Consumer banking
Consumer banking
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A report on student loan debt suggests that borrowing by people in graduate and professional degree programs is rising and could total a larger-than-expected portion of the nations $1 trillion in total outstanding federal student loans.
April 17 -
A federal judge approved a class-action settlement against a law firm and collection agency for alleged Fair Debt Collection Practices Act violations.
April 17 -
Fifth Third Bancorp (FITB) said a drop in the value of a payments subsidiary, and higher legal costs, led to a 25% year-over-year drop in its quarterly profit.
April 17 -
Wal-Mart's new "Walmart-2-Walmart" transfer service will enable consumers to send money to each other by using the retail chain's store network.
April 17 - Illinois
PrivateBancorp (PVTB) in Chicago beat quarterly earnings estimates as its lending revenue and credit quality continued to improve.
April 17 -
The Cleveland company reported earnings of $236 million, up more than 18% from a year earlier. Earnings per share of 27 cents beat analysts' estimates polled by Bloomberg by three cents.
April 17 - Connecticut
Webster Financial Corp. (WBS) in Waterbury, Conn., reported solid first-quarter results thanks to a surge in commercial lending.
April 17 -
BB&T (BBT) in Winston-Salem, N.C., narrowly missed Wall Street's first-quarter expectations because of sluggish loan growth.
April 17 -
William Young, the founding chief executive officer of Virginia Partners Bank in Fredericksburg, Va., will retire on June 30.
April 17 -
Wal-Mart Stores Inc., the world's largest retailer, plans to start a money transfer business as it works to provide customers with more financial services.
April 17 -
Hancock Holding (HBHC) in Gulfport, Miss., reported higher quarterly earnings after it aggressively cut costs.
April 16 -
American Express (AXP) reported a 12% increase in earnings Wednesday on the strength of improvements in credit quality, cuts in expenses and a modest boost in revenue.
April 16 - Virginia
Capital One (COF) in McLean, Va., posted slighter higher quarterly earnings that surpassed analysts' expectations.
April 16 -
B of A caught observers off guard by announcing $6 billion in mortgage litigation expenses, but the move is an attempt to convince analysts and investors that there is an end in sight to its crisis-era legal woes. It just might work.
April 16 -
WASHINGTON Comptroller of the Currency Thomas Curry said his agency is increasingly concerned about the cybersecurity risks from banks relying too much on certain vendors and using service providers in foreign countries.
April 16 -
As drafted, the Johnson-Crapo bill would allow big banks to originate, aggregate, and guarantee mortgages. Small lenders worry such vertically integrated companies could price them out of the business.
April 16 -
Executives at U.S. Bancorp, PNC and Huntington all sounded cautiously optimistic about lending opportunities and each has a favorite region when it comes to finding borrowers.
April 16 -
Bank of America Corp. is paying $950 million to settle claims that its Countrywide unit pooled faulty mortgages into securities that helped hobble Financial Guaranty Insurance Co. and saddled buyers with losses.
April 16 -
Demand for loans by consumers and businesses grew in the first quarter, according to a Federal Reserve report released Wednesday.
April 16 -
The Obama administration is urging activists like the National Council of La Raza to support legislation to overhaul the housing finance market, ahead of a Senate Banking Committee vote scheduled for late April.
April 16



