Online banking

Acting Comptroller of the Currency Keith Noreika on Monday gave a ringing endorsement to online lenders seeking to expand into banking, suggesting they should consider taking deposits and seek out national bank charters as they mature.

The online bank will consolidate all of its Charlotte-area employees into a new office tower, but its headquarters will remain in Detroit.

First Tennessee took a leap of faith to hire a young digital services company for its overhaul of mobile and online operations, and it says its decision has paid off.

It is reasonable to rethink the role of state usury laws in national credit markets, but there should not be any erosion of consumer protections.

The online lending platform Kabbage announced Thursday it has raised $250 million from the Japanese telecom giant SoftBank, marking its largest equity fundraising round to date.

Dan O'Malley, who until very recently ran the fintech incubator at Eastern Bank (and before that was at Capital One), now has a startup called Numerated Growth Technologies and software that he says can process loans in five minutes.

Along with asset and membership milestones, the credit union celebrated its 100th anniversary in 2016.

Compliance flexibility, state law harmonization and funding transparency requirements are among the regulatory steps that can encourage continued innovation.

Readers sound off on the use of AI in underwriting, the reasons for the failure of a Milwaukee bank, U.S. banks’ progress in adopting APIs, and more.

Startups believe artificial intelligence will make loan officers obsolete, and that may be true. But it remains to be seen if AI will make lending safer.