Consumer banking
Consumer banking
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JPMorgan Chase this week agreed to pay $13 billion to settle mortgage-related claims, under a landmark agreement with the Department of Justice. American Banker editors discuss what the settlement means for the bank, Chairman and CEO Jamie Dimon and state and federal authorities.
November 20 -
Cash America will pay up to $19 million to settle allegations that it robo-signed documents, overcharged military borrowers and destroyed documents during a CFPB exam.
November 20 -
The Consumer Financial Protection Bureau on Wednesday unveiled an enforcement action against Cash America International for robo-signing and other violations. American Banker editors discuss what the action says about the future of the small-dollar loan market and the CFPB's future enforcement activities.
November 20 -
Banks may never be able to restore their reputations after the financial meltdown, the director of the "Wall Street" movies told a Commercial Finance Association gathering. Surely the association wasn't expecting a pep talk.
November 20 -
U.S. Bancorp (USB) in Minneapolis plans to join the American Express (AXP) credit card network by fall 2014.
November 20 -
The U.S. could be at a competitive disadvantage by being less proactive in the area of gender diversity on boards. Well need to engage CEOs everywhere to achieve meaningful progress.
November 20 -
Bank of Commerce Holdings (BOCH) in Redding, Calif., has promoted Randall Eslick to be its new president and chief executive.
November 20 -
Americans continued to cut back on credit card debt and reduce late payments in the third quarter, according to a new report from TransUnion.
November 20 -
A U.S. Bancorp (USB) subsidiary has agreed to acquire the Irish hedge fund administrator Quintillion.
November 20 -
Tayfun Tuzun recently become the Cincinnati companys CFO after his predecessor was reassigned as part of an settlement with the SEC. Tuzun is now handling financial reporting at a time when regulation is on the rise.
November 20 -
A federal judge has temporarily halted, and frozen the assets of, a Montreal operation that bilked more than $14 million from small businesses and churches in the U.S. for unwanted listings in online business directories.
November 20 -
Law firm Rimon has added a former Bank of America (BAC) lawyer as a partner in its new Boston office.
November 20 -
The buzzy credit card consolidator, at least in its initial incarnation, doesnt render wallets redundant or, even, allow the consumer to do anything they cant already.
November 20 -
U.S. bank divestitures hit a 10-year low in 2013, according to a new report by Dealogic.
November 20 -
Bank of Hawaii (BOH) has approved a process where shareholders can pressure directors in uncontested elections.
November 20 -
The CFPB is calling the two new mortgage forms "Know Before You Owe," an apt description since a hodge-podge of federal mortgage disclosures that the new forms will replace have long been considered duplicative and confusing.
November 20 -
Despite complaints from bankers that the controversial legal theory is unfair, many lawmakers said it has been a useful tool in combatting discrimination.
November 19 -
Atlantic Coast Financial (ACFC) in Jacksonville, Fla., has launched a $42 million public offering.
November 19 -
U.S. Bancorp, the largest bank based in the Midwestern U.S., is the leading contender to buy the Chicago branches of Citizens Financial Group Inc. because smaller bidders are wary of raising capital to fund the deal, people with knowledge of the matter said.
November 19




