate more subprime car loans than small banks and credit unions do.

Rheo Brouillard, the head of SI Financial, finally had a solid offer in hand after more than two years of searching for a buyer. But the resignation 10 days later of the man who made him that offer — Berkshire Hills’ Michael Daly — sent Brouillard scrambling.

The possible replacement for Libor's volatility raises concern about its viability; new Fed governor says community banks punished for crisis the did not cause.

The information you need to start your day, from PaymentsSource and around the Web. Today: Softbank's bullish on driverless vehicles; Pakistan courts PayPal; Monzo adds business services; Japanese consortium cuts paper from transactions.

The installment lender, which bills itself as an alternative to payday lenders, targets underserved communities and operates through a network of retail partners.

As another possible shutdown looms, concerns about furloughed workers’ credit histories have shifted the reform discussion away from data security.

The credit union service organization said the value of its shares have jumped more than 300 percent over the last seven years.

From expanding branch access in underserved areas to a cafe for kids and more, here's another look at credit union outreach efforts.

If the government insists on forcing another shutdown, business owners are intent on letting Congress know how much the last one hurt.