Category: bank

Current, a U.S. challenger bank that aims to serve Americans overlooked by traditional banks, this week raised $131 million in Series C funding. Tiger Global Management led the round and was joined by Sapphire Ventures and Avenir — all three…

Small banks that have ballooned in size during the coronavirus pandemic breathed a sigh of relief last week when federal regulators gave them a reprieve from tougher supervisory rules that kick in at certain asset thresholds. But a grateful industry…

New single-family home sales rose to a seasonally adjusted annual rate of 999,000 in October, according to the U.S. Census Bureau and the Department of Housing and Urban Development. The October level is 0.3% below the revised September rate of…

No organization, including credit unions, is immune to a crisis. And the likeliness of experiencing one is increasing. Data breaches and cyberattacks are on the rise. Last year alone saw the highest number of data breaches ever, increasing by 33%…

When it comes to whether emerging technologies like artificial intelligence (AI) and blockchain are practical for equipment finance, it depends on the application. That was the key takeaway from the recent ELFA 2020 Business Live! virtual convention panel discussion I had the…

Consumer Sentiment declined in November to 76.9, according to the University of Michigan Consumer Sentiment Index. November’s figure is 21.7 points below the November 2019 index. The Current Economic Conditions Index rose 1.3 points to 87.0 but the reading is…

Deal Summary: Kasasa Cash, 4.25% APY on qualifying balances up to $7.5k. Kasasa Saver, 0.75% APY on qualifying balances up to $50k. Availability: Easy membership requirement for residents of Louisiana, Arkansas, Mississippi, and Texas; residents of three Louisiana parishes; employees/retirees…

The coronavirus pandemic has revealed a distressing fact in the housing world: Federal home-loan policies that promote “responsible, affordable mortgage credit access” for minorities are instead setting them up for an increased risk of failure. Sadly, structural barriers for people…

For the last 20 years, the most predictable thing about the payments industry was that it was unpredictable. Disruption has been going on for so long that it’s now hard to remember what so-called “normal” times were like—and the changes…