Consumer banking
Consumer banking
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Carver Bancorp in New York, like many community banks, seems to be back on track after surviving the financial crisis. But the company, and CEO Michael Pugh, have an new objective - figuring out how to stay relevant with younger customers.
December 18 -
Atlantic Capital Bancshares in Atlanta has agreed to sell seven branches in Tennessee in two separate deals.
December 18 -
Perhaps even more interesting than the blockchain project unveiled this week is how it came to be and who is behind it.
December 18 -
De novo activity has remained at a trickle and the reason is investing in a new bank just isn't attractive as it used to be.
December 18 -
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.
December 18 -
A car dealer and its financing arm will pay a $6.4 million fine to the Consumer Financial Protection Bureau for allegedly providing inaccurate information to credit reporting firms.
December 18 -
The $350 million-asset Pacific Commerce said in a press release Thursday that it will pay $10.50 a share in cash and stock for the $211 million-asset ProAmerica.
December 17 -
The $3.4 billion-asset holding company for Five Star Bank received a letter on Wednesday from Clover Partners' managing director, Johnny Guerry, saying management has made the wrong decision on two recent deals. Clover owns about 5.2% of Financial Institutions.
December 17 -
TriState Capital Holdings in Pittsburgh has agreed to buy asset management firm Killen Group in Berwyn, Pa., for between $30 million to $35 million in cash, based on conditions tied to the asset manager's cash flow.
December 17 -
FIS in Jacksonville, Fla., has partnered with the Venture Center to create an incubation lab to boost innovation in financial technology.
December 17 -
The legal status of marijuana is likely to shift dramatically next year, with around ten states considering some form of decriminalization. But banks will likely have a longer wait until the rules around serving marijuana businesses are cleared up.
December 17 -
Moven will soon prompt its customers for usernames and passwords only for riskier transactions. By removing the login for most functions, the company aims to drive engagement in an app meant to be used on the go.
December 17 -
Ramamurthi has transformed a 123-year-old institution with one branch serving a dusty Kansas town into a seedbed for disruptive financial technology not to mention a wildly profitable generator of fee income.
December 17 -
KeyCorp will keep and expand First Niagara Financial Group's Buffalo, N.Y.-based mortgage operations to spur along its return to being a player in residential lending.
December 17 -
The success of a new blockchain-technology initiative will hinge on the ability of many influential players to work together: IBM, Digital Asset Holdings, R3, other tech companies, banks, Swift, the London Stock Exchange and the Linux Foundation.
December 17 -
The Consumer Financial Protection Bureau has ordered payday and pawn lender EZCorp Inc. to pay $10.5 million for alleged illegal debt collection tactics.
December 17 -
The Consumer Financial Protection Bureau announced Thursday that it had fined one of the largest dealer-finance companies, CarHop, $6.5 million for inaccurately reporting consumer credit data.
December 17 -
LifeLock Inc. agreed Thursday to pay $100 million to settle FTC charges that it failed to properly protect its customers data and misrepresented the strength of its security. It's the largest order enforcement case to date to come out of the FTC.
December 17 -
The Consumer Financial Protection Bureau's payday loan proposal threatens many money services businesses on the front lines of stopping money-laundering and terrorist financing.
December 17 -
Litigation citing violations of the Fair Debt Collection Practices Act, Telephone Consumer Protection Act and Fair Credit Reporting Act dropped in November compared to October but remain significantly higher year-to-date.
December 17




