Consumer banking
Consumer banking
-
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.
July 29 -
An enforcement action related to anti-money-laundering compliance once again forced The Bancorp in Wilmington, Del., to report a quarterly loss.
July 28 -
The Consumer Financial Protection Bureau's debt collection plan is likely to put pressure on banks and first-party creditors to provide better documentation on consumer debts that get transferred to debt buyers and collectors. While the proposal does not cover banks and first-party creditors, some experts said banks will be on the hook for providing better information.
July 28 -
Green Bancorp in Houston has resolved $37 million in energy loans since deciding to get out of that business.
July 28 -
Middleburg Financial in Virginia, which recently faced criticism from its biggest investor, has a new chairman.
July 28 -
BB&T Corp., North Carolina's second-largest lender, is cutting jobs in its securities unit while scaling back institutional equity sales and trading activity.
July 28 -
The popular German digital startup Fidor Bank has agreed to be acquired by Groupe BPCE, the second-largest French bank.
July 28 -
Iberiabank in Lafayette, La., neutralized the energy issues common to Gulf region lenders these days with a one-two punch of stronger fee income and robust, more profitable lending.
July 28 -
Multiple acquisitions weighed down quarterly profit at TowneBank in Suffolk, Va.
July 28 -
Banks need to improve their use of technology designed for small-business customers soon, or risk losing them.
July 28 -
The week Hillary Clinton made history for women by winning her party's presidential nomination, and newspapers everywhere featured her husband Bill in their front-page photos. (Go figure.) Fed governor Lael Brainard is being touted as a possible Clinton cabinet member. Sallie Krawcheck and Jenny Knott talk Wall Street then and now, and so does Barbara Byrne, whose stories you may find mirrored in the upcoming movie "Equity." U.S. Bancorp has family therapists for the ultra-rich. Plus, Claire Calmejane, Mary Callahan Erdoes and Beth Mooney.
July 28 -
The $1.8 billion-asset Sunflower expects to combine with the $2.2 billion-asset Strategic Growth to create a company with $3 billion in loans and 60 branches in Colorado, Kansas, Missouri, New Mexico and Texas.
July 28 -
A less discussed but arguably more important application of the blockchain is to help serve the unbanked masses, including refugees.
July 28 -
There may be bumps along the way, but PayPal, Mastercard and Visa all share the same goal, according to Mastercard CEO Ajay Banga.
July 28 -
Wells Fargo is facing a U.S. investigation into whether it improperly repossessed cars owned by members of the military, according to two people with knowledge of the probe.
July 28 -
Banks can borrow some of the best practices from mobile-first fintech firms in order to compete with startups for millennials.
July 28 -
Quarterly profit at CIT Group plunged after the in Livingston, N.J., company recorded $167 million in charges tied to its discontinued reverse-mortgage servicing unit.
July 28 -
Middlefield Banc Corp. in Ohio has agreed to buy Liberty Bank in Beachwood, Ohio.
July 28 -
The former C1 Financial chief, expected to play a critical role at Bank of the Ozarks, resigned just a week after his company's sale. Thanks to a lengthy noncompete, it could take years to determine his next move.
July 28 -
The Consumer Financial Protection Bureau released a plan Thursday to overhaul the debt collection industry that would limit collection attempts to six per week and require confirmation of a debt before contacting consumers. The plan, however, is not yet directed at banks and credit card companies.
July 28




