Demographics

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.

Bill Donnelly was named the first-ever finance chief at San Francisco-based LendUp.

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.

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.

BCU CEO Mike Valentine has mentored many credit union executives and he recently was recognized by CUES for his commitment to the movement.

Linda Pearsall will replace retiring CEO Randall Dixon on Jan. 1, 2018

Focus on ensuring your teams know why you make changes, and they will be far more likely to make those changes work for you.

Pam Easley comes to AltaOne with more than 20 years' experience in the credit union movement.

Catering to young clients, Finn by Chase blends instant account access, emojis and PFM tools.

Deserve is offering unsecured cards to young adults who do not have traditional credit scores. The Silicon Valley startup uses a proprietary algorithm that analyzes bank account activity to evaluate the likelihood that borrowers will repay.

TD Bank has pledged $3 million to provide credit counseling to small-business owners. The hope is that those owners will use commercial loans to replace personal credit cards and home equity as their primary forms of business funding.

The ROI with the incremental costs and considerations will determine whether to proceed or not whether it is cashless, cash, or other alternative payment methods, writes Laura Townsend, senior vice president of the Merchant Advisory Group.

Banks could help narrow the financing gap for U.N. development goals to be met, but changes in Basel and loan guarantee standards are necessary.

The tech giant won praise from consumer groups for its decision to ban ads for high-cost consumer loans. But the policy contains a big loophole, and advertisers have found multiple ways to exploit it.

Millennials care about more than money. So it's important for recruiting efforts to show what bankers do for their communities.

A change in the formula that banks use to calculate borrowers’ debt-to-income ratios, announced by Fannie Mae in April, appears to be spurring more lending.

Rosek brings more than 30 years experience in the credit union movement to the $171 million-asset institution.

The film industry is painting an ugly picture of what life is like inside banks, and that could hurt banks' recruitment efforts.

Theodora Lau, director of market innovation at AARP, says financial companies and fintechs should consider the over-50 crowd in their app designs.

In a new book, Mehrsa Baradaran argues that the same forces of poverty that African-American banks were supposed to alleviate are now holding them back.