Consumer banking
Consumer banking
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The Delaware bank, which issues cards for a wide swath of the prepaid industry, will have to curtail its growth as part of an agreement with the FDIC.
June 13 -
Big and regional banks are embracing gay pride month, sponsoring festivals in New York, San Francisco and other major cities throughout June as well as sending employees and executives to participate in parades and promote an inclusive image to consumers.
June 13 -
The $7.4 billion-asset company announced this week that it is planning a branch in Greenville, S.C.
June 13 -
New York Attorney General Eric Schneiderman on Friday announced his support for a proposal in the state legislature to regulate prepaid debit cards used by employers to pay wages.
June 13 -
WASHINGTON A bank subsidiary should be able to claim tax refunds resulting from the institution's losses even if its tax returns are filed by the holding company, the federal bank regulators said in guidance issued Friday.
June 13 -
The Justice Department has asked Citigroup for more than $10 billion to settle a probe into the lender's sale of mortgage-backed bonds in the run up to the 2008 financial crisis, according to a person familiar with the negotiations.
June 13 -
Citigroup (NYSE: C) is selling its consumer banking business in Greece as it part of its ongoing plan to scale back its operations in certain foreign markets.
June 13 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week.
June 13 -
The operators of a massive mobile cramming scheme will surrender more than $10 million in assets to settle Federal Trade Commission charges.
June 13 - California
The Chicago Federal Home Loan Bank reaches agreement with Redwood Trust so member institutions can sell loans to the private-label issuer.
June 13 -
DBA International voiced support for the federal enforcement action against the owner of Florida-based debt buyer United Credit Recovery.
June 13 -
A home builder that offers home financing has settled FTC charges that it deceived consumers by advertising low-cost mortgages while hiding fees and not disclosing critical information.
June 12 -
Green Dot (GDOT) said Thursday that it has hired a PayPal executive to become general manager of its mobile bank account, known as GoBank.
June 12 -
Luvleen Sidhu has been hired by her father -- Jay Sidhu, the head of Customers Bancorp -- to do something a lot of small banks would be afraid to tackle: develop Customers' own mobile banking software.
June 12 -
Since the recession, banks have gradually reinvested more and more of their liquidity in securities. A handful have taken this trend to the extreme, putting nearly all of their deposits into investments and lending almost nothing. While delivering consistent, low-risk profits, the model faces pressure from regulators and the economy.
June 12 -
Legislation aimed at allowing student loan borrowers to refinance their debt died in the Senate on Wednesday after it failed to get the required 60 votes needed to advance the bill.
June 12 -
The Ohio Supreme Court on Wednesday ruled that the state's payday lenders can keep making the short-term loans, reversing a judgment from the Ninth District (Ohio) Court of Appeals.
June 12 -
First National (FXNC) in Strasburg, Va., has formed a mortgage division.
June 12 -
Harwood Feffer promised to investigate claims against First Citizens Banc Corp in Ohio for agreeing to sell itself. The problem? The law firm should have been targeting First Citizens Bancorp. in South Carolina.
June 12 -
A down payment remains a high hurdle for consumers seeking mortgages. Lowering this hurdle increasingly seems in line with industry and regulatory goals-assuming borrowers don't default. There's the rub.
June 12





