BankThink

U.S. Reps. Gwen Moore and Paul Cook introduced a bill this week would allow more credit unions to expand their fields of membership to underserved communities.

The Silicon Valley payment processor is firing back at critics who say its bid for a bank charter would open the door to similar gambits by tech giants. Community activists, meanwhile, seem to be coming around to the idea of Square opening a bank.

The company said it will lay off more than a dozen employees in a move that reflects the current volume of mortgage loan originations.

For decades, Fannie Mae and Freddie Mac helped working-class Americans get mortgages. That essential and powerful role in the national economy is fading.

Amalgamated's purchase of New Resource Bank is part of a broader strategy to enter more U.S. markets.