Banking

Most real estate agents and home builders have heard about the new mortgage disclosures that take effect Oct. 1 but are light on the details, and many of the lenders they rely on lack sufficient understanding to help them.

Corporate strategy is taking up more of a CIO's day than ever, survey respondents say.

A high percentage of loans to oil and gas firms are large and syndicated. As a result, more shared loans are becoming problematic for participating lenders.

Battery Ventures, a tech-focused investment firm, has agreed to acquire Physical Security Business Unit, part of the security division of Nice Systems, a vendor that focuses primarily on the financial services industry.

Promontory Financial vowed to take the New York Department of Financial Services to court after it effectively banned the consulting firm from working on regulatory issues for banks the department supervises.

Millennials are beginning to take on more auto and student loans but are lagging in their use of credit cards and are slower to build some types of credit compared to Generation X and Baby Boomers, a report from Experian reveals.

The appearance of consumers’ account numbers on the outside of envelopes containing letters from collection agencies does not violate the FDCPA, two New York federal judges ruled in separate cases.

Citigroup is being investigated over its student-loan servicing practices in a probe that the bank said echoes an enforcement action against at least one other institution.

Payment system transformation has become a pressing need for banks today. The rate at which this is happening is largely controlled by the conflict between rapid technological shifts and the barriers to product acceptance.

HSBC Holdings Plc's first-half profit beat analysts' estimates, buoyed by income from Asia and securities trading, and the bank agreed to sell its Brazilian operations for about $1 billion more than expected.

Glacier Bancorp in Kalispell, Mont., has agreed to buy Cañon National Bank in Cañon City, Colo., for $31.8 million.

Driven by greater demands to help meet business goals, these CIOs share some of the tactics that have helped them win friends and allies in other departments and move big projects forward.

Security and online and mobile banking rose to the top of bank CIOs' priority lists this year, according to a proprietary survey by American Banker and SourceMedia Research.

A survey of 50 bank CIOs conducted by American Banker found CIOs' daily lives are still dominated by the need for state-of-the-art customer-facing technology, security concerns and concerns around business strategy and revenue growth.

The National Credit Union Administration's plan to liberalize its rule governing member business lending has touched a raw nerve inside the community banking industry.

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A recap of the informed opinions (and the discussions they generated) on BankThink this week, including whether independent consultants should be criminally liable for misrepresentations in their reports and whether higher rates will help or hurt banks.

An NCUA proposal to make credit unions more competitive commercial lenders is drawing fire from community bankers, who say it invites risky underwriting, unfair competition and a repeat of the thrift crisis.

Lawmakers included a measure that will impose new mortgage reporting requirements on banks and servicers as part of a short-term highway funding bill passed this week by both chambers of Congress.

Marlin Business Bank has launched a new site to compete with alternative lenders such as OnDeck and Kabbage, which specialize in providing quick and convenient access to small-business credit.