Consumer banking
Consumer banking
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Bitcoin's earliest adopters used to launch scathing criticism at the U.S. for being the first to regulate digital currency in 2012, but their ire seems to have cooled off.
February 7 -
The Consumer Financial Protection Bureau is weighing whether to vastly increase the data collected under the Home Mortgage Disclosure Act in an effort to better monitor trends and abuses in the market.
February 7 -
Minden Bancorp (MDNB) in Minden, La., plans to deregister with the Securities and Exchange Commission.
February 6 -
The squabbling over who is responsible for the massive data breach at Target stores resumed Thursday when a group representing retail banks rolled out a new set of numbers detailing how much the breach has cost banks.
February 6 -
The New York regulator questioned Ocwen's ability to handle more volume after an independent monitor reviewed the mortgage servicer's operations, a person familiar with the situation says.
February 6 -
Americans who buy prepaid cards from banks spend less on fees than those who buy their cards from nonbanks, according to new research from the Pew Charitable Trusts.
February 6 -
Job and income growth could pave the way for lenders to loosen guidelines late in the year. In the meantime, new regulations and repurchase risk are keeping the industry gun-shy.
February 6 - New York
Citigroup (NYSE: C) and insurance company Assurant (AZ) have agreed to pay $110 million to settle charges that it forced thousands of homeowners to purchase expensive property insurance in order to profit from kickbacks and commissions.
February 6 -
The Ohio company expects to receive an additional $46 million from loans it had marked impaired when it bought Citizens Republic. Management also expects more cost cutting than it originally projected.
February 6 -
Executives at Magna Bank in Memphis took a chance on expanding their multifamily practice to low-income developments, and it seems to have been a good business move.
February 6 -
Bank of New York Mellon (BK) has named veteran banker Ian Stewart as the new chief executive of its treasury services business.
February 6 -
Citigroup and Bank of America emerged as the big winners in a study of the best web features at 17 banks. But lenders that primarily serve customers online are gaining ground with user-friendly tools.
February 6 -
Mortgage rates for 30-year loans fell for a fifth week as stock market volatility and weaker-than-expected economic reports drove investors to the safety of the government bonds that guide borrowing costs.
February 6 -
Central Pacific Financial (CPF) in Honolulu has revised its fourth-quarter earnings and now says it earned $10.3 million, or 24 cents per share, for the three months that ended Dec. 31, compared to the $9 million, or 21 cents per share, it had previously reported.
February 6 -
Money market funds possess trillions of dollars of short-term institutional investor funds. Now the SECs proposed rule change for the industry may give banks an opportunity to attract institutional depositors with cash management offerings.
February 6 -
Credit Suisse Group AG (CSGN), the second-biggest Swiss bank, posted fourth-quarter profit that missed analysts' estimates after setting aside 514 million Swiss francs ($568 million) for U.S. tax and mortgage litigation.
February 6 -
Community banks exist to serve their customers and communities, not efficiency ratio-obsessed market observers.
February 6 -
New York Foundling Hospital, a Manhattan-based provider of child foster care services, has reached a $250,000 settlement with New York Attorney General Eric T. Schneiderman's office to resolve allegations the hospital billed Medicaid for the care of children while they were absent from the program.
February 6 -
More banks may soon give free FICO credit scores to millions of card customers along with their monthly bills as Discover Financial Services extends the offering to all of its cardholders.
February 6 -
Fannie Mae and Freddie Mac are not properly using a web portal developed to collect and screen appraisal information in order to minimize losses, according to an audit released Thursday.
February 6



