Consumer banking
Consumer banking
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Even as JPMorgan Chase tries to beat fintech firms at their own game it's still looking to these upstarts for inspiration, its CEO says.
April 7 -
LAS VEGAS Office of the Comptroller of the Currency chief Thomas Curry said Thursday that banks have reached a do-or-die moment and it is up to them to keep up and outinnovate nonbank rivals.
April 7 -
The housing market has been improving but mortgage credit remains "stubbornly" tight on loans bought by the government-sponsored enterprises, according to a chief housing adviser at the White House.
April 7 -
BofI Holding is looking to make more acquisitions and its leader says he doesnt think accusations from a former employee are unlikely to hold up a deal, even though theyve dragged down the stock price.
April 7 -
Banc of California in Irvine has agreed to sell its wholly owned investment adviser subsidiary, The Palisades Group.
April 7 -
A proposed class-action lawsuit accusing collection agency LVNV Funding and law firm Eltman Eltman & Cooper of abusive collection practices can proceed, a federal judge has ruled.
April 7 -
Rising home values continue to provide consumers with a strong incentive to keep up with their home-equity loan payments.
April 7 -
The Alabama Senate has voted in favor of legislation that would extend payday loan repayment periods to six months.
April 7 -
The ringleader of an identity theft scam that stole more than $457,000 from bank customers in New York will serve between 10 and 20 years in prison following his conviction on 15 counts - including grand larceny charges.
April 7 -
Regulators and lawmakers must exercise healthy caution before granting fintech firms preemptive powers via national bank charters or otherwise.
April 7 -
JPMorgan Chase & Co. shareholders are proposing the firm consider requiring an independent chairman, and they asked the bank to review whether divesting non-core businesses would improve returns.
April 7 -
BlueVine, an online business lender based in Palo Alto, Calif., is branching into unsecured lending.
April 7 -
According to the American Bankers Association's quarterly report on consumer delinquency trends, late payments on home-equity loans and home-equity lines of credit have dipped below 15-year averages for the first time since the Great Recession.
April 7 -
The month of March produced a broad-based seasonal boost that propelled the Index of Banking Activity to its highest level since June, 2015. The IBA's 59.1 reading in March was buoyed by strong improvements in metrics that track loan applications and approvals and for the first time in many months a noticeable rise in the component that monitors banks' staffing levels. In all, 12 of the 16 components of the IBA improved on levels reported in the February survey, with most of the remainder steady to slightly lower. (Commercial loan rejections were the one exception: the decline in this component was driven mainly by an increase in rejections in the Midwest, where application growth was strongest.) In addition, only one component score a 49.3 reading in the deposit-pricing indicator failed to surpass the 50-point level indicative of expansionary activity in the industry. Improvements in overall business activity were evident across all geographic regions. Respondents in the Midwest reported the most dramatic gains in lending-related activities, while bankers in the South region were the most bullish on the question of hiring. In addition, survey participants in both the Midwest and South regions reported significant improvements in their markets' respective real estate and local business conditions.
April 7 -
Banks have long struggled with how to better serve the underbanked and unbanked. Here's a roundup of some strategies that are working and some fresh ideas that are in the offing.
April 6 -
Lending Club, Prosper Marketplace and Funding Circle are locking arms to create a new trade group that will represent the marketplace lending industry in Washington.
April 6 -
First Interstate BancSystem in Billings, Mont., announced its third deal in two years as it inched closer to $10 billion of assets.
April 6 -
The majority of first-time homebuyers plan to skip the starter-home step and move straight into the home that would meet their long-term needs, according to the Homebuyer Insights Report from Bank of America.
April 6 -
As the pressure builds for mortgage lenders to offer digital specifically mobile tools, innovators in the space are encouraging the industry to keep the customer as the focus in designing new offerings.
April 6 -
The FTC has closed the book on a fraudulent debt collection scheme that processed payments for payday loan debts they didnt owe.
April 6



