Banking

Bank economists predict further improvement in the quality and availability of consumer and business credit now that a third stimulus package has been approved. Still, COVID-19 vaccine distribution will determine how quickly the U.S. economy rebounds.

Barclays’ deal with the airline still has three years to run; the Fed chief said the pandemic has exposed the need for speedier cross-border money transfers.

About 2,000 credit unions will receive a disbursement in connection with the failure of three corporates during the financial crisis, but the agency indicated nearly $2 billion in additional payments could be coming.

The legislation easily passed the House in 2019 but was never considered in the Senate. Observers see a more promising path forward this time.

TomoCredit relies strictly on cash-flow data to gauge the creditworthiness of immigrants and young consumers, who often have too little financial history for traditional scoring models.

The Florida bank will expand to the east with its pending purchase of Hillsboro Bank.

The Rhode Island institution's next CEO has led lending operations at nearby Navigant Credit Union since 2017.

Like the fintechs SoFi and LendingClub, DLP Real Estate Capital is acquiring a community bank largely to lower the cost of funding loans.

Members of the Gunther family who own about a third of the Utah company's stock said they plan to vote against several directors at this year's annual meeting.

As the refi boom continues, many lenders will need to find the right balance of staffing and technology to meet members’ needs.

The bank is close to an agreement with Cerberus’s French banking outfit; the two-day, first-of-its-kind sale attracted a winning bid that was 21% higher than the market price.

A new report from the regulator shows slower growth in membership and lending, as well as a decline in the number of credit unions reporting profits.

As the fintech industry matures and takes stock of how it has disrupted the banking industry for good, it’s critical we continue placing value on specialization to create a better, customer centric experience for all, says Moorwand's Luc Gueriane.

The American Fintech Council and the Financial Technology Association say they’ll promote responsible innovation, fair access to financial services and more. Their dozens of members include some of the biggest names in fintech.

Showcasing contactless ATM access and enabling easier use of stimulus funds are among the ways the megabank and digital upstart are tailoring services to customers acquired during the pandemic.

The IRS, FDIC and more than 70 banks and credit unions are urging consumers to open affordable accounts so they can receive their Economic Impact Payments quickly and safely. Many people have signed up, but millions lack accounts and will be harder to serve.

A new study from Black Kite outlines a variety of threats facing the industry and pinpoints the average cost of a breach at large and small institutions alike.

First Internet CEO David Becker used to be dismissive of the Small Business Administration. But after getting to know some of the borrowers during the pandemic — and after his bank collected hefty fees from selling 7(a) loans — he's become a convert.