Consumer banking
Consumer banking
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As the search and advertising giant prepares to close Google Compare, banks should take note of two major lessons: even a well-known brand name doesnt guarantee a smash hit. And two, online credit applications which can be advertised on such lead generator services need to be easier to fill out.
March 9 -
Having served as a holdover since her term expired last spring, Debbie Matz announced she will be departing the agency at the end of next month.
March 9 -
The Consumer Financial Protection Bureau is clamping down on student loan lenders and servicers that automatically default on loans when a co-signer declared bankruptcy or dies. Because private student loans are often sold and securitized, some companies' promises to eliminate so-called "auto defaults" are not being upheld.
March 9 -
Peoples Bancorp in Marietta, Ohio, has obtained a $15 million credit line and has paid off an earlier loan.
March 9 -
Southwest Bancorp in Stillwater, Okla., and LegacyTexas Financial Group in Plano have disclosed exposure to a commercial borrower that faces criminal and civil investigations.
March 9 -
Regulators want to know how banks are planning for the future, particularly in the face of competitive threats such as marketplace lending and added scrutiny over the use of third-party vendors.
March 9 -
New York Attorney General Eric T. Schneiderman alerted consumers on Wednesday about collection and financial scams circulating in the state. The scams often target seniors, students and first-generation Americans.
March 9 -
One of the defendants in the IWorks scheme that allegedly took more than $280 million from consumers via deceptive trial memberships for bogus government-grant and money-making schemes has agreed to settle Federal Trade Commission charges.
March 9 -
In focusing on private blockchains, banks make the same mistake companies made in the nineties when they favored private information networks over the open protocols of the Internet.
March 9 -
Investors have punished most energy lenders since oil prices began sliding more than a year ago. Despite a recent rally, stocks of publicly traded banks with at least 3.5% of loans tied to the energy sector have fallen by 18% since early 2015. The KBW Nasdaq bank index is down 13% over that time. Here is a look at the worst-performing energy lenders in the past year and one exception to the rule.
March 9 -
Penns Woods Bancorp in Williamsport, Pa., has promoted Michelle Karas to chief operating officer.
March 8 -
Their top executives sure don't. Income streams are constrained in every business line, the economic picture remains murky, and big banks are talking about cutting more expenses again.
March 8 -
Mountain Commerce Bancorp in Knoxville, Tenn., has added a former California community bank executive to its board.
March 8 -
Northwest Savings Bank's plan to shutter its branch in Pleasantville, Pa., has run into stiff opposition from the town's mayor.
March 8 -
Green Bancorp Chief Executive Geoff Greenwade, eager to tamp down speculation of a potential sale, stressed during a conference presentation that the Houston company plans to remain independent.
March 8 -
Changes to mortgage disclosures rules implemented in October continue to frustrate community bankers and is just another example of the struggle to stay independent.
March 8 -
The pace of bank mergers and acquisitions has slowed of late as bank stock values have plummeted, but expect it to pick up as 2016 wears on. Here's why.
March 8 -
Southwest Bancorp in Stillwater, Okla., and LegacyTexas Financial Group in Plano have disclosed exposure to a commercial borrower that faces criminal and civil investigations.
March 8 -
The CFPB revealed Tuesday that exams of banks and nonbanks resulted in the remediation of $14.3 million to roughly 228,000 consumers. Debt collection and credit reporting violations were frequently cited as troublesome.
March 8 -
BBCN Bancorp withstood numerous overtures from Hanmi Financial and a revolt by four of its own directors as it negotiated a deal to buy Wilshire Bancorp. A new filing discloses just how intense those pressures were.
March 8





