Consumer banking
Consumer banking
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After several years of tussling with mortgage rules and their implementation, the Consumer Financial Protection Bureau is focusing on several areas that will primarily affect the nonbank market, including debt collection, payday-type loans and prepaid cards.
January 6 -
Several small banks are beginning to offer employer-based loans, a payday loan alternative for under-banked consumers.
January 6 -
Bank of the Ozarks' willingness to buy C1 Financial in Florida depended, in part, on CEO Trevor Burgess staying with the company, regulatory filings show. Bank of the Ozarks also insisted that C1 sell $43 million in Brazilian loans before agreeing to a $403 million merger.
January 6 -
MainSource Financial Group in Greensburg, Ind., has named Karen Woods as chief risk officer and corporate counsel.
January 6 -
The Seattle-based tech giant, in its latest foray into the financial services business, has begun offering installment loans to British consumers.
January 6 -
Most U.S. states have established student loan forgiveness programs that are often offered to public service employees to help borrowers who have federal aid or dont qualify for Department of Education programs.
January 6 -
Banks finally appear ready to turn the corner on how they view overdrafts and the change of direction could help not only the industry's public image, but also the bottom line.
January 6 -
The Federal Trade Commission is publishing procedures for the administrative collection of debts, including those arising under judgments and orders of the FTC.
January 6 -
Enterprise Financial Services in Clayton, Mo., has announced the retirement of its bank's executive chairman and chief credit officer.
January 6 -
Diebold CEO Andy Mattes shares his vision for how ATMs will evolve over the next 10 years.
January 6 -
A federal judge has rebuffed a legal challenge by a credit union in Colorado that was set up to serve the marijuana industry but then denied access to the U.S. payment system.
January 6 -
Two payday lenders have settled Federal Trade Commission charges that they illegally charged consumers across the country undisclosed and inflated fees.
January 6 -
Northway Bank in Berlin, N.H., has exited the Small Business Lending Fund.
January 6 -
Carolina Financial in Charleston, S.C., has agreed to buy Congaree Bancshares in Cayce, S.C.
January 6 -
Subpar mentoring programs for recruits new to the banking industry could be the reason institutions are finding it hard to keep new talent.
January 6 -
BancorpSouth in Tupelo, Miss., has agreed to settle a lawsuit tied to how it determines overdraft fees on debit card and ATM transactions.
January 6 -
OceanFirst Financial in Toms River, N.J., has agreed to buy Cape Bancorp in Cape May Court House, N.J.
January 6 -
Consumer credit is better than ever before, even as Americans households have started levering up. But the big question for banks looking to re-commit to consumer lending is how.
January 5 -
Banking industry officials hailed changes Tuesday to a Financial Accounting Standards Board rule that they have long complained unfairly distorts banks' quarterly earnings.
January 5 -
Ally Financial in Detroit has received a demand from an activist investor to explore strategic alternatives, including a possible sale of the company. The activist is also seeking two board seats.
January 5




