Economy

The Atlanta bank had previously failed compliance metrics in five straight quarters before passing them last year, according to the settlement's monitor.

Umpqua Bank has hired veteran lender Tom Farrell to help it grow its homebuilder finance group in California.

CU Direct CEO Tony Boutelle has a word for the future of the auto industry: A.C.E.S.

Terms on car loans continue to lengthen in an attempt to keep monthly payments manageable for consumers, but one expert warns that at some point they're going to impact affordability.

Yet another economist is warning credit union professionals that the economic tides could shift dramatically in less than 18 months.

Here's a look at eight deals, why they were significant and why many more are expected.

Financial institutions have spent time and money to try to make their branches and digital services more accessible, but Fifth Third and TD Bank are among employers working with the nonprofit Project SEARCH to meet an overlooked need: finding jobs for young people with autism and other cognitive challenges.

A lack of talent, capital and good business planning proved fatal for bank organizers in California and Georgia.

There are so many reasons — the credit cycle, the plight of small banks or competition from Amazon and foreign banks — that the head of JPMorgan could live to regret that statement.

Amid rising interest rates and vehicle costs, longer loan terms and more, credit union auto lenders have two paths they can take to manage the challenges and opportunities that lie ahead.

A change in House leadership in midterms would slow down regulatory relief initiatives and put more heat on Trump-appointed regulators.

Organizers of CommerceOne Bank are one step closer to a planned opening this summer.

California lawmakers have voted to authorize the establishment of state-chartered banks for the limited purpose of serving the marijuana industry.

Dark clouds may not yet be on the horizon, but industry executives are sending the message to investors that they know a turn in the credit cycle is coming, and they are planning accordingly.

A change in House leadership in midterms would slow down regulatory relief initiatives and put more heat on Trump-appointed regulators.

As other banks de-emphasize mortgage lending, Citizens is spending half a billion dollars to buy a large originator with a big servicing portfolio.

Community Development Credit Unions grew outstanding loans by 13 percent in 2017, compared to 10 percent for non-CDFI-certified CUs.

A group in North Carolina has finally gone public with its brand, and three other de novos have already been rebranded.

The Rhode Island regional agreed to buy Franklin American Mortgage. With the acquisition it would have one of the nation's 15 largest bank-owned mortgage platforms.

Whether they’re thwarting cyber thieves or building out new apps, bank chiefs say hefty tech investments are now a cost of doing business — but they have to convince shareholders.