Consumer banking
Consumer banking
-
A lawsuit filed by marijuana activists in Denver District Court claims that collecting pot taxes violates the Fifth Amendment of the U.S. Constitution.
June 12 -
Licensed money services business AstroPay is launching Ripple LatAm, connecting the Latin American market with the digital currency payment provider Ripple Labs' network partners and gateways in North America, Europe and Asia.
June 12 -
Tax compliance provider Avalara has made many connections within the payments industry to respond to merchant demand for built-in tax reporting functions at the point of sale.
June 12 -
Sun Bancorp (SNBC) in Mount Laurel, N.J., has hired three industry veterans to expand its commercial lending in New Jersey.
June 11 -
JPMorgan Chase is sticking with its projections of 5% loan growth this year because of positive signs in auto, credit card, CRE and other categories, an official said. Next year may see similar improvement.
June 11 -
The Holding family has held large stakes in several banks for years; two of those banks are finally merging as part of a $637 million deal.
June 11 -
LenderLive Network is expanding its correspondent lending channel by offering to buy jumbo mortgages from members of the Independent Community Bankers of America.
June 11 -
Upbeat comments from executives at Capital One and Discover are backed up by new data on card spending and loan growth.
June 11 -
U.S. Bank has opened a tony branch at Starbucks Center in Seattle, which houses the coffee chain's 4,300-employee headquarters as well as the offices of other large corporations and startups. It is part of a broader strategy to target high-end consumers.
June 11 -
Capital One Financial (COF) in McLean, Va., is piloting a new service aimed at protecting its customers from possible fraud.
June 11 -
A new trade group is making an effort to educate veterans about the lesser-known, low-down-payment, government-backed loan program, while the Department of Veterans Affairs works to clarify rules and recruit appraisers.
June 11 -
The Consumer Financial Protection Bureau Wednesday said it will take a harder look into mobile financial services to see the potential for consumer harm and determine the impact on the underbanked.
June 11 -
Struggling North Milwaukee Bancshares is asking its home city for a cash infusion, but the city has so far been reluctant to make a commitment.
June 11 -
Metro Bancorp (METR) in Harrisburg, Pa., is facing pressure from an investor to sell itself.
June 11 -
Share of The Bancorp (TBBK) plummeted a day after the Wilmington, Del., company disclosed that it had been hit with a consent order tied to the Bank Secrecy Act.
June 11 -
Some regional and large community banks are retaining more mortgages for investment because better-than-average deposit growth has given them extra cash they need to deploy. However, they are selective about which mortgages they keep.
June 11 -
A number of banks are looking at checking accounts without overdraft fees or check writing as a way to reach new customers and deepen relationships.
June 11 -
A payment processing company has settled charges that it helped facilitate a credit card interest rate reduction scam that bilked tens of thousands of consumers out of nearly $10 million.
June 11 -
A former U.S. Bank employee, believed to be the man suspected of taking bribes from a Florida-based debt buyer, is currently awaiting sentencing for taking kickbacks in another case.
June 11 -
American International Group Inc. (AIG) promoted Peter Hancock to chief executive officer as the company focuses on growth after his predecessor stabilized the insurer and paid back a 2008 government bailout.
June 11



