Consumer banking
Consumer banking
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LendingClub Corp., the largest U.S. peer-to-peer lender, is planning an initial public offering in the second half of the year and may raise about $500 million, people with knowledge of the matter said.
June 27 -
Community-sized institutions with cybersecurity gaps are facing new attention from regulators under a pilot exam project.
June 27 -
Canadian Imperial Bank of Commerce, the lender that sold half its most popular credit-card portfolio last year, will offer a new card that rewards users with loyalty points for doughnut chain Tim Hortons Inc. (THI)
June 27 -
Needham Bank has too many loans and not enough deposits. Its solution to aggressively add branches runs counter to emerging trends in the banking industry.
June 27 -
Payment Alliance International has a deal with OnPoint Community Credit Union to apply OnPoint's branding to automated teller machines at all 72 Rite Aid pharmacies in Oregon.
June 27 -
Customers Bancorp (CUBI) in Wyomissing, Pa., has raised $133.2 million in a private placement.
June 27 -
Ocwen hopes to do more with a novel transaction structure that transfers the prepayment risk of mortgage servicing rights. Other companies are exploring ways to finance a notoriously hard-to-finance asset.
June 27 -
Citizens Financial Group has hired Richard Hampson to be its president in Michigan. Hampson will also lead middle-market banking in Michigan for Citizens.
June 27 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week.
June 27 -
Zombie foreclosures tend to erode local government tax revenue and have been commonly cited by local officials nationwide as a key reason for rising tax delinquencies prompting the increased use of third-party collection agencies.
June 27 -
United Community Banks (UCBI) in Blairsville, Ga., has acquired Business Carolina, a commercial lender in Columbia, S.C.
June 27 -
Bitcoin and other digital currencies will get more attention from the U.S. Consumer Financial Protection Bureau after prodding from a congressional watchdog.
June 27 -
A diverse group including troubled borrowers, low-income renters, mortgage-bond issuers and investors in those bonds will get a boost from new Treasury efforts to keep capital flowing in the mortgage market.
June 27 -
A new report reveals that an estimated 12 million Americans choose payday loans each day to avoid outcomes like long-term debt but that the average loan requires a repayment of more than $400 in two weeks, when the average borrower can only afford $50.
June 27 -
The Account Control Technology Foundation, a non-profit, charitable foundation established by the founders of Account Control Technology Inc., has announced the 50 winners of its college scholarships for 2014.
June 26 -
KPMG Corporate Finance has acquired the assets of Denver investment bank St. Charles Capital.
June 26 -
MidFirst Bank in Oklahoma City said Thursday that it will purchase Steele Street Bank & Trust in Denver, Colo.
June 26 -
The latest Pew report shows consumers are still in the dark on overdraft fees, and it says that they pay too much when they have insufficient funds. The advocacy group is again calling for more regulatory reforms.
June 26 -
Metro Bancorp, once an aspiring acquirer, is fielding complaints from a trio of investment firms that believe management is incapable of meaningfully improving the company's performance.
June 26 -
The Pittsburgh bank held a topping-out party at its fancy new downtown headquarters this week, and Chairman and CEO William Demchak welcomed back his recent predecessor, James Rohr, with a combination of praise and humor.
June 26




