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Some are in new roles or replacing legends, others are embracing new strategies or eyeing big deals and at least one is currently out of banking — but could soon resurface. Here are the industry executives to keep an eye on in 2018.
December 11 -
OneUnited is trimming branches and expanding digital offerings as it builds its brand as a backer of social justice that develops innovative products such as a Black-Lives-Matter-themed debit card.
December 11 -
House and Senate bills contain a provision that would let financial firms in all states use digital scans of photo IDs to verify identities of prospective customers. That could ease the account-opening process for consumers in areas where branches are few and far between.
December 11 -
The short-term loan industry is suddenly playing offense in Washington following Mick Mulvaney's appointment as acting head of the Consumer Financial Protection Bureau.
December 8 -
The grant monies will go to 12 credit unions in 17 different states.
November 29 -
California-based CU grew loans by 15.2 percent, assets, memberships rise.
November 20 -
Carver Bancorp, which has spent 70 years serving minorities in Harlem and surrounding neighborhoods, is struggling to turn a profit. As black-run banks nationwide struggle to stay afloat, Carver's CEO insists the institution is on the right track.
November 20 -
Spuck will take over at the credit union in early December as longtime CEO Jim Brisendine prepares to retire.
November 16 -
Evidence that the credit characteristics of online installment borrowers at the time of repayment are consistently worse than at the time of borrowing should be a sobering thought for lenders that have not been fully tested in a credit downturn.
November 15
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The Cleveland Fed's conclusion that U.S. consumers are typically worse off after getting online loans encountered strong pushback from industry groups and the company that provided the data.
November 14 -
Consumers who have borrowed from online lenders owe more and have lower credit scores than similarly situated consumers who have not used online lenders, according to a study released Thursday by the Cleveland Fed. The provocative findings seem likely to spark intense debate.
November 10 -
The credit union's board has appointed CFO Arlene Bernard to the position of interim CEO while a nationwide search for McFadden's successor is underway.
November 9 -
Nick Moalli succeeds John Keet, who is retiring from the credit union after nearly two decades there.
November 9 -
Adding retirement accounts broadens the app's offerings to millennial clients.
November 8 -
Comerica's chief accounting officer since 2010, Carr will replace David Duprey, who is retiring early next year.
November 8 -
The banks' newest offerings hope to attract young clients and keep them there for life. But they face stiff competition.
November 7 -
Rather than pull up stakes and leave two low-income Mississippi towns at the mercy of payday lenders, Regions Bank donated the branches to a local credit union and kicked in another $500,000 for operating costs.
November 7 -
Bill Donnelly was named the first-ever finance chief at San Francisco-based LendUp.
November 7 -
Capital Corps, led by Steven Sugarman, aims to provide financing to homeowners and small businesses that it believes are overlooked by banks. The firm features several former Banc of California executives.
November 6 -
The company, which recently bought Sabadell United in Miami, is pledging to make billions of dollars in mortgages and small business loans in low- and moderate-income communities.
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