Demographics

Wells Fargo charges students nearly four times as much in fees as banks without college marketing agreements, according to an internal report by the Consumer Financial Protection Bureau.

Several challenger banks are trying to relieve consumers’ financial stress by offering tools that guide better habits.

James Reynolds will become the president and CEO of the New York institution after James Doig retires.

A recent report – supported by the National Council of Postal CUs – says the USPS is ill-equipped to manage the risks involved in offering banking services.

Sunrise Banks in Minnesota, which has a mission of helping underserved communities, also provides compliance services to fintechs with a similar mission.

The changes affected Dean Athanasia, Thong Nguyen, Katy Knox and Andy Sieg. The company also gave more responsibility to Chief Administrative Officer Andrea Smith.

A report released Tuesday echoes bankers’ arguments that the USPS is ill-equipped to manage the risks.

Norman Mann II, who has worked for the institution for more than a decade, will take over as president and CEO for Danny Gregg, who is retiring.

The online lender has acquired NextGenVest, which uses AI and text messaging to advise high school and college students about getting loans. CommonBond’s goal is to better understand the distinctly different demographic group rising behind millennials.

Robert Rubino will join the New York company in February as president of CIT Bank and head of commercial banking.