Consumer banking

Challenger bank Upgrade will reward credit card holders for repaying debt

10/29/20

Renaud Laplanche's fintech will give borrowers cash back when they lower their loan balances.

[more]

SoFi gets preliminary OK on bank charter, launches credit card

10/28/20

Both developments are part of the company’s strategy of becoming a full-service bank for its young, affluent customer base.

[more]

This CEO works for employees, not the other way around

10/27/20

Rick Wardlaw at Bank Independent in Alabama gets results by adhering to the servant-leadership model.

[more]

Fifth Third promotes Tim Spence to president. Is he next CEO?

10/26/20

Spence’s promotion to president could signal that the Cincinnati banking company is grooming him as a potential successor to Chairman and CEO Greg Carmichael.

[more]

Two Ohio credit unions set to merge by end of October

10/26/20

Members of First Choice Community Credit Union will have access to mobile banking and other products once the institution becomes part of Credit Union of Ohio.

[more]

Customers have turned cautious and banks are getting pinched

10/25/20

Deposits have piled up, curtailing overdrafts and other fees. The trend could force lenders to find other ways to make money — or start cutting to the bone.

[more]

Organizers look to open bank in western North Carolina

10/22/20

Highlands Banking would be based in a community near the state's borders with Georgia and South Carolina.

[more]

Umpqua to close branches, reduce office space over next two years

10/22/20

The Oregon company unveiled a sweeping cost-cutting plan that includes more remote work opportunities and up to 50 branch closures.

[more]

What's in, what's out as KeyCorp resets consumer strategy

10/21/20

The Cleveland company will exit indirect auto lending and close branches so it can devote more resources to mortgages, student loans and other relationship-driven, digital-friendly businesses.

[more]

New pressure on banks to offer affordable consumer accounts

10/19/20

Both the Federal Deposit Insurance Corp. and the American Bankers Association are encouraging the industry to offer basic products that could bring more unbanked households into the financial mainstream.

[more]