Industries

Hostilities toward the legal U.S. cannabis industry are softening considerably, with signs of further removing cash and digital workarounds from a market that has long been shunned by traditional payment cards.

The federal banking regulators have proposed allowing more directors and management officials to serve at more than one institution in an effort to provide relief to community banks.

Banks were reluctant to offer services to an industry that had a hazy legal status. That’s about to change.

A proposal allowing more lenders to skip outside appraisals could remove a hurdle to quick closings, but appraisers say they could be collateral damage.

The current deputy secretary of the Department of Housing and Urban Development, Pam Patenaude, will step down in January.

As Congress races to fund the government, a criminal justice reform bill could also include the STATES Act, which would provide safe harbor for credit unions serving the legal marijuana industry.

Chicago Deferred Exchange, which helps clients defer tax hits from property sales, had about $1 billion in deposit flows this year.

Live Oak Bancshares became an SBA juggernaut by making loans, selling them and making more. With economic conditions changing, it is retaining more credits.

The U.S. subsidiary of the Royal Bank of Canada has added bankers from MUFG Union Bank and Bank of America to its Orange County, Calif., team that serves the aerospace and defense industry.

The Anchorage-based institution said its decision to enter the pot banking space was driven partly by public-safety concerns in a cash-based industry.

Hearings of interest to credit unions have been postponed as the government prepares to close for a day of mourning following the death of President George H.W. Bush.

While apps are still a popular way for customers to order and pay, other options are emerging because they're a natural fit for restaurant patrons, many of whom are already heavy users of text, social media and voice technology.

The effort to raise the threshold for transactions excused from appraisal requirements responds to concerns that the current threshold is outpaced by real estate prices.

Lenders fear the agency's rule could make most poultry producers ineligible for 7(a) loans.

Credit unions are well positioned to serve small businesses, but they'll lose that opportunity if they're not adequately protecting those members' cash flow.

Challenges will likely increase as interest rates rise and investors grow more concerned about a downward turn in the economic cycle.

After incorporating big data, tweaking existing products and reducing barriers for new members, the Mass.-based credit union saw increased checking usage, more deposits and higher PFI levels.

Banks can handle the energy-linked loans they've extended — as long as oil prices don't drop much below $50 per barrel, analysts are saying.

The move allows the New York multifamily lender to make more loans without having to raise capital.

Tepid loan and deposit growth has been a persistent theme in 2018, but that could soon change for community and regional banks in the New York and Washington markets.