Banking

Collectors are mulling a procedural overhaul after a three-judge panel said the practice of using vendors to inform consumers about outstanding debts is illegal. The case may also complicate the CFPB's upcoming rule on electronic messaging.

Citigroup Chief Executive Jane Fraser said she’s “very bullish” on the immediate outlook for the U.S. economy, and the banking giant is still planning to add more branches around the country.

In partnership with the startup Hope Trust, the Chicago bank is piloting tools that will help people with disabilities, their families and caregivers manage their finances, government benefits and medical care.

Zoom meetings may never go away, but in the fiercely competitive world of high finance, visits to faraway clients are starting to stage a rapid comeback.

Michael Moeser, senior analyst at PaymentsSource, talks to Simon Powley, head of advisory services at Diebold Nixdorf, about the importance of cash as the economy recovers from the coronavirus pandemic.

Small-bank executives are more optimistic about future loan demand than at any point since 2017, but they have mixed feelings about how to fund upgrades to the nation's roads, bridges and other infrastructure — if at all — according to a new survey by IntraFi Network.

The credit union service organization's newest clients want it to build services such as cross-border payments and simpler bill pay.

Lindy Andry has been Ascentra Credit Union's interim president and CEO since November.

Priscilla Sims Brown will join the New York company from Commonwealth Bank in Australia.

Both credit unions are based in Pittsfield, Massachusetts.

The credit union service organization's newest clients want it to build services such as cross-border payments and simpler bill pay.

The deal, which could happen this week, would value the mortgage lender at $7 billion; lenders are worried about the impact of CECL, which requires them to recognize loan losses early.

Despite strong payment volume and revenue, Affirm's earnings suffered due to stock compensation and an adjustment on its purchase of PayBright in January.

First Foundation and Suncrest are among the community banks developing platforms that let clients buy, sell and hold increasingly popular digital assets. The goal is to avoid losing business to cryptocurrency exchanges.

After more than 100 years of mostly in-person operations, the subprime installment lender is seeking to adapt to changing consumer preferences — launching an online loan platform just before the pandemic and recently striking a deal to acquire a financial wellness app.

The feature has become popular during the coronavirus pandemic, providing a quick and simple way for credit unions to confirm users' identities as well as promote products and services.

On Dec. 31, 2020. Dollars in thousands.

On Dec. 31, 2020. Dollars in thousands.

On Dec. 31, 2020. Dollars in thousands.

The National Credit Union Administration issued only one prohibition order in April.