Banking and Lending

LendingClub Stock Price Plunges

Shares of LendingClub continued to perform poorly yesterday, falling more than 22 percent and reaching $3.29 at one point, an all time low for the online lender, according to Reuters.

Glastonbury Payments Company Raises $6M In Funding

Payrailz, a Glastonbury-based digital payments company offering advanced bill payment and money transfer solutions to banks and credit unions, has raked in $6.1 million from a group of investors including Webster Bank, the company announced earlier this week.

Thriving In A Tough Environment

Thriving In A Tough Environment

The state of Connecticut has seen its fair share of troubles over the past year, and the banking industry has not been immune, dealing with slow economic growth that has made companies and residents flee the state for opportunities elsewhere.

United Bank CEO Additionally Named President

United Bank CEO Additionally Named President

William H.W. Crawford, IV, CEO of United Financial Bancorp, the parent company of United Bank, is now also president of the company, according to a regulatory filing last week.

CFPB To Sue Santander Bank Over Auto Loans

The Consumer Financial Protection Bureau is preparing to sue Santander Bank, alleging that the Spanish bank overcharged borrowers on auto loans, two sources familiar with the plans said on Friday.

Coldwell Banker Teams Up With Mortgage Firm

Coldwell Banker Residential Brokerage in Connecticut announced that it has partnered with Guaranteed Rate Affinity LLC to include an additional mortgage service offering for its affiliated sales agents and their customers.

CUs Worried About Another Equifax-Type Hack

Months after the world learned that the data of potentially 150 million Americans had been compromised, the fallout from the Equifax data breach is still reverberating throughout the financial services industry.

SI Financial Group Announces Management Changes

Gerald D. Coia, senior vice president and chief credit officer of Savings Institute Bank & Trust Co., will retire at the end of the year. He will be succeeded by Paul R. Little, currently senior vice president and chief lending officer. Kenneth Martin, currently vice president and Rhode Island market executive, has been named chief lending officer.

Study: Very Few FIs Under $10B Prepared For CECL

Only 11 percent of CFOs at financial institutions under $10 billion in assets believe they are prepared for the transition to the new current expected credit loss accounting standard, according to a recent study.