Consumer banking
Consumer banking
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Eastern Virginia Bankshares (EVBS) said Thursday that it has agreed to acquire Virginia Company Bank (VGNA) for $9.2 million in stock and cash.
May 29 -
A Republican-led congressional panel is accusing the Department of Justice of overstepping its legal authority and unfairly harming legitimate merchants as part of an investigation into fraudsters' use of the banking system.
May 29 -
Women need to stop stressing out about giving equal attention to personal and professional goals, Teresa Taylor writes in her latest book. Taylor, a director at First Interstate BancSystem, also advises women to be more aggressive with networking if they want to sit on more corporate boards.
May 29 -
Legal experts are becoming increasingly concerned that federal judges are questioning the right of a lender of secondary creditor to bid the full value of claims in Chapter 11 cases. For banks looking at bankruptcy, this development provides more encouragement to settle with certain debtholders before seeking legal protection.
May 29 -
Ally Bank CEO Barbara Yastine admits theres a drawback to not having bricks and mortar but it isnt enough to make her regret not having branches under the Ally banner, which replaced the GMAC Bank brand five years ago this month. Yastine also discusses Know Your Customer standards and why the company is standing by its indirect auto finance model.
May 29 -
Citi (NYSE: C) has named a new head of its middle-market lending business.
May 29 -
The car title loan industry is poised to grow substantially if it's not covered by CFPB regulations on payday lending. But the bureau has not laid the groundwork for title lending rules in the same way it has for payday lending.
May 29 - Rhode Island
The city of Providence, R.I., has sued Santander Bank, alleging that bank violated the Fair Housing Act by refusing to make prime mortgage loans available in minority communities.
May 29 -
Square, which built its business on the simplicity of its plug-in payment device, is piling on services that should make banks and other companies take notice.
May 29 - Ohio
Fifth Third Bancorp (FITB) of Cincinnati expects to report an $81 million gain in the second quarter after selling shares of payment process firm Vantiv (VNTV).
May 29 - Ohio
Cleveland's Third Federal Savings and Loan is adding three states to its growing national home lending presence.
May 29 -
The largest real estate company in Alabama was ordered by the Consumer Financial Protection Bureau to pay for practices that illegally benefited an affiliated firm.
May 29 -
The National Credit Union Administration has approved the sale of Flint River National Bank in Camilla, Ga., to Five Star Credit Union in Dothan, Ala.
May 29 -
Dish Network Corp. subscribers will soon be able to pay their bills using bitcoin, the online virtual currency that's drawn scrutiny from regulators.
May 29 -
Americans don't understand their credit scores, specifically the way they are calculated, and are possibly damaging their credit reports as a result, according to a new survey.
May 29 -
With the reduction in payday loans, prompted by a 2009 law, comes a drop in payday loan stores.
May 29 -
Solera National Bancorp (SLRK) lost its proxy battle at the ballot box, though the Lakewood, Colo., company still hopes it can win in the courtroom.
May 28 -
Financial Institutions (FISI) in Warsaw, N.Y. has agreed to buy Scott Danahy Naylon, an insurance agency in Amherst, N.Y.
May 28 - California
The head of a California mortgage lender who perpetrated a $5.3 million mortgage fraud scheme against Ally Financial will serve more than four years in prison.
May 28 -
WASHINGTON The Consumer Financial Protection Bureau fined RealtySouth, Alabama's largest real estate firm, $500,000 for allegedly steering consumers to an affiliated title services company.
May 28



