Banking

Many lenders are pushing ahead with tight new borrowing requirements as they wait for regulators define a "qualified mortgage," as required by Dodd-Frank.

Trustmark in Jackson, Miss., does not expect to get regulators to OK its takeover of BancTrust in Mobile, Ala., until late this year or early next year.

RSA, the security division of storage and cloud computing company EMC, is offering technology that segments and stores data in multiple places to safeguard passwords and other secrets from cyber criminals.

Financial institutions can avoid negative headlines by monitoring feedback via social media, continually educating staff on how to talk to customers and making reputation risk a major part of their enterprise risk management program.

WARRENVILLE, Ill. – Alloya Corporate FCU says it has submitted its application for the previously announced merger with CenCorp CU and hopes to complete the combination by year end.

NBT Bancorp (NBTB) will acquire Alliance Financial (ALNC) in a deal valued at $233 million.

The mobile tech firm is expected to unveil its new Fin.X, which allows deployment of new mobile features via cooperation with a range of service providers, at this week’s BAI show in Washington. Rivals claim they already have the same technology.

After years of providing financial services, Walmart is becoming a more formidable bank competitor with the addition of American Express's checking account alternative, Bluebird.

Software manages and protects the authentication keys that networked computers use to validate one another.

The Bluebird card will run on American Express's Serve platform and allow many ways of loading money.

New companies are constantly entering the payments industry, bringing not just new products but also new ways of doing business. And they don't always play nice.

A LinkedIn discussion thread mulls a potential hazard of rigid risk management: Does an unyielding concern for risk impede financial institutions from coming up with creative solutions to traditional problems?

PayPal was an early supporter of Bump, whose technology could simulate an NFC payment by moving money when users' phones sensed they were being tapped together. But PayPal dropped Bump from its mobile app this year. Where does this leave Bump?

MADISON, Wis. – Summit CU is poised to open its latest in-school branch in Memorial High School in January.

VIENNA, Va. – Navy FCU will open its 14th Maryland branch in the Baltimore suburb of Glenn Burnie Tuesday to serve more than 21,000 local members.

LOS ANGELES – Lawyers for former WesCorp FCU CEO Bob Siravo and CFO Todd Lane filed documents in federal court Friday saying they still want to depose Gigi Hyland on what she knew about the agency’s approval of the failed corporate’s risky investments, even though Hyland resigned from the NCUA Board the same day.

LENEXA, Kan. – NCUA has reached agreement to sell the offices of U.S. Central FCU, just as it was scheduled to shut down the operations of the one-time $52 billion central bank for credit unions last week.

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SI Financial Group (SIFI) in Willimantic, Conn., said it will report a third-quarter loss of up to $750,000 because of a rise in its loan-loss provision.

The embattled Lansing, Mich., company announced earlier this week that it had entered into agreements with two units of ValStone Partners, a private-equity firm in Birmingham, Mich.