Economy

Year to date through Jun. 30, 2019. Dollars in thousands.

Full-time equivalent, as of Jun. 30, 2019. Dollars in thousands.

Year to date through Jun. 30, 2019. Dollars in thousands.

Prosper hopes to do for lines of credit what it did for unsecured personal loans, while BBVA hopes to provide a better experience for customers.

The deal will create a Southeastern regional with $75 billion in assets across 11 states.

Large tech companies have been driving home the message that they can help the many Americans who struggle financially. But there are good reasons to be skeptical of their intentions.

NCUA financial metrics don't illustrate the way these institutions have changed consumers' lives for the better.

The more things change in small-business lending, the more they stay the same, going back as far as 3,000 years. But in this book excerpt, Karen Mills, former head of the Small Business Administration, predicts momentous changes ahead.

Taking a page from fintech competitors, banks have worked to enrich the small-business app experience.

The San Antonio company said it withstood rate pressures because it has been ahead of the game in deposit pricing over the last two years.

Rep. Ayanna Pressley, D-Mass., has proposed requiring annual testimony by the heads of the U.S. "global systemically important" banks.

Digit is applying its automated-savings techniques to the growing problem of student loan debt.

Bank and other lenders are said to have poured hundreds of billions of dollars into financing private-equity firms and their investment deals in recent years. Defaults have been low, but an economic slowdown could put these relationships to the test.

Shares in the lender fell after it reported lower third-quarter profits, said nonperforming assets rose and cautioned that it had lost multifamily loan deals to competitors offering easier terms.

Unlocking the information that technology companies have on consumers would benefit banks and society overall, the chairman of the Spanish banking giant said.

A lower court “erred” when it sided with Fannie Mae and Freddie Mac’s investors, the Justice Department said in its petition to the high court.

While the impact of the U.K.’s endemic late payments culture has captured the headlines over the past couple of years, there is arguably an even bigger problem afflicting the country’s merchant population — the threat of not being paid at all.

American Banker Capitol Hill reporter Neil Haggerty shares how the D.C. community reacted to Mark Zuckerberg’s congressional testimony and how it looks at the project now.

The regulator of Fannie Mae and Freddie Mac discussed steps the companies have already taken to limit their risk, as well as efforts to prevent housing market “overlap” with the FHA.

On Jun. 30, 2019. Dollars in thousands.