Consumer banking
Consumer banking
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Flagstar Bancorp (FBC) in Troy, Mich., has agreed to pay Freddie Mac $8.9 million in order to settle mortgage repurchase claims.
December 30 -
Americas United Bank (AUNB) in Glendale, Calif., has agreed to buy Silvergate Capital Corp.'s lone branch in Los Angeles county.
December 30 -
Wells Fargo & Co., the largest U.S. home lender, agreed to pay Fannie Mae $591 million to resolve repurchase demands on loans sold to the government-backed firm before Jan. 1, 2009.
December 30 -
In the United Kingdom, the think tank Institute for Public Policy Research revealed the most popular uses for payday loans involve everyday expenses rather than unexpected emergencies.
December 30 -
A compilation of the year's favorite stories, as selected by the people who assigned and edited them. Picks exclude items that appear among Top Stories of 2013, as measured by audience size.
December 30 -
Compliance issues and regulatory worries can prevent many banks from embracing much new technology internally - especially when it comes to the tricky waters of social media like Twitter. Frank Sorrentino III, CEO of the New Jersey community bank ConnectOne, discusses why he and his bank are so active on Twitter, and why other bankers shouldn't let worries about compliance block them from being innovative.
December 27 -
We revisit some of the best comments readers posted to AmericanBanker.com and BankThink.com in 2013.
December 27 -
United Bancorp (UBMI) in Ann Arbor, Mich., has redeemed the last of its Troubled Asset Relief Program shares.
December 27 -
Banks got some regulatory relief in 2013 as federal regulators sharply curtailed their issuance of new enforcement actions.
December 27 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week.
December 27 -
Target Corp. said data related to shoppers' personal identification numbers was stolen during the recent breach of its debit and credit card system and that it's "confident" customers' accounts haven't been compromised because the information was encrypted.
December 27 -
A trio of lawsuits in West Virginia highlight the types of issues agencies are facing not just in the state but nationally.
December 27 -
Susquehanna Bancshares is doing a sale-leaseback of 30 branches to improve its capital planning. But over the long term, and more importantly to the industry overall, it could also help the bank get out of branches that may one day become obsolete.
December 27 -
The Federal Deposit Insurance Corp. issued a prompt corrective action against AztecAmerica Bank in Berwyn, Ill., in November and hit two other banks with consent orders.
December 27 -
The Fed's planned reduction in bond purchases is expected to drive mortgage rates up by 50 basis points next year, further suppressing the refi market. The upshot: more competition in the purchase market.
December 27 -
The Consumer Financial Protection Bureau and the Department of Justice filed a joint complaint against National City Bank for charging higher prices on mortgage loans to African-American and Hispanic borrowers than similarly creditworthy white borrowers between the years 2002 and 2008.
December 27 -
The Reserve Bank of India (RBI) has issued a warning on the risks of virtual currencies, and the country's largest Bitcoin trading platform has shut down.
December 27 -
Old National Bancorp (ONB) in Evansville, Ind., will pay a $500,000 fine in the process of satisfying a regulatory order to strengthen its anti-laundering controls.
December 27 -
WashingtonFirst Bankshares (WFBI) in Reston, Va., is the latest lender to divest securities on concerns about the Volcker Rule's controversial ban on collateralized debt obligations.
December 27 -
The Federal Reserve Board has approved Community West Bancshares' (CWBC) request to pay dividends on preferred stock.
December 27





