Banking

Executives at Key pushed back against doubts over a deal for Laurel Road Bank’s digital lending platform so late in the credit cycle, arguing that its customers are prime borrowers with high incomes.

The director of the Consumer Financial Protection Bureau has asked Congress to clarify its ability to conduct exams that ensure compliance with the Military Lending Act.

Demand for commercial loans surged in the fourth quarter and executives at the Buffalo company see the momentum continuing in the new year.

John Milleson, who has led the company for 20 years, will retire after his successor is in place.

A CFPB report revealed that the fees charged to college students by Wells Fargo for financial products are three times higher than average. Sen. Warren wants to know why.

The North Carolina regional closed dozens of branches and cut jobs across the company, directing a chunk of the savings to digital banking initiatives.

During the National Credit Union Administration's monthly meeting on Thursday, Chairman J. Mark McWatters noted that the agency was making progress on hiring more women and minorities.

The New York company added eight new client teams in 2018 and established a new division that caters to private equity firms on both coasts.

The online platform, created by Laurel Road Bank in 2013, allows users to refinance student loans and originate mortgages.

Federal regulators should consider applying guidance that is nearly two decades old to end uncertainty about the legality of particular bank partnerships.

Farm Service Agency staff will have three days to work on existing loan applications and provide tax documents for existing loans.

The parent of Bell Bank said that the pending sale of Discovery Benefits is not a prelude to selling its bank.