Banking

Banking
PayPal-Backed Raisin Savings App Launches U.K. Website
February 22, 2018

PayPal-backed Raisin has launched a dedicated U.K. site for its savings deposit marketplace. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Banking
Regulators In No Rush To Change Rules For FinTechs
February 20, 2018

It doesn’t look like global banking regulators will be rushing to change their rules for FinTechs anytime soon. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Banking
BofA Community Development Banking Has Record 2017
February 16, 2018

Bank of America Merrill Lynch’s Community Development Banking (CDB) announced news on Thursday (Feb. 15) that 2017 was a record year for the firm. The CDB provided $4.53 billion in loans, tax credit equity investments and other real estate development solutions. Get the Full Story...

Banking
Stash Raises $37.5M To Launch New Banking Service
February 13, 2018

Micro-investing app Stash announced it has raised an additional $37.5 million in Series D funding to help it achieve its goal of launching a new banking service in 2018. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
Banks Shutter Branches At Their Fastest Rate In Decades
February 06, 2018

It has been a banner run for closing bank branches, according to reports in The Wall Street Journal, as the mass exodus of consumers to various digital channels has pushed the closure of 1,700 branches in the 12 months ending in June 2017. That is the largest...

Banking
LendingClub: Getting Borrowers Off The Credit Hamster Wheel
February 05, 2018

Another day, another customer trudging into the bank to discuss credit card debt and a lack of savings … over a venti Starbucks latté. It was an a-ha moment for financial guru David Bach, who started cranking out financial management guidebooks for the average consumer....

Banking
Subprime Auto Lenders Straining Under Bad Debts
February 01, 2018

The U.S. subprime auto-lending market continues to show signs of weakness, leading to increased worries among economists that despite the positive-appearing figures being tossed off by the U.S. economy, blue collar America continues to struggle to pay its bills on time. Get the Full Story...

Banking
JPMorgan Customers Did Not Take Online Banking Outages Lightly
January 26, 2018

JPMorgan Chase is facing backlash from customers after the company confirmed on Twitter that its website and mobile app were down. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
SoFi Names Twitter’s Noto As New CEO
January 24, 2018

SoFi, the online lender that was embroiled in a company scandal last fall, announced Wednesday (Jan. 23) that Twitter executive Anthony Noto has been appointed as its next chief executive officer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...