Idaho Business Review IBR

It’s still a nascent technology, but Idaho financial institutions are looking into video banking. Video banking falls into three categories: interactive teller machines (ITMs) that include video in the ATM, video in the branch office, and online video via smartphone ...

Tagged with: banking east idaho credit union Idaho Central Credit Union malheur credit union Pioneer Federal Credit Union video banking Wells Fargo

A budget approved by the U.S. House of Representatives that rescinds $142 million from the Community Development Financial Institutions (CDFI) as part of a deficit reduction package could make it harder for new Idaho homeowners to buy houses. NeighborWorks Boise ...

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It was a really good earnings quarter for banks nationwide, and Idaho’s publicly owned banks were no exception. It was, in fact, the highest quarter for quarterly net income ever, according to a representative who asked not to be named ...

Tagged with: banking Banner Bank columbia bank fdic first interstate jpmorgan chase

The House of Representatives on May 22 passed S.2155, a bill intended to roll back some of the regulations of the Dodd-Frank law for smaller banks, by a bipartisan vote of 258 to 159. The bill was sponsored by Idaho ...

Tagged with: banking lynn heider mike crapo s.2155 trent wright troy stang

Banks in Idaho and nationally are closing some branches but opening new ones as they adjust to changing consumer preferences. Nationally, a number of banks, such as KeyBank and Wells Fargo, are closing branches, typically to save money, sometimes after ...

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A new study found that nearly all small banks are spending more on compliance due to legislation, forcing institutions to reconsider offering certain products such as mortgages and overdraft protection. The study by the Mercatus Center at George Mason University ...

FICO is releasing a new version of its credit score this summer. While the company behind the credit rating isn’t revealing details of the changes yet, the updated rating will likely become a part of Idaho lenders’ decision making when ...

A new face in Idaho banking is leaving downtown Boise. Sunwest Bank notified its customers on March 10 that it will close its branch and offices at One Capital Center at 10th and Main streets. Bank CEO and President Chris ...

Boise U.S. Employees Federal Credit Union members on March 5 overwhelmingly approved a plan to merge with Icon Credit Credit Union, also based in Boise. The proposed merger would go into effect June 1, with Boise U.S. adopting Icon’s name. ...

Leading financial regulators from nine states recently formed a task force to look into Bitcoin and other emerging payment systems. While Idaho Department of Finance Director Gavin Gee isn’t on that task force, organized by the Conference of State Bank ...