Consumer banking
Consumer banking
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The increasingly troubled sector often draws comparisons to the subprime mortgage market of the 2000s. But the more apt analogue is the auto-lending sector of the 1990s.
March 16 -
The Federal Reserve recently announced that it had released five community banks from enforcement actions.
March 16 -
There is seemingly endless research on the attitudes of millennials toward banks, but the major takeaway from all of it is that banks can't expect millennials to want to bank only one way.
March 16 -
American Banker Research's Index of Banking Activity, which had the lowest reading in its nearly four-year history in January, revealed that issues in oil-producing states are contributing to decreases in commercial loan applications and approvals.
March 16 -
A lawsuit concerning how the court system in Biloxi, Miss. treats poor people who cant pay fine wont continue after the city, the American Civil Liberties Union and a private probation service agreed Tuesday to settle the case.
March 16 -
Signs of the subprime mortgage crisis were obvious long before the 2008 meltdown. Some recognized the danger but most dismissed the threats, arguing that a decline in home values would never happen. Other signs of distress went unnoticed or unappreciated.
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Many people - across all age groups - lack retirement savings.
March 16 -
Research shows the more consumers interact with branch staff, the more they dislike the brand. To improve their image, banks need to emulate Apple and focus on every customer experience detail in tech and in person.
March 16 -
The Russian cabinet has reportedly approved a bill that would impose restrictions on collection agencies, including banning "psychological pressure" and the disclosure of debtors' personal information to a third party.
March 16 -
Loans outpacing GDP and the expressed optimism of CEOs on recent earnings calls are among the signs that growth figures are too good to be true.
March 16 -
Unity Bancorp in Clinton, N.J., has bought its corporate headquarters building for $4.12 million.
March 16 -
Santander Consumer USA Holdings said that it is changing certain accounting practices after the Securities and Exchange Commission raised questions about the firms methodology.
March 16 -
The Consumer Financial Protection Bureau on Tuesday asked a federal court to shut down a California company accused of running a student debt relief scam that allegedly charged borrowers millions in illegal fees.
March 15 -
The San Rafael, Calif., company has stayed at roughly the same asset size for six years now, even though it has the capacity and desire to become much larger. The reasons speak to the competitiveness among lenders and the fickle nature of bank M&A.
March 15 -
The CFPB wants a federal district court to enter a final judgment to shut down a student debt relief scheme that allegedly charged borrowers millions of dollars in illegal upfront fees for federal student loan services.
March 15 -
First Resource Bank in Exton, Pa., has redeemed its remaining preferred shares tied to the Small Business Lending Fund.
March 15 -
About a fifth of regional banks look at their efficiency ratios as they set executive compensation. Ongoing revenue challenges and investor pressure could push more boards to consider efficiency or simple cost-cutting to determine pay for high-level officers.
March 15 -
Tidelands Bancshares in Mount Pleasant, S.C., has been declared in default on $18.3 million of trust-preferred securities.
March 15 -
Ginnie Mae needs more, and better-paid, staff to keep up with growing risks on nonbank seller/servicers, the watchdog agency head said.
March 15 -
The Education Department could ban colleges from including mandatory arbitration clauses in student enrollment agreements. The proposal is part of ongoing rule-making talks focused on creating a new debt relief process for defrauded student loan borrowers.
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