Consumer banking
Consumer banking
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Westbound Bank in Katy, Texas, has promoted Troy England, chief lending officer, to president.
May 21 -
Last year the mail carrier's office of inspector general suggested a potential expansion into small-dollar lending, but the ambitions laid forth in a new report have been scaled back considerably.
May 21 -
Orchard Platform in New York has added two nonbank lenders to its marketplace lending service that matches institutional investors with loan originators.
May 21 -
Atlantic Coast Financial in Jacksonville, Fla., has named Tracy Keegan its full-time chief financial officer.
May 21 -
Several Puerto Rican banks are dealing with a sour participation to a major utility on the island. The creditor like the Puerto Rican government is barred from filing for bankruptcy, complicating matters for its lenders.
May 21 -
Federal courts in New York and Georgia halted three debt collection operations that allegedly violated federal law by tricking and threatening consumers via emails, text messages and phone calls.
May 21 -
A payment processor and telemarketer Hal E. Smith must pay more than $1.7 million to settle charges of running a deceptive robocall credit card scheme.
May 21 -
The number of branches at credit unions and banks has been surging for decades and presents some challenging problems for financial institutions as they face an ever-increasingly competitive landscape in the future.
May 21 -
The government agency that proposed a controversial expansion by the U.S. Postal Service into financial services now acknowledges that its big ideas would probably require the passage of new legislation.
May 21 -
Harvard Illinois Bancorp, which has struggled with persistent activist pressure and exposure to a fraud scheme, is preparing to wind down its operations.
May 21 -
Several big banks have hired environmental professionals from far outside the world of banking to make sure banks' clients aren't doing things to threaten water quality, public health or worker safety. The executives' job is to protect their banks' credit books and reputations.
May 21 -
New York Community Bancorp Inc. Chief Executive Officer Joseph Ficalora didn't have to pay taxes on $2.84 million in restricted stock he collected last year. His company picked up the tab.
May 21 -
Nonbank servicers selling and buying Fannie and Freddie MSRs must meet new capital and liquidity requirement to transfer servicing.
May 20 -
Customers Bancorp will offer free financial coaching to customers of its mobile-banking product who maintain higher monthly deposits.
May 20 -
Capital One Financial is planning to beef up its mortgage lending and has hired industry veteran Desmond Smith to oversee the effort.
May 20 -
Fidelity Southern in Atlanta has agreed to buy the Florida branch network of First Banks Inc. of Clayton, Mo.
May 20 -
VidVerify, a new company started by a co-founder of Lenders One, produces online videos that educate borrowers on the milestones of the mortgage process, while helping lenders ensure regulatory compliance.
May 20 -
A handful of banks are upgrading their apps with Siri-like "virtual assistants" that understand spoken questions at a time when most institutions don't even let digital customers do typed keyword searches of their transaction data.
May 20 -
The three major credit bureaus agreed Wednesday to pay more than $6 million to 31 states to cover the cost of a three-year investigation into credit reporting errors.
May 20 -
Cuba has found a Florida bank willing to handle its future business in Washington, removing a major impediment to the communist country opening an embassy in the U.S.
May 20




