Consumer banking
Consumer banking
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Under the direction of Richard Holbrook, Eastern Bank has prepared itself for the next 200 years by embracing a culture innovation, adding scale through acquisitions and advocating for the less fortunate in its community. It's an unusual formula, but it has worked and that's why he is one of American Banker's three Community Bankers of the Year for 2015.
December 16 -
The banking industry had mixed opinions of the Fed's decision to boost rates. Most believe 25 basis points will do little to move the needle financially, but they are apprehensive about the impact more increases will have on deposits, lending and credit quality. Here is a sampling of what bankers have said in recent days.
December 16 -
The $933-million asset institution said in a press release Tuesday that the technology, provided by Louisville-based R.C. Giltner Services, will enable consumer and small-business customers to complete the loan application process in minutes.
December 16 -
Bank officials say they are ready for rising rates; disagree on how much the initial increase would help or hurt lending and the economy; and predict more rate increases next year.
December 16 -
The CFPB on Wednesday issued a bulletin warning the collection industry and lenders - as well as the entire financial services industry - about potentially illegal conduct during in-person collections.
December 16 -
HomeStreet in Seattle has bought a branch in Dayton, Wash., from Banner Corp. in Walla Walla, Wash.
December 16 -
Mortgage lenders have complained bitterly about the risk and uncertainty of having to buy back defective home loans from Fannie Mae. Now Fannie is planning to offer yet another carrot to lenders that have lobbied extensively for relief from loan repurchases.
December 16 -
TotalBank in Miami has returned Jorge Rossell to the position of chief executive, after Luis de la Aguilera departed to take the same position at U.S. Century Bank in Doral, Fla.
December 16 -
The Consumer Financial Protection Bureau charged the company with tactics that included illegal visits to consumers at their homes.
December 16 -
Opus Bank in Irvine, Calif., has created a formal division for lending to municipal governments and has promoted executive Debbie McLeod to lead the venture.
December 16 -
Developing banking solutions for lower-income consumers means getting to the heart of the financial volatility they face trying to make ends meet.
December 16 -
Fearless forecasts from BankThink's stable of industry veterans, experts and critics.
December 16 -
Global Payments and Heartland Payment Systems have a chance to create an international powerhouse focused on small to medium sized business, restaurant and education payments, if they can meld their technology post-acquisition and retain Heartland's management.
December 15 -
The agency released a plan Tuesday that would provide incentives for owners of manufactured housing communities to reform their practices if they want to tap financing by Fannie Mae and Freddie Mac.
December 15 -
The $467 million-asset mutual thrift appointed Patricia Stetler to the role this week.
December 15 -
The $5.6 billion-asset multibank holding company hired Fontaine to replace Ed Hooks, who has been its counsel since 1992 and who will retire at the end of the year.
December 15 -
Customers Bancorp in Wyomissing, Pa., has agreed to buy the disbursements business of Higher One Holdings in New Haven, Conn.
December 15 -
Fannie Mae is offering yet another carrot to lenders that have lobbied extensively for relief from loan repurchases.
December 15 -
An interbank loan market that was created for small and regional banks has begun operations, recording $15 million in transactions on its first day.
December 15 -
A startup backed by philanthropist Pierre Omidyar has emerged from stealth mode with technology that promises to provide consistent value and a degree of privacy to electronic money.
December 15






