Demographics

Becky Howell is stepping down after 38 years in the credit union movement

A new service is making it easier for the unbanked to shop at 7-Eleven and Amazon, but is that really the best way to serve low-income consumers?

The California-based credit union has seen significant growth among young members, but satisfaction rates were on the decline among all demographics due to long lines and wait times.

Bank of America, PNC join a growing list of banks planning to use the anticipated savings from the reduction in the corporate tax rate to boost wages for employees.

After Wells Fargo and Fifth Third said that the looming tax cut will allow them to raise pay, four smaller banks followed suit.

Jones, who was CFO until last year, succeeds Robert Wilmers, who passed away unexpectedly last week.

Fifth Third said it will give a bonus or raise to about three-quarters of its employees while Wells Fargo raised its minimum hourly pay in the wake of Congress' passing a tax reform bill.

Regional and community banks will offer low-cost or no-cost financial products through Bank On, which has already reached agreements with Regions Bank, Wells Fargo and SunTrust.

U.S. Reps. Gwen Moore and Paul Cook introduced a bill this week would allow more credit unions to expand their fields of membership to underserved communities.

Loot has been in development since 2014 and has raised a total of more than $7 million thus far.