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As the Latino population in the U.S. expands, so does the business case for banks and credit unions that want to tailor services for this audience.

The Department of Justice is recommending a sentence of 12 months behind bars for Carrie Tolstedt, a former Wells executive who has pleaded guilty to obstructing a bank examination. That's harsher than the recommendation of the U.S. Probation Office.

Four out of five prospective house shoppers take into consideration how climate risks such as floods, wildfires and extreme temperatures can impact a property, per a Zillow report.

After remaining above $2 trillion for a year, the Federal Reserve's overnight reverse repurchase facility has seen steadily less use in recent months. The development is welcomed by banks, but could be a sign that certain financial players are shifting funds to riskier activities.

The top three cities have an average payback period of just over 21 months on a 20% down payment.

The bottom three cities have an average payback period on a 20% down payment of more than 78 months.

Real-world use of the shared, immutable databases has become increasingly centered on piecemeal implementation in industry processes, which can be executed without waiting for broader technology reforms.

The ledger technology can make artificial intelligence systems more transparent, some industry stakeholders say.

Gen Z homebuyers make up a 21.26% share of purchase requests in the top five metropolitan areas.

The bottom five metropolitan areas have an average share of mortgage purchase requests from Gen Z homebuyers of 9.29%.

Forget special offers, ubiquitous branches and promises of convenience. Younger clients want to see state-of-the-art technology and hear good things from friends and family, according to a recent Arizent survey.

The Alabama-based regional bank didn't effectively track whether some loans complied with flood insurance regulations, according to the Fed. Regions said that it had fixed the issue by 2017.

Figure, Oportun and Brex are among the fintechs that have dropped their applications for a banking charter.

The job cuts come amid caution about the industry's growth potential in the second half of the year. Some 45,000 positions have been lost in banking and related industries over the last two-plus years.

Ransomware attacks are an increasingly significant threat to the home finance industry.

The bank developed its cloud-based Ally.ai platform within months. Now it has rolled out its first use case: summarizing customer service calls so the agent doesn't have to multitask.

A 2018 report laid the groundwork for the Biden administration's push to root out discrimination in home valuation. A counter study says no such practices exist.

Offices impacted are located in Chicago, Cincinnati and Kansas City, a company representative said Wednesday.

Removing such debt information from consumer reports generated an uptick in home loan inquiries in one study and other industries have found advanced score use pays off.

The credit-reporting agency was fined $650,000 for sending customers marketing emails without an option to unsubscribe. Financial institutions are subject to the same law, called the CAN-SPAM Act.