Monroe Bank and Trust, a $1 billion-asset bank in Monroe, Mich., has
Mr. LaBeau, 54, has been executive vice president and chief lending
He will succeed Merel F. Keck, 70, who will retire, as will vice
The industry should save on interest expenses this year as it follows the Fed's lead in cutting rates. The downside is that the lower deposit rates signal fewer opportunities to make loans.
The Consumer Financial Protection Bureau finalized a rule that will remove medical bills from credit reports to end what the bureau called "coercive debt collection practices."
The payment company says machine learning is making progress in fighting card testing, which crooks use to determine how ripe a payment account is for theft.
As banks navigate a landscape scarred by the Synapse bankruptcy, they need to build or buy the technical ability to reconcile accounts daily and vet any new fintech partners more thoroughly.
The manufactured home loan lender, a unit of Berkshire Hathaway subsidiary Clayton Homes, was accused of ignoring red flags that sent many borrowers into bankruptcy, default and ultimately out of their homes.
Florida-based Amerant Bancorp recently restructured its securities portfolio after selling its Houston branches.
