The cybersecurity company promised more rigorous tests for software updates after a widespread IT outage last month.

Michigan-based University Bancorp is paying $30 million for a 50.5% stake in a business Voxtur acquired for $101 million in 2022.

Investing in data governance, compliance and staffing appropriately can help manage the risks of offering banking as a service, experts say.

While the company is still analyzing the error that caused many Windows systems to crash, it said a logic error in a channel file was the cause. Here's what that means.

The final rule governing the use of automated valuation models for home assessments is substantially similar to the initial proposal made last June.

A Rocket Mortgage securitization is the first private investor deal with a high share of e-notes, and the company is considering use with another loan product type.

The CEO of the Hauppauge, New York credit union is one of American Banker's 2024 Innovators of the Year.

The partnership between personal finance platform Esusu and the National Rental Home Council has several of the trade group's members delivering payment data. They say that has helped result in over 85,000 originations across lending segments.

The proposed class action suit claims the fintech lender purposefully pushed customers applying for HELOC loans into higher rates, or misrepresented rates at the beginning.

Other financial regulators have been examining AI in underwriting because potential biases or otherwise faulty criteria could lead to bad outcomes, while agencies including the Federal Trade Commission are looking into non-financial companies.