Banking

The shutdown is keeping the agency from approving about 300 loans per day, according to CBA President Richard Hunt.

Smaller institutions are booking loans at a faster clip than bigger lenders, raising concerns that they are relaxing standards in order to win business.

The consent order against California Check Cashing Stores is part of a broader crackdown by the Department of Business Oversight on small-dollar lenders trying to skirt interest rate limits.

The Virginia company cautioned that it expects lending to slow down this year.

Timothy Mayopoulos is back in the mortgage industry, becoming the new president of the digital mortgage technology developer Blend, months after leaving his post as Fannie Mae’s CEO.

The low-cost deposits it gained in its purchase of 52 Wells Fargo branches, combined with higher interest rates, lifted Flagstar's net interest margin.

Large financial institutions need to adopt a new mindset to compete with tech startups, one that allows them to take risks and put aside legacy systems.

The company will pay $93 million for Kinderhook Bank, which has a concentration of branches around Albany.

"I don't and I never would discount the European banks," Citigroup Chief Executive Officer Michael Corbat said in an interview at the World Economic Forum in Davos. "Don't overestimate the U.S. banks' position, and don't underestimate the European banks' position."

The company will top $1 billion in assets after it buys the parent of F&M Bank in Tomah, Wis.

Many government employees are turning to alternative lenders to bridge the gap between paychecks; the average pay at the biggest U.S. banks rose by just 3% last year, well below the CEO rate.

Bathrooms are probably cleaner than automated teller machines at banks and credit unions across the country, according to a new study. Here are some insights on how to protect public health – and your financial institution's image.

The information you need to start your day, from PaymentsSource and around the Web. Today: EU fines Mastercard; Apple Pay gains ground in Spain; Go-Jek invests in fintech; Italy standardizes tourism payments; Content companies face GDPR complaints.

Greenwoods Financial will have $270 million in assets when it buys Fox River Financial.

Loan demand is finally picking up after several lackluster quarters. Banks' big challenge is finding cheap deposits to fund all those new loans.

CFPB to scrap key underwriting portion of payday rule; Fiserv-First Data — why small banks fear big fintech; banks, credit unions help federal workers hurt by shutdown; and more from this week's most-read stories.

The Texas bank disclosed that James Dreibelbis, a longtime Woodforest executive, succeeded Nash as president and CEO in late December.

The company has filed a request with a federal judge in Pennsylvania for a summary judgment in two counts against it, accusing the bureau of failing to provide evidence.

Strong demand for commercial loans helped offset weaker growth in consumer lending and a decline in fee income.

Citi is the first to share its unadjusted pay gap and lays out its goals for improvement. Bankers will be getting to know the progressive female freshmen who are storming D.C. a lot better. Plus, lots of fintech people moves and Gillette's take on toxic masculinity.