Kleber Santos will be responsible for building a more inclusive workforce and designing products that meet the needs of a broader, more diverse range of customers. ... Read full article
Members of Niagara Mohawk Power Corp. Troy Employees Federal Credit Union recently voted to merge with Albany-based CAP COM. ... Read full article
A Democratic victory in Tuesday’s election would likely produce new leaders at the CFPB and OCC who could take bank regulation in a sharply different direction. Here are some names potentially under consideration. ... Read full article
Payment rates for auto lenders and credit card issuers have remained strong despite a spike in unemployment. Whether these trends continue into 2021 will depend largely on the actions of Congress and the pace of medical advances. ... Read full article
Myra Toeppe, who had been serving as acting director since January, will take on that role permanently. ... Read full article
Credit is tightening to 2008 levels at a time when small businesses need help the most, former SBA chief Karen Gordon Mills says. ... Read full article
The person-to-person network is being used more often for purchasing, with consumer payments to small businesses up sharply. ... Read full article
The changes include lower loan minimums and fatter fees for lenders; while electronic payments help most providers, banks and lenders who need credit income could face growth challenges. ... Read full article
A new service from NCR aims to reduce surface transmission of the coronavirus through the application of an antimicrobial cleaning product that kills germs. ... Read full article
Professional Holding has opened an office close to Boston to make loans to aspiring CEOs — often recent business school graduates — who are looking to buy their first businesses. ... Read full article
Earlier this year, the Southern California credit union was criticized for its directors not representing the demographics of the communities it serves. ... Read full article
The effort is the first offshoot of Project REACh, which is designed to bring together business leaders, government officials and advocates to help improve financial services options for disadvantaged communities. ... Read full article
The agency’s final rule modernizing the Fair Debt Collection Practice Act limits calls to seven per week, but collectors won stronger protections from liability claims and other key changes to the original proposal. ... Read full article
Banks and Paycheck Protection Program recipients are caught in a bind between two SBA rescue programs; SoFi gets preliminary OK on bank charter, launches credit card; HSBC vows to ‘accelerate’ U.S. cost-cutting plan; and more from this week’s most-read ... Read full article
The digital bank is on a larger mission to attract younger customers. It's inserting itself into the popular video game in the hope that game players will learn about its products and have fun at the same time. ... Read full article
The CrossState Credit Union Association continues to work with lawmakers in neighboring New Jersey to get similar legislation passed there. ... Read full article
Underwhelming participation in the middle-market loan program has forced the central bank to reduce the minimum borrowing amount for the third time, to $100,000. ... Read full article
The New Jersey company reported a quarterly loss after becoming one of the first lenders to liquidate loans harmed by the coronavirus pandemic. ... Read full article
Many eateries that relied on outdoor dining to survive the pandemic could see revenues plummet as the weather turns cold. ... Read full article
Lufax, which was once among China’s largest peer-to-peer lenders, has morphed into a financial giant offering wealth management and retail lending services. ... Read full article
