News Topic: Consumer banking

Digit is applying its automated-savings techniques to the growing problem of student loan debt. ... Read full article

The National Credit Union Administration board member is requesting comment on a proposal to create new consumer compliance measures for "large, complex credit unions." ... Read full article

Consumer identities are becoming increasingly digital and more prone to privacy risks. Lawmakers cannot sit idle. ... Read full article

Startups are increasingly expanding into new areas with their bank partners in an effort to broaden their customer base and bring products to market faster. ... Read full article

Division is making progress, helped by a rise in branded credit cards; about 200 bankers in agriculture and energy lending let go in recent months. ... Read full article

The nation's largest private student lender plans to curtail its use of forbearance, a move that could well save some borrowers money but could also result in more defaults. ... Read full article

Rakefet Russak-Aminoach, who will leave the company at the end of the month, has raised net profit and lowered costs by revamping its technology and culture. ... Read full article

Huntington Bancshares and U.S. Bancorp also said in recent days that they are eliminating jobs to reduce overhead and improve profits. With net interest margins shrinking and branch traffic continuing to decline, expect more banks to follow suit, analysts ... Read full article

Originally formed to help consumers spot recurring charges, Truebill is adding banking and financial management features to its app. ... Read full article

U.S. Bancorp is eliminating thousands of branch workers as it adjusts to changing customer preferences, according to a person briefed on the decision. ... Read full article

The deal, which is expected to close in mid-2020, would create a company with nearly $18 billion of assets and more than $14 billion of deposits. ... Read full article

The new CEO is the first outsider to head the scandal-ridden bank in decades; Facebook CEO faces the House Financial Services Committee on Wednesday to discuss Libra. ... Read full article

At TCF National Bank in Detroit and First National Bank of Omaha, early results from artificial intelligence pilot programs are strong. ... Read full article

Zachary Wasserman will succeed Mac McCullough, who is retiring at the end the year. ... Read full article

Employee programs need to embrace a wide range of groups including women, minorities and the LGBTQ community. ... Read full article

The Pittsburgh company’s “branch lite” approach to retail and middle-market banking in new markets will break even sooner than expected and has had a noticeable impact on loans and deposits. ... Read full article

The Minneapolis company attributed the uptick to new tech tools, additional loan officers and other process improvements — not to mention the refi boom fueled by lower rates. It’s a formula other banks are expected to copy. ... Read full article

They’ve long used their marketing muscle to wrest deposit share from smaller competitors. Now, amid growing concerns that the economy is weakening, they could be benefiting from consumers’ flight to safety. ... Read full article