Augustus has raised $180 million in new funding, pushing the financial technology company to a $1 billion valuation as it expands its effort to help banks and financial institutions around the world a...
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Fintech company Upstart Holdings said on July 23 that it received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish Upstart Bank, N.A. The charter wou...
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Gesa Credit Union based in Richland, Wash., said on July 21 it is acquiring the Willamette Valley Bank and its parent company, Oregon Bancorp, Inc. Under the agreement, Gesa would acquire sub...
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The U.S. House of Representatives on Tuesday passed the Main Street Capital Access Act, which adopts new banking regulations designed to help community banks. According to a bill summary, the legisla...
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The U.S. Department of Housing and Urban Development (HUD) suspended funding for the Virgin Islands Housing Finance Authority (VIHFA) following an investigation. The suspension was due to fin...
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U.S. Sens. Andy Kim (D-NJ) and Elizabeth Warren (D-MA) are seeking answers from the Consumer Financial Protection Bureau (CFPB) about recent updates to the CFPB Consumer Complaint Portal. The senat...
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The federal bank regulatory agencies issued a joint statement describing enhanced security procedures for reviewing sensitive information in the examinations of supervised banks. The statement disc...
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U.S. Rep. Nydia Velázquez (D-NY) introduced legislation this week that’s designed to create a clearer picture of risk and fraud in the Small Business Administration’s (SBA) flagship lending progr...
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Two of the world's largest proxy advisory firms have urged shareholders to support changes to the board of Workspace Group plc, handing activist investor Saba Capital Management LP a significant boost...
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Massachusetts-based Hometown Financial Group is acquiring Primary Bank, a publicly-traded commercial bank based in Bedford, N.H. The transaction, valued at about 160 million, will expand Hometown's...
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