Consumer banking
Consumer banking
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Financial institutions that make routine collection calls now face the threat of "robocall" class action lawsuits. Earlier this month, things went from bad to worse for banks that have not committed any abusive robo-calling practices.
July 31 -
Wells Fargo is ending some marketing arrangements with real estate firms and home builders over concerns about regulatory scrutiny.
July 31 -
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 from our social media platforms.
July 31 -
Valley National in Wayne, N.J., reported an increase in second-quarter earnings on expanded commercial real estate and business lending.
July 30 -
Santander Consumer USA Holdings expects to endure more credit losses in the coming quarters, as it expands its portfolio of higher yielding, subprime loans. But its CEO sought to assure investors that its profits would far exceed those costs.
July 30 -
Buying Eagle National Bank would give Stroudsburg, Pa.-based ESSA an entrée into Philly's fast-growing western suburbs.
July 30 -
The bank plans to use the proceeds for general corporate purposes, including possible acquisitions such as potential FDIC-assisted transactions. Iberiabank may also use the proceeds for working capital and for investments in subsidiaries to support continued growth.
July 30 -
United Community Banks in Blairsville, Ga., has filed a shelf registration for senior notes to help pay for its acquisition of a South Carolina bank.
July 30 -
Home Affordable Modification Program denial rates are still high, but the Treasury Department and top mortgage servicers contend that the numbers have improved.
July 30 -
The Federal Housing Administration is expected to rebuff a government watchdog report that blasted down payment assistance programs. The report has raised concerns that mortgage lenders would have to indemnify FHA for past loans, and that housing finance agencies would have the programs restructured.
July 30 -
Financial institutions take information security concerns very seriously, but few make it a priority to keep accountholders updated on their safeguarding efforts.
July 30 -
Mortgage servicer Residential Credit Solutions agreed Thursday to pay $1.5 million for blocking consumers attempts to keep their homes from foreclosure.
July 30 -
The FTC is mailing nearly $1 million to people who lost money in a credit card interest rate reduction scam.
July 30 -
Retailers had made repeated efforts to reject two class-action settlements one with Visa and MasterCard, one with Amex to no avail, but a well-publicized scandal involving lawyer conduct has swept up both cases and given the critics a real shot at scuttling them.
July 30 -
Consumers hold tight to the belief that servicers are only concerned about their ability to make payments, despite a growing industry focus on customer experience.
July 30 -
Santander Consumer USA Holdings in Dallas reported higher profits due to a spike in gains on loan sales.
July 30 -
A recent FCC ruling lumps legitimate businesses in with the telemarketing abusers and will hold banks to unrealistic standards.
July 30 -
A new Government Accountability Office report found that the Internal Revenue Services uncollected tax debts rose 23% since 2009 to $380 billion while the agencys collection staff fell 23% during the same period after years of budget cuts.
July 30 -
ESSA Bancorp in Stroudsburg, Pa., has agreed to buy Eagle National Bancorp in Upper Darby, Pa., for $25.3 million.
July 29 -
Lenders have increasingly turned to niche businesses, such as equipment financing, to differentiate themselves from competitors. Some banks, like Bank of the Cascades in Oregon, are choosing complicated specialties like aircraft financing that may scare off potential rivals.
July 29







