Consumer banking
Consumer banking
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Twelve years ago Greg Logoteta decided he no longer wanted to "sell ice cubes to Eskimos" and made the move from working at a big bank to running an office of SAFE CU.
September 30 -
When staff approach Scott Callison with a question, they should be ready with some answers of their own.
September 30 -
Lisa Fitzpatrick doesn't mind avoiding mid-day traffic in Linn County, Iowa, and not hearing the slamming of her car door as often.
September 30 -
New York Attorney General Eric Schneidermans office has reached settlements with five companies charged with violating the states usury and licensed lender laws through the collection of payday loans.
September 30 -
The CFPB's new rules on originations rank at the top of mortgage lenders' worries these days, but they have plenty more. Scores of home equity lines of credit made during the height of the housing boom are on the verge of re-setting. Regulators are demanding that lenders improve oversight of home appraisers. And Fannie and Freddie are cautioning lenders not to sell them anything other than pristine loans. Here are six issues that are keeping mortgage lenders up nights.
September 30 -
Alan Reiner, 30, thought he wouldn't find any career more interesting than missile defense simulations, but the self-described nerd left physics recently to work full-time on an ultra-secure Bitcoin wallet, Armory.
September 30 -
WASHINGTON The Federal Deposit Insurance Corp. sought to ease concerns about its view of banks' affiliations with online lenders, saying institutions correctly managing their third-party relationships "are neither prohibited nor discouraged" from processing payments for legal entities.
September 27 -
Lewis Jones, Kenneth Knuckles and Colvin Grannum will join Carver's board on Tuesday, the $634 million-asset company said in a press release Friday.
September 27 -
Cynthia Merkle has joined the $2.5 billion-asset mutual as executive vice president and COO, it announced Friday.
September 27 -
Mooney is joining AT&Ts (NYSE:T) board of directors, the telecommunications company announced Friday. She will sit on the corporate development and finance committee.
September 27 -
The $840 million-asset company will take a third-quarter charge of about $10 million on the sale of the loans, which have a book value of $33 million, it said.
September 27 -
FHA Commissioner Carol Galante says mandatory accounting rules forced the agency to ask for additional funds and don't reflect significant improvements in its mortgage portfolio this year.
September 27 -
The third quarter was marked by fewer but bigger deals. Higher prices could keep volume in check as sellers hold out for more. The fiscal showdown in Washington and related market swings could also complicate the balance of the year.
September 27 -
JPMorgan Chase & Co. and Citigroup Inc. were among the banks that lost a bid to throw out a Federal Deposit Insurance Corp. lawsuit over $388 million in securities sold to a failed lender.
September 27 -
Higher interest rates have cut into bank profits in recent months, but that was only the start of the problem for big banks. The volatility is also hurting the value of their available-for-sale debt securities, which could cost them once Basel III takes effect Jan. 1.
September 27 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week.
September 27 -
The federal government has broken up a fraud ring in which a key figure was a Wells Fargo (WFC) employee who opened accounts for her accomplices.
September 27 -
Anchor BanCorp Wisconsin in Madison has completed a $175 million recapitalization. With funding from private and institutional investors, the company has capital levels above the threshold regulators consider for being well-capitalized.
September 27 -
Lenders should be on the lookout for an increase in mortgage applicants who lie about their incomes, according a new quarterly report from CoreLogic.
September 27




