Banking

The retired CEO of 1st Choice Credit Union and CU of Atlanta has been named the 2018 recipient of the Pete Crear Lifetime Achievement Award from the African-American Credit Union Coalition.

Ruoff Financial will make its first push into banking with the purchase of SBB Bancshares.

The Community Reinvestment Act needs to be updated, but in doing so Congress should remember why the law was created in the first place, argues Rep. Gregory Meeks.

The three credit unions range from $83 million to $1.2 billion in assets and will utilize services such as credit processing, contact center support and more.

In an investor-backed power play, the robo tech firm wants banks to turn to it instead of traditional core software providers as they upgrade to digital-banking-friendly technology.

In her first speech as chairman, Jelena McWilliams signaled a focus on reviewing old policies, speeding up decisions on new bank applications and helping banks navigate marijuana laws.

The National Credit Union Administration is set to vote on revisions to its field-of-membership rule, even as it's entangled in a legal dispute with the American Bankers Association over the rule.

The Minneapolis bank is pitching the automated investment advice product, a joint venture with a BlackRock unit, to a wide range of age groups, not just younger consumers.

SigFig was among an early crop of digital advice firms that shifted their focus to serving wealth managers and banks. It has raised more than $100 million from a variety of investors.

The selection of an obscure OMB official as CFPB director raises more questions than it answers about the future of the agency.

JP Nicols and Jason Henrichs discuss making apps and branches more productive, with Michelle Tinsley of Tinsley Retail Insights and Mike Laven of Currencycloud.

The Connecticut company will have nearly $48 billion in assets after it buys First Connecticut Bancorp.

The 5-year-old company, which is seeking to rebundle consumer finance on the mobile phone, has named Jon Stevenson head of banking and wealth management.

Morgan Stanley CEO, New York Fed chief caution against failing to remember what caused the financial crisis; Wells Fargo may combine its two big wealth management businesses.

The information you need to start your day, from PaymentsSource and around the Web. Today: A dire warning for bitcoin's impact; Toss draws funding; A new strain of malware; Press freedom advocate will accept cryptocurrencies.

Senior leaders may say that they want to hear bad news, but that doesn’t mean lower-level employees are eager to share it with them.

Three years ago the core provider Finastra sought the help of Malauzai to meet customers' cutting-edge technology demands. This week, it bought the software maker.

Cost-cutting will be important, but for its acquisition of CoBiz to be a winner, BOK Financial will have to prove it can boost fee income as it has with smaller acquisitions.

Reconciling accounts, predicting market turns and their effects on portfolios, and even answering client faxes (yes, faxes) can all be done better with artificial intelligence, the custody bank says. Experts describe it as a cutting-edge program.

At a conference on corporate culture, Wells Fargo’s board chair explained why problems tend to fester longer at larger institutions.