How credit union branches are doing more with less
Michigan State University Federal Credit Union and its peers are streamlining branch design and staffing to improve customer service while managing the rising costs of real estate and construction.
Move over, office loans. Apartment lending is also feeling the pinch.
Rising interest rates are putting pressure on multifamily housing borrowers — especially investors who were looking for a quick return.
How one Florida credit union exec’s efforts are helping the underserved
Jennifer Kouchis, senior vice president of real estate lending for VyStar Credit Union in Jacksonville, has been at the forefront of numerous campaigns to reach overlooked communities, including tailoring products to them.
‘It goes beyond just translating’: How bank products become bilingual
Few large banks fully support the Spanish language. Those making the effort, including U.S. Bank and Square, could better reach a fast-growing population.
Chicago-area banks get their merger done. It’s no small feat in 2023.
Byline Bancorp completed its acquisition of Inland Bancorp on time, avoiding the kind of regulatory delays that have dampened bank M&A activity for the past 18 months.
Subprime auto bondholders face possible first hit in decades
Bonds backed by car loans made by U.S. Auto Sales and American Car Center, two used-car dealers that shut their doors earlier this year, have been veering into distress in recent weeks. Meanwhile, borrowers have been falling behind on payments.
Should card issuers fear FedNow’s impact on revenue?
The Federal Reserve’s instant-payments rail may cut into card issuers’ credit and debit card volume over time, but it could also help smaller institutions expand their services.
The Federal Home Loan banks and the disappearing American dream
The Home Loan banks are failing to serve huge numbers of Americans because of their reliance on outdated credit scoring models.
HSBC tests quantum tech in London to guard against future hacks
So-called quantum key distribution is a type of cyberdefense that financial institutions think could help protect trillions of dollars of transactions from increasingly sophisticated hackers in the future.
Biden’s new student debt relief plan will likely face legal challenges
As President Biden tries to revive a key campaign promise to provide widespread debt relief to student-loan borrowers after a Supreme Court setback, legal experts warn that he’s likely to encounter a fresh wave of lawsuits challenging his authority to act without congressional approval.