Consumer banking
Consumer banking
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A Southern Illinois town has hired a third-party collection agency to pursue unpaid city fees and fines ranging from criminal offenses to traffic offenses.
June 9 -
While lenders do not ask consumers about sexual orientation, a look at Home Mortgage Disclosure Act data on same-sex couple applicants raises questions about possible discrimination against gays and lesbians.
June 9 -
Doral Financial's (DRL) dispute with the Puerto Rican government over a tax refund will be heard on an expedited basis by the territory's courts.
June 9 -
Wintrust Financial (WTFC) of Rosemont, Ill., is planning to raise capital by issuing subordinated debt.
June 9 - California
LOS ANGELES Moneyworks, a startup that's preparing to roll out its personal financial management app, took home the $10,000 prize in a financial innovation contest Friday.
June 9 - New York
Shareholders at New York Community Bancorp (NYCB) have rejected the company's compensation packages for top executives.
June 9 -
Consumers increased their borrowing in April, with growth in credit card debt rising at the fastest pace in more than a dozen years.
June 9 -
A reported $12 billion settlement with federal and state authorities could force Bank of America to take a charge eating up most of its second-quarter profits. After that, the bank may finally get to move on.
June 6 - North Carolina
When Bank of America (BAC) announced a new deposit account with a reliable $4.95 monthly fee, some industry observers questioned whether the Charlotte, N.C., company could squeeze out a profit.
June 6 -
Payday lenders are raising the stakes in their pushback on Operation Choke Point with a lawsuit against banking regulators, alleging that "back-room pressure of banks" to dissolve longstanding relationships with payday shops and others is unfairly harming the industry.
June 6 -
WASHINGTON Economic growth will rebound in the second quarter, averaging 3.1% over next six quarters, but the housing market may not be as strong due to constraints on lending, according to bank economists.
June 6 -
Big banks can afford mega-settlements to solve their woes, but First Horizon National in Tennessee has to fix itself the old-fashioned way: slow cleaning up of its mortgage mess, opportunistic acquisitions, opening loans offices and, oh yes, begging investors for a few more years of patience.
June 6 -
Ten percent of people who used their cellphones to make a deposit had it returned to the originating institution due to fraud, according to new research.
June 6 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week.
June 6 -
A report on foreclosures in Los Angeles indicates penalties folded into a foreclosure registry program established in 2010, a program intended to scare property owners into maintaining houses, were never collected.
June 6 -
The $9.7 billion-asset company said in a regulatory filing Wednesday that it could sell the stock from time to time through Credit Suisse Securities.
June 6 -
The Federal Reserve's April report on consumer borrowing, to be released late in the day Friday, is expected to show borrowing rose by $15.6 billion in April.
June 6 -
Repurposing the CRA to root out discrimination based on race and ethnicity risks undermining the CRAs primary objective: to encourage banks to provide credit-related services in lower-income communities.
June 6 -
The $1.6-billion asset company, based in Asheville, N.C., is headed into Virginia for the first time after announcing plans Thursday to open a commercial loan production office in Roanoke.
June 5




