Consumer banking
Consumer banking
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Professional race car driver Scott Tucker has pleaded not guilty in New York to charges in a payday lending scam.
February 25 -
Though bank analysts like Matthew Schultheis generally expect M&A activity to continue at a brisk pace for several years to come, stock market volatility could prove to be an issue for potential dealmakers in the near term.
February 25 -
County Bank, the holding company for the $324 million-asset Lapeer County Bank & Trust, said in a press release that it will pay $20 million, or $27 a share, in stock for the parent of the $245 million-asset CSB Bank.
February 25 -
Debt held by consumers in the U.S. as they age is rising, according to an analysis by the Federal Reserve Bank of New York.
February 25 -
Community banks can't win on size, but their values give them an upper hand in competing against cookie-cutter megabank branches.
February 25 -
Though bank analysts like Matthew Schultheis generally expect M&A activity to continue at a brisk pace for several years to come, stock market volatility could prove to be an issue for potential dealmakers in the near term. With a lower stock price, buyers may end up not being able to pay as much as sellers now expect, says Schultheis, who covers the financial services sector for Boenning & Scattergood. Heres his outlook on bank M&A, including the number of deals he anticipates will happen this year and whether big banks might be among the buyers.
February 25 -
Kopernik Bank and Liberty Bank of Maryland, both mutual thrifts in Baltimore, have agreed to merge. No money would change hands given the mutual-ownership structures involved in the deal.
February 24 -
Moven, one of the most talked-about startups of the fintech boom, is looking to spread financial education to the self-employed.
February 24 -
Green Dot reported a larger fourth-quarter loss on higher employee compensation costs and said it will book an extra $11 million in expenses to roll out a new card product.
February 24 -
A day after Consumer Financial Protection Bureau Director Richard Cordray told financial industry executives that Congress did not intend to exempt small institutions from most rules, several lawmakers begged to differ.
February 24 -
The private-banking prowess of newly acquired City National was the steadying influence Royal Bank of Canada needed amid global and domestic economic shocks in its latest quarter.
February 24 -
Carolina Alliance Bank in Spartanburg, S.C., has exited the Small Business Lending Fund program.
February 24 -
Commercial bank clients are increasingly looking to replace physical corporate cards with virtual ones to streamline bookkeeping and limit risk. The adoption of such solutions is a good sign for mobile payments overall.
February 24 -
The precedent set in the ongoing battle between Apple and the FBI over custom access to a device in question opens up unsettling risks on privacy and security.
February 24 -
Sandhills State Bank in Bassett, Neb., has agreed to buy Bank of Keystone in Keystone, Neb.
February 24 -
Dublin, Ala., an unincorporated borough in Montgomery County, is reviewing whether to hire a collection agency to pursue nearly $100,000 in overdue water, sewer and trash accounts.
February 24 -
The Federal Trade Commission has charged a debt relief operation with falsely representing to financially distressed homeowners and student loan borrowers that it would help get their mortgages and student loans modified.
February 24 -
The online brokerage Robinhood Financial has eliminated its three-day waiting period for the use of funds deposited into an account.
February 24 -
The top leaders of the National Credit Union Administration said this week that they support an alternative option that would allow credit unions to merge some operations a prospect that is alarming banking industry representatives.
February 24 -
Chase Pay is tied to the issuer's 94 million credit, debit and prepaid card accounts, representing half of U.S. households. Depending on the perspective, this means Chase's wallet either starts with or excludes half of the market.
February 24





