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Texas federal court grants credit union motion for leave to intervene in lawsuit challenging CFPB final small business lending rule; new lawsuit challenging rule filed in Kentucky federal court

CFPB Monitor

A Texas credit union and two credit union trade associations have been granted leave to intervene in the lawsuit challenging the CFPB’s final small business lending rule (Rule) that is pending in a Texas federal district court. Continue Reading

Texas 78
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Smaller regionals brush off commercial real estate worries

American Banker

Cullen/Frost in Texas, BankUnited in Florida and Bank OZK in Arkansas are among the banks that have, at least for now, allayed investors' fears about their exposure to the CRE sector.

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Regions to buy equipment finance firm Ascentium

American Banker

The acquisition of the Texas-based lender will help Regions expand its offerings to small businesses while adding about $2 billion of loans to the bank's balance sheet.

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Huntington unveils new expansion push into Texas

American Banker

The Columbus, Ohio, regional bank will focus first on Dallas before venturing statewide. Its move into the Lone Star State comes three months after announcing a similar initiative in the Carolinas.

Texas 36
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Wells Fargo To Overhaul Auto Lending Unit

PYMNTS

the embattled bank, is reportedly overhauling its auto lending unit in an effort to control risk. According to a news report in Reuters , citing an internal memo, with the restructuring, Wells Fargo will phase out 57 regional offices in the U.S. and get rid of the regional manager positions in the impacted offices.

Lending 100
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PNC Eyes Buying US Unit Of Spain's BBVA, Report Says

PYMNTS

including branches around the Sunbelt with a large presence in Texas. Big bank mergers have been scarce in the past decade since the financial crisis of the late 2000s, but despite that rarity, regional lenders have felt the crunch from bigger rivals like J.P. PNC's strongest presences are in the mid-Atlantic, Midwest and Southeast.

Report 247
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A Rising Texas Star

Independent Banker

After a career of nearly three decades as a banker serving various community and regional institutions in the Dallas-Fort Worth area, C. Veritex is a combination of the words “veritas,” which means truth in Latin, and “Texas.” The bank uses the slogan “Truth in Texas Banking.”). Kerry Curry is a financial writer in Texas.

Texas 70