Consumer banking
Consumer banking
-
Sen. Elizabeth Warren, D-Mass., is pressuring the Department of Justice for more details related to payments made to the Federal Housing Administration as part of the $25 billion mortgage servicing settlement announced last year.
August 21 -
The Consumer Financial Protection Bureau on Tuesday sued Morgan Drexen Inc., of Costa Mesa, Calif., alleging it illegally charged more than 22,000 customers millions of dollars in upfront fees to help resolve outstanding debts.
August 21 -
Global mobile marketer Jesta Digital LLC, will provide refunds to a large number of consumers and pay an additional $1.2 million to the Federal Trade Commission as part of a settlement. The FTC alleged that Jesta crammed unwanted charges onto consumers cell phone bills.
August 21 -
FPB Financial in Port St. Lucie, Fla., has declared a 3-for-1 stock split in an effort to bolster trading activity.
August 21 -
A pair of prominent investors are pursuing opposing strategies in their bank investments: Warren Buffett is buying, while David Einhorn is cutting back.
August 21 -
VantageSouth Bancshares in Raleigh, N.C., plans to sell up to $50 million of preferred stock to leave the Troubled Asset Relief Program.
August 21 -
Alex Dunlap, the former director of debt sales for Wells Fargo, has left the bank for Flock Specialty Finance. His move comes after Wells stopped selling unpaid consumer loans to outside buyers and as regulators crack down on banks' debt collection practices.
August 21 -
More jobs and easier loan terms will boost demand for new mortgages in the second half of this year as homebuyers shrug off higher interest rates, according to a Fannie Mae forecast due later today.
August 21 -
Personalized interactions and streamlined online and mobile services distinguished the banks at the top of the heap in Temkin Group's customer service ratings.
August 21 -
CHICOPEE, Mass. Alden Credit Union has now opened its third branch over the past four months.
August 20 -
MEDFORD, Ore. The Internet and online banking may be affecting branch networks, but one person says that branch locations are still critically important especially when consumers are searching online for a new financial institution.
August 20 -
The Consumer Financial Protection Bureau said Tuesday that it is suing Morgan Drexen, a debt-relief provider, for false marketing a month after the same company filed suit against the CFPB.
August 20 -
The meaning of the term "underbanked" has evolved considerably over the last 30 years, and its definition today makes little sense.
August 20 -
FNBH desperately needs capital after regulators shot down a plan that had a hefty percentage of debt. The company is hoping an equity infusion by a big investor will help it get on track.
August 20 -
Visa and MasterCard will pursue a multibillion-dollar price-fixing settlement over retailer swipe fees as opposition to the deal reached a level that would have allowed the card firms to walk away, according to one of the companies.
August 20 -
The Online Lenders Alliance wants the group that manages a U.S. payment system to clarify warnings on illegal use of the network by payday-loan firms, saying the message is posing a threat to legitimate business.
August 20 -
Delmar Bancorp is giving up a 40% stake in itself to an outside investor, who will cancel Tarp shares he won in a Treasury auction. The investor will also invest cash and forgive unpaid Tarp dividends.
August 20 -
Reports of suspected fraud received by the Financial Crimes Enforcement Network fell by 25% last year, to just under 70,000, according to the regulator's report on fraud filings for 2012, released Tuesday.
August 20 -
The chief executive of Golden Pacific Bancorp in Sacramento has left the company.
August 20 -
A new Baltimore federal court filing shows that more than $2.9 million was seized by the Department of Homeland Security from Mutum Sigillum LLC, a U.S. subsidiary of Tokyo-based Bitcoin exchange Mt. Gox, in May.
August 20



