M&A

Fintechs are banking's Transformers. And banks aren’t ready.

02/26/20

Fintechs like LendingClub and Varo Money illustrate how the traditional financial system is changing. Banks that don’t rapidly evolve with technology will be obsolete.

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CUNA chief and NCUA at odds on bank purchase guidance

02/26/20

The debate centers on whether guidance on credit union-bank mergers is necessary.

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Dimon ‘open-minded’ on deals; CFPB would permit ‘zombie’ debt collection

02/26/20

JPMorgan would consider buying other businesses; collectors would be allowed to pursue debt past the statute of limitations, if they warn borrowers.

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Changes at Mastercard; JPM gets on climate change bandwagon

02/25/20

Payments firm announces leadership changes; the bank will place restrictions on fossil fuel lending while adding to sustainable projects.

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Delaware bank's tech overhaul shifts into higher gear

02/24/20

WSFS, in an effort to catch up with bigger rivals, plans to upgrade digital channels in three years instead of five.

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Intuit, Credit Karma chiefs contend merger is good for consumers

02/24/20

Observers speculate that Intuit simply wants to enhance revenue and protect its tax software business, but the CEOs of each company say the deal would also give consumers more control of their overall finances.

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4 ways a Credit Karma deal could pay off for Intuit

02/24/20

Intuit is reportedly buying Credit Karma for $7 billion. The move is seen as a way for Intuit to get access to more consumer behavior data, generate new sources of income and potentially protect a key business.

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Colony entering eastern Georgia with deal for Cadence loan book

02/24/20

The company is buying a homebuilder finance portfolio with $47 million in loans and $80 million in commitments.

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PNC gets sued, LendingClub buys bank, regulators spar: Top stories of the week

02/21/20

Tech firm accuses PNC of stealing trade secrets; online lender LendingClub agrees to acquire Radius Bank; questions arise whether regulators are turning more partisan; and more from this week's most-read stories.

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Why more issuers see profit in secured credit cards

02/21/20

Ally Financial's recently announced $2.65 billion cash-and-stock deal for CardWorks, which offers unsecured credit cards among other products, places a high price tag on a traditionally risky product.

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