Banking

Lawmakers are seeking documents from two companies — Blueacorn and Womply — over concerns about the suspected scale of fraud in Paycheck Protection Program loans they processed.

Dustin Cuttriss will succeed Kevin Willour, who is retiring at the end of 2022.

Jane Kulich, who worked for Citizens Bank in Mukwonago, Wisconsin, was killed when a driver plowed into the gathering in nearby Waukesha.

Professional Holding CEO Dan Sheehan is dismissive of off-the-shelf bank technology. “Whatever we’re getting in a box, the next hundred competitors are going to be able to get.”

The Cleveland company has bought out XUP after taking an equity stake in it early this year, saying its technology showed promise in simplifying enrollment of small and middle-market companies in multiple commercial payments services.

The regional banks are moving past old-school collection calls, instead using emails, texts and on-screen messages to urge delinquent customers to repay debt. Modern communications are said to be more efficient and in keeping with Consumer Financial Protection Bureau debt-collection rules set to take effect Nov. 30.

Alliant Credit Union in Chicago is building a database of Consumer Financial Protection Bureau enforcement actions to analyze patterns over time and help it formulate a compliance program that will withstand political swings in Washington.

Year to date through Sep. 30, 2021. Dollars in thousands.

Year to date through Sep. 30, 20201. Dollars in thousands.

The buyer said it would enter two of Wyoming’s largest markets and expand in Nebraska and Colorado with the purchase.

Bankers say they're putting up with behavior from entry-level workers that never would have been tolerated in the past because it's so hard to fill positions. Those compromises can undermine corporate culture.

John “Bernie” Winne has led the credit union for 20 years. He is stepping down at the end of June 30.

After Democrats failed last year to rally support for a federal 36% limit, House and Senate proponents are trying to capitalize on the momentum from state rate caps that recently passed on a bipartisan basis.

SAFE Credit Union in Folsom, California, will promote its chief credit officer, Faye Nabhani, to president on Jan. 1 and then CEO a year later. She will be the institution's first female leader in its 80-year history.

Locality Bank in Fort Lauderdale and Gulf Coast Business Bank in Fort Myers would be the seventh and eighth banks to open in Florida since 2017 — the most of any state in that span. Organizers relish the chance to start from scratch, but some observers lament the drop-off in de novos from the pre-crisis era.

John Cassidy will retire as CEO of Sierra Central Credit Union in Yuba City in January. Ron Sweeney, the company’s president, will take his place.

Buying Spirit of Texas would give the Arkansas company access to the Austin, San Antonio and Houston markets and make it a bigger player in the fast-growing south-central U.S.

A well-intentioned report from federal banking regulators was flawed in recommending that only insured depository institutions be permitted to issue stablecoins. Here's why.

N26 and Monzo halted or delayed expansion plans here largely because competition for customers was already intense and obtaining a banking license proved difficult.