Consumer banking
Consumer banking
-
No one can agree on what the Fed will do with interest rates. In the meantime, the banking industry's more-conservative players are devoting more resources toward hoarding low-cost deposits and purging shorter-term borrowings.
February 11 -
GOP lawmakers on Wednesday harshly criticized the Federal Housing Administration's recent move to lower insurance premiums, saying it violates the law and will be used to entice borrowers into predatory loans.
February 11 -
United Community Banks in Blairsville, Ga., has solidified Lynn Harton's hold as the eventual successor to Chief Executive Jimmy Tallent.
February 11 -
The central bank is floating the concept of using the Internet to facilitate the direct clearing of transactions between financial institutions, which would likely diminish its own role in the U.S. payment system.
February 11 -
Metro Bancorp, which has been fielding calls to sell itself for nearly a year, disclosed that CEO Gary Nalbandian will take a medical leave to undergo bypass surgery. Metro's executive team will be tasked with an ongoing effort to improve performance and remain independent.
February 11 -
An estimated 77 million Americans have a debt in collections, or about 35% of consumers with credit files or data reported to a major credit bureau, according to a joint study, which noted that the positive impact of collections is expected to increase.
February 11 -
U.S. Bancorp in Minneapolis has appointed Amy Hurd as head of its in-store and on-site banking division.
February 11 -
WASHINGTON In expansive comments, Consumer Financial Protection Bureau Director Richard Cordray provided new details Tuesday about proposals due soon from the agency while offering insights into an internal battle over easing a key mortgage rule. He only briefly touched on debt collection rules.
February 11 -
Many colleges partner with banks to offer their students special accounts through exclusive bank-school marketing arrangements. Unfortunately, the benefits afforded to students through these accounts are grossly overstated, while the potential harm the arrangements cause can be significant.
February 11 -
A sweepstakes operator is permanently banned from direct mail marketing and is liable for a $9.5 million judgment under a settlement with the Federal Trade Commission, which charged her with violating a previous court order by running a sweepstakes scam.
February 11 -
Websites are the old dog compared with mobile, but www.yourbank.com still has some life left in it in some eyes. Here is a sampling of Web features lauded in a recent survey of 16 banks' sites.
February 11 -
Many colleges partner with banks to offer students special accounts. Unfortunately, the benefits of these accounts are grossly overstated and can even cause harm.
February 11 -
Big banks and institutional investors picked up the pace of loan approvals for small businesses in January, while small banks and alternative lenders continued to see their approval rates decline, according to a monthly lending index.
February 11 - Utah
Zions Bancorp will revise its fourth-quarter earnings downward to reflect recent settlement discussions tied to a "private litigation matter."
February 11 -
From regulatory settlements to data breaches, bankers need to handle negative press with finesse and care. Here are several ways executives can effectively communicate with stakeholders and restore investor and customer confidence.
February 11 -
The Senate Banking Committee's first look at regulatory relief for small institutions provided key insights into how the panel is likely to tackle the topic legislatively this year, suggesting it could be a long and contentious debate.
February 10 -
The creation of a new cybersecurity agency is the latest move by the Obama administration to combat the increasing threat of cyberattacks.
February 10 -
More than 100,000 potential plaintiffs can pursue class-action litigation accusing Leucadia National Corp. and a law firm of illegally winning default judgments in debt collection cases, a federal appeals court in New York ruled Tuesday.
February 10 -
Hackers in several financial services industry data breaches targeted customer-contact information that is often thought of as less sensitive. But crooks can use that data and other bits of stolen info to do great harm.
February 10 -
Speakers at the American Bankers Association's Conference for Community Bankers made it clear that smaller banks must find ways to embrace new and disruptive ways of doing business to compete the bigger institutions and nonbanks.
February 10





