Consumer banking
Consumer banking
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Consumer credit default data through January shows a slight upward move in default rates from lows experienced last year, according to Tuesdays report by S&P Dow Jones Indices and Experian.
February 17 -
Massachusetts Attorney General Maura Healey has asked the Department of Education to forgive the school loans of hundreds of students from the state enrolled at Corinthian Colleges Inc., a for-profit company investigated by federal authorities for practices that left many students deeply in debt.
February 17 -
Union Bankshares in Richmond, Va., and Entegra Financial in Franklin, N.C., are rebranding their banks.
February 17 -
Social Finance, an alternative lender that has made its name in student loans, has branched out into unsecured personal loans.
February 17 -
WASHINGTON Bankers, technology CEOs and President Obama are throwing everything they have at countering the threat of cyber attacks, but based on a White House summit Friday on the issue, it's far from clear that it will be enough.
February 17 -
Racial disparity in small-business loans remains glaring, despite some improvement. Lenders' unfamiliarity with African-American communities is part of the problem, but so is the need for financial education among prospective borrowers.
February 16 -
Loan demand, which bankers say remained weak well after the recession, is picking up, and the industry is adjusting business models to meet it. But banks may want to act fast.
February 16 -
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February 13 -
Georgia state regulators on Friday closed the $272 million-asset Capitol City Bank & Trust Co., in Atlanta, the third institution to fail this year.
February 13 -
Athens Federal Community Bank has applied for a national bank charter as it broadens its focus beyond residential mortgage lending.
February 13 -
New York Attorney General Eric Schneiderman has introduced a bill that would impose new regulations on employers that pay workers through payroll cards.
February 13 -
Branch closings draw big headlines, but several large banks are entering new markets or bulking up in underrepresented cities by adding branches and hiring lenders. Bank of America, for instance, is planning a retail push in Denver and Minneapolis.
February 13 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week.
February 13 -
Just three years ago, CEO David Nelms heralded the purchase of LendingTree Loans as a milestone in Discover's evolution from a strict credit-card company to a broad-based consumer lender. Now he is hinting that it might exit the mortgage business.
February 13 -
Lenders including Bank of America and Citigroup are accelerating their sales of soured U.S. mortgages as investment firms compete to buy the debt.
February 13 -
Lenders are seeing higher demand for homes but are expecting only modest growth in sales this year due to the limited housing stock.
February 13 -
A recent research paper found that community banks' assets, along with market share in most types of commercial lending, have fallen since the Dodd-Frank Act was passed. The report is giving advocates of smaller institutions more data to rally around.
February 13 -
Three mortgage companies are facing regulatory action from the Consumer Financial Protection Bureau for misleading consumers with advertisements implying U.S. government approval of their products.
February 13 -
A lender has agreed to pay Pennsylvania consumers $8 million in restitution as part of a settlement to resolve claims it illegally provided loans.
February 13 -
The city of Eugene, Oregon has hired collection law firm Linebarger Goggan Blair & Sampson, based in Austin, Texas, to help collect past due parking fines.
February 13




