Consumer banking
Consumer banking
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Webster Financial in Waterbury, Conn., reported a higher third-quarter profit on growth in deposit and loan fees related to its acquisition of health savings accounts.
October 16 -
Sound growth plans, not quirks of geography, define this years class of community bank all-stars.
October 16 -
EMV card technology has fully replaced traditional magnetic stripe cards in virtually all developed countries except the U.S. In these markets, it's proven to be an effective technology to reduce fraud for card-present transactions, forcing fraudsters to migrate to areas that have not adopted a chip-based payment system.
October 16 -
SunTrust Banks in Atlanta reported a lower third-quarter profit, citing negative effects from the low interest rate environment.
October 16 -
The Bankruptcy Abuse and Consumer Protection Act became law 10 years ago this week. The law was the culmination of a bipartisan push in Congress to change a system that seemed to encourage bankruptcy filings during a time of prosperity. It is reasonable to ask, a decade later, whether reform worked.
October 16 -
The changes made 10 years ago reduced abusive bankruptcies and made our nation's economy more resilient. If Congress had gone further by regulating attorney fees and increasing penalties for fraud, the economy would be that much stronger.
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The reform has returned bankruptcy to its intended function as a last resort for consumers, rather than a way for the wealthy to game the system at everyone else's expense.
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PacWest Bancorp in Los Angeles reported a higher third-quarter profit, citing new lending and lower expenses.
October 15 -
The Consumer Financial Protection Bureau backed off some of its initial plans in its final rule requiring lenders to collect more data from mortgage borrowers, but industry representatives warned the agency had not gone far enough.
October 15 -
NCAL Bancorp in Irvine, Calif., has agreed to buy Commercial Bank of California in Los Angeles.
October 15 -
Regional banks did a much better job of expanding revenue than their megabank counterparts in the third quarter, but they had to spend more to do so and risk angering investors in a tight-margin environment.
October 15 -
The bureau's proposed standards would drive lenders out of short-term, small-dollar lending, just as the OCC's 2013 rules did. This time, however, there will be few, if any, regulated institutions left to fill the void.
October 15 -
WASHINGTON The Consumer Financial Protection Bureau finalized a rule Thursday that requires lenders to collect more information from borrowers as part of mortgage disclosures.
October 15 -
The CFPB on Thursday finalized a rule to improve information reported about the residential mortgage market, including updates that will reveal more about consumers access to mortgage credit.
October 15 -
Wealthy women dont necessarily think they do well managing their own money, according to a new study by Regions Financial.
October 15 -
Executives in the mortgage industry must "take a page from the real estate community" and be more active in Washington and their state capitals, said outgoing Mortgage Bankers Association Chairman Bill Cosgrove.
October 15 - Missouri
Profits fell at Commerce Bancshares in Kansas City, Mo., in the third quarter, as expenses rose and income from fees and certain securities holdings declined.
October 15 -
Craig Dahl has played a key role transforming the Minnesota company from a local lender driven by fees to one with national lending platforms. He discusses those moves, and the future of banking, in a wide-ranging interview.
October 15 -
The Senate Banking Committees top Democrat wants Experian to disclose more information about a data breach resulting in the theft of personal details on millions of T-Mobile customers.
October 15 -
SunTrust Banks in Atlanta has promoted an executive to oversee its consumer banking and wealth management operations
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