Biz2Credit leans in to AI underwriting
The New York-based fintech’s high-tech initiative is the centerpiece of an initiative aimed at capitalizing on an expected surge in small business lending activity.
Diverging state-level rules splinter bank regulatory compliance
Banks are analyzing their regulatory exposure through the lens of “red state” versus “blue state” requirements — a consideration that would have been unthinkable just a few years ago.
What happens to a mortgage when the house is razed?
When a house is lost, so is much of the collateral on the mortgage. Here’s how both lenders and homeowners can bounce back.
Banks have ‘best chance in decades’ to pass credit union tax
Republicans’ emerging tax bill could include a measure to subject some credit unions to federal taxes, reigniting a long-simmering conflict between bankers and credit unions.
Why bank M&A is off to a sluggish start in 2025
Deal advisors said the Trump administration’s tariff threats and the specter of inflation have given some bankers reason to pause on acquisition plans. Momentum could still mount, but uncertainty in Washington is a detriment early in the new year.
Trump order gives banks a regulatory break, but at what cost?
A White House order peeling back agency independence would curtail bank regulation in the near term, but could set the stage for long-term uncertainty and volatility.
Luvleen Sidhu reflects on BM Tech journey after sale to bank
First Carolina Bank has completed its acquisition of BMTX, formerly known at BankMobile, and Luvleen Sidhu is stepping away from her position as CEO.
Senate confirms Kelly Loeffler to lead SBA
The former Georgia senator and entrepreneur, who promised to combat red tape and fraud in her confirmation hearing, takes office following a 52-45 vote.
Finastra breach exposed personal data, company tells victims
A notification from Finastra to victims reveals that a data breach reported late last year compromised some consumer financial information.
Judge sides with CFPB in upholding small business rule
A federal magistrate judge is recommending that the Consumer Financial Protection Bureau’s small business lending data collection rule be upheld, rejecting a challenge by merchant cash advance lenders.