The tiny Flagship Bank has made an unusual bet in agreeing to pay 20 times current capital to buy BankMobile, but the same Durbin amendment that prompted Customers Bancorp to sell the unit also made Flagship the ideal buyer.

The price Customers Bancorp is getting for its BankMobile unit would exceed the initial estimates of $100 million to $150 million.

Solarity CU is piloting a branch it calls an "engagement center' to address and align all the different ways members want to do business with it.

The Kennesaw, Ga.-based firm, which makes online installment loans to borrowers with blemished credit records, currently operates in 14 states.

The Innovative Lending Platform Association and the Coalition for Responsible Business Finance announced Monday that they are joining forces.

President Trump’s order on “core principles” for financial regulation is succinct and instructive, but interpreting it is difficult when comparing it to more informal statements from Trump and his aides.

The Spanish bank said it will continue to be Atom’s main strategic investor and keep two seats on its board.

The San Carlos, Calif., firm is following a similar blueprint as other online lenders — launching with a particular loan product, refining its algorithms, and then seeking to expand into other corners of consumer finance.

Problems with Amazon's cloud computing services caused major disruption across the Web on Tuesday, but Capital One says it cloud strategy kept things smooth there.

Technology company says CU SoCal will have a unified platform for online and mobile banking.