Banking

The Pew Charitable Trusts has released a set of 10 standards for banks and credit unions that want to to offer small loans to subprime customers. Among its ideas: keep monthly payments at or below 5% of the borrower’s paycheck and make loans available quickly through digital channels.

POPin Video Banking Collaboration offers video chat and simultaneous collaboration between financial institutions and the consumers they serve.

U.S. fintechs attracted $5.8 billion in the fourth quarter as institutions sought an AI edge.

Erminia Johannson's promotion is part of an effort by BMO Financial to generate more revenue from its U.S. operations.

The Pew Charitable Trusts has released a set of 10 standards for banks and credit unions that want to offer small loans to subprime customers. Among its ideas: keep monthly payments at or below 5% of the borrower’s paycheck and make loans available quickly through digital channels.

Though Fourth Corner CU's conditional access to the Fed is important, legal marijuana businesses seeking financial services are still very much in limbo.

As U.S. banks were tallying up the billions of dollars in extra profits they'll reap from the sweeping tax cuts signed into law by President Donald Trump, they were quietly delivering unwelcome news to local governments: The interest rates on their loans were about to go up.

As regulators look to update the Community Reinvestment Act, they should better integrate online and mobile banking activity as part of exam performance.

Former director says his old agency is now “favoring predators”; Senator is looking into how the bank’s program to repay improperly charged loan customers.

The information you need to start your day, from PaymentsSource and around the Web. Today: Bitcoin power drain; Cryptoart makes a sale; U.K. wants to take fintech sandbox international; Toll tech extends to gas stations and car washes.

The as-yet-unnamed bank, which would be based near Charlotte, N.C., would be led by Randy Helton, a former CEO at American Community Bancshares.

Popular will acquire $1.5 billion in auto loans amid questions about the potential for loan losses following Hurricane Maria. The deal also coincides with Wells Fargo's need to stay inside a growth cap imposed by regulators.

The legislation, introduced by Rep. Patrick McHenry, R-N.C., would essentially reverse a court ruling that marketplace lenders say has blocked them from helping more consumers access credit.

On top of a banner year for lending, delinquency rates in the state are at historic lows.

The Silicon Valley-based CU is funding development of an apartment building.

Sen. Elizabeth Warren, D-Mass., asked Wells Fargo's chief executive to address recent reports that the bank's efforts to compensate customers for unnecessary fees is falling short.

The investment continues a trend of banks focusing on commercial payments technology.

It’s too soon to gauge the true impact of recent tax cuts on loan demand, but anecdotes from bankers suggest that, after months of stagnation, pipelines are filling up again.

The company, which recently shared a three-year plan to bring in more lower-cost deposits and commercial loans, seems ready to play offense a year after the ouster of its CEO.

Nonbank mortgage firms are seeking formal assurance from the Consumer Financial Protection Bureau that they will not become subject to surprise audits or enforcement without involvement of a state regulator.