Consumer banking
Consumer banking
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Fifth Third Bancorp's new advanced cash-vault product is being rapidly adopted by the bank's clients, the Cincinnati Business Courier reported.
June 3 -
Rep. Edward Royce, R-Calif., urged fellow House members Wednesday to support a Senate proposal that would make significant reforms to Fannie Mae and Freddie Mac.
June 3 -
BB&T has received regulatory approval for its acquisition of Bank of Kentucky Financial, with the Federal Reserve providing a blueprint for approvals of future deals.
June 3 -
The CFPB gave little ground in its pledge Wednesday to be "sensitive" to lenders that make a "good-faith effort" to comply with new mortgage disclosure rules that go into effect in August. The agency's statements fell short of a formal grace period that the industry and lawmakers had been demanding.
June 3 -
Democrats in the House and Senate have banded together around a regulatory relief bill for community banks, a response to broader reforms proposed by Republicans to roll back parts of the Dodd-Frank Act.
June 3 -
The Federal Deposit Insurance Corp. will prioritize requests for temporary office space and waive certain document-filing rules for Texas and Oklahoma banks affected by recent storms.
June 3 -
Blue Valley Ban Corp. in Overland Park, Kan., has agreed to acquire a branch in its hometown owned by The Federal Savings Bank in Chicago.
June 3 -
With New York's framework for regulating digital currency now final, a looming question is whether other states such as California will follow suit.
June 3 -
First National Bank Alaska in Anchorage has appointed Betsy Lawer as chairwoman.
June 3 -
WSFS Bank has teamed up with ZenBanx, a fintech startup founded by a pioneer of direct banking, Arkadi Kuhlmann. WSFS will be the first in the U.S. to power a mobile account that lets users park money in up to five currencies and send remittances. The partnership is the latest example of a traditional bank trying to inject innovation into its culture.
June 3 -
U.S. Bank in Minneapolis has updated its mobile corporate payments app with features that allow the use of virtual card accounts single-use, cardless accounts through which a users are given a temporary 16-digit number with which to make a payment.
June 3 -
An investment bank cautioned Bank of the Ozarks that its target, Bank of the Carolinas, was in talks with another suitor and "did not wish to jeopardize that transaction," a filing disclosed. The Arkansas acquirer pushed on and ended up walking away with the deal less than two months later.
June 3 -
ATM management company Dolphin Debit has placed large, drive-up ATMs at Murphy USA fuel stations, adjacent to Walmart stores, for credit unions in Mississippi and Texas.
June 3 -
Lenders are reporting stronger demand for commercial and private lending over the past two months, according to a report released Wednesday by the Federal Reserve Board, continuing a trend of mild-to-moderate improvement in banking fundamentals in recent quarters.
June 3 -
t's no grace period, but the Consumer Financial Protection Bureau is working placate lender fears of hasty enforcement of its new integrated disclosure rules.
June 3 -
MasterCard has formed an alliance with a Somalian bank to issue debit cards in the last African market aside from nations under sanctions where it wasn't present.
June 3 -
American Banker dug into its archives for photos of some of the most influential banking figures of the 20th century, from the regulators who managed the 1980s savings-and-loan crisis to the visionaries who created the modern megabank. Hungry for more? Check out our previous slideshow, "Blasts from America's Banking Past."
June 3 -
Regulators have made great strides in recent years in crafting responsible underwriting guidelines, developing servicing standards and eliminating products and practices to ensure long-term success for homeowners. But there is a debate as to how best to increase access to credit for qualified borrowers.
June 3 -
First United in Oakland, Md., has promoted Tonya Sturm to chief financial officer.
June 2 -
Community bankers are up in arms after one of the largest core processors told institutions it will likely raise costs because of a data collection effort undertaken by the Consumer Financial Protection Bureau.
June 2



