Consumer banking
Consumer banking
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The Financial Crimes Enforcement Network has proposed forcing banks to identify those standing behind legal entity accounts, but also made a slew of accommodations meant to make the rule more palatable.
August 12 -
Even though refinance loans account for the majority of mortgage applications, the refi boom has long been over, and depressed origination volume will keep it that way for some time.
August 12 -
Centrue Financial in Ottawa, Ill., said Monday that it has agreed to sell $75 million of its common stock to the New York private-equity group Capital Z Partners.
August 12 -
Ocwen Financial, the largest nonbank mortgage servicer, said investors shouldn't rely on its financial statements for 2013 and the first quarter of this year as the firm's auditor reviews accounting controls.
August 12 -
A payday lending executive who New York prosecutors say violated the state's usury laws is set to be arraigned Tuesday in a Manhattan court.
August 12 -
ITT Educational Services Inc. has seen a large drop in its stock price and other woes amid a Consumer Financial Protection Bureau lawsuit and tightening regulatory scrutiny of for-profit colleges nationwide.
August 12 -
Security concerns are commonly cited as the reason for the lack of widespread adoption of mobile banking. But there is risk with every type of payment - lest we forget the growing list of recent major retailer and restaurant card data breaches.
August 12 -
In a speech Tuesday, the director of the Financial Crimes Enforcement Network will argue that recent guidance for banks regarding the marijuana industry is working as intended. But it's unclear whether banks' concerns about the risks have been addressed.
August 11 -
JPMorgan Chase, which last year said its private-equity unit would become independent, agreed to sell half of its $4.5 billion in buyout holdings to Carlyle Group LPs AlpInvest Partners BV and Lexington Partners Inc.
August 11 -
The Consumer Financial Protection Bureau issued a warning to consumers about the danger of digital currencies, sparking questions about whether the agency could soon seek to write new rules in that area.
August 11 -
Two Midwestern banking companies, First Midwest Bancorp in Illinois and First Federal of Northern Michigan Bancorp, have completed previously announced acquisitions.
August 11 -
Old National Bancorp in Evansville, Ind., is selling $150 million of unsecured senior notes to fund the cash portion of pending deals and to possibly support future acquisitions.
August 11 -
JPMorgan Chase, the biggest U.S. bank, is considering moving its headquarters within New York as the company has fewer employees in the nation's largest city, according to a person briefed on the discussions.
August 11 -
The Consumer Financial Protection Bureau weighed into the debate about the future of digital currencies like Bitcoin, issuing a warning Aug. 11 that they pose significant risks to consumers.
August 11 -
Scammers in Ohio are posing as government and law enforcement officials demanding that consumers pay money immediately, according to state regulators.
August 11 -
The Consumer Financial Protection Bureau last week sent letters to 10 of the countrys largest universities urging them to publish the terms of prepaid cards, debit cards and checking accounts that banks are promoting on their campuses.
August 11 -
Misys, the British financial industry software provider, has acquired Custom Credit Systems in Richardson, Texas, which specializes in commercial lending technology, for an undisclosed price.
August 11 - Virginia
The banking industry had its second most profitable quarter in 23 years in the April-June period, according to SNL Financial.
August 11 -
Financial products are more available than ever, opening up vast markets here and abroad, including billions of unbanked consumers looking for new options from clever startup firms, says former Citigroup Chief Executive Vikram Pandit.
August 11 -
New charters were once an integral piece of the bank M&A food chain, allowing bankers to start anew after selling their institutions. Do novo banking has all but dried up, and the dearth of startups has made executives hesitant to sell their banks.
August 11



