Banking
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Biden administration likely to cut FHA premiums despite credit risks
WASHINGTON — A little more than a week into President Biden’s term, mortgage industry experts and investors are already pricing…
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Pandemic slows pace of branch expansion at Navy Federal
Navy Federal, the world’s largest credit union, is forging ahead with branch expansion despite the pandemic, though at a slower…
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Fintechs try to take the pain out of PPP applications
For more content like this, from the industry leader in global payments coverage, please visit PaymentsSource.com. The Paycheck Protection Program…
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Roberto Herencia to become CEO of Byline Bancorp in Chicago
Byline Bancorp in Chicago didn’t have to look far to find its next leader. The $6.4 billion-asset company said in…
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New CFPB boss vows to get tough on military lending, pandemic relief laws
The Consumer Financial Protection Bureau’s new leader is vowing to move quickly to penalize mortgage servicers, banks and other financial…
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Behind the deal to form the biggest Black-run bank
Two buyout offers rejected. A hostile takeover thwarted. Two old colleagues reunited. That’s the short version of how a recent…
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STCU eyes further expansion with merger
More expansion is in the works for Spokane Teachers Credit Union, which does business as STCU. Ezra Eckhardt, president and…
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Texas banker to retire as CEO of Heartland’s biggest bank
Barry Orr, who founded FirstBank & Trust of Texas in Lubbock a quarter-century ago, plans to retire as CEO at…
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M&T teams with fintech to help small businesses manage cash flow
M&T Bank in Buffalo, N.Y., is working with a Canadian fintech called Railz to solve what it’s found to be…
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HUD nominee pledges to promote affordable housing, work with Congress
WASHINGTON — President Biden’s nominee to lead the Department of Housing and Urban Development pledged to lawmakers Thursday that if…
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