Consumer banking
Consumer banking
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Bank of America was sued by the Justice Department over allegations that it lied to investors about the riskiness of the loans backing a 2008 mortgage deal.
August 6 -
Are banks destined to become trusted repositories for personal information as some pundits predict or is the notion utter nonsense? That was one hot topic of conversation during a recent Twitter Chat hosted by American Banker on the future of banking. The publication's BankThink editors discuss.
August 6 -
WINCHESTER, Va. Navy FCU opened a second building at its member service center here, a short distance from its Vienna, Va., headquarters, where it plans to add as many as another 450 jobs.
August 6 -
Bitcoin fanatics and skeptics met under the same roof at a recent event in New York. Now that the digital currency is recognized under guidance from Fincen and bitcoin users established a self-regulating organization, entrepreneurs and payments-industry veterans are finding some common ground.
August 6 -
Zions Bancorp. (ZION) in Salt Lake City plans to issue as much as $195 million in debt through its online broker-dealer subsidiary.
August 6 -
Bank of America Corp. (BAC), the second-largest U.S. lender, told Pennsylvania regulators that it will cut 209 jobs from a unit servicing troubled mortgages.
August 6 -
The Federal Reserve Board has terminated an enforcement action against Belt Valley Bank in Belt, Mont.
August 6 -
The Federal Deposit Insurance Corp.'s online training for community bankers now includes an eight-video module on how institutions can manage their exposure to fluctuating rates.
August 6 -
The bank wants to make acquisitions in central Florida, but CEO Michael Micallef keeps hitting snags with loan books, cultural fit and deal structure.
August 6 -
Allegiance Bancshares has agreed to buy the $220 million-asset Independence Bank. Both are in Houston.
August 6 -
Capital One (COF) and Fifth Third (FITB) are the only two banks that received perfect scores for transparency according to a study of checking-fee disclosures released Tuesday by WalletHub, a personal-finance website.
August 6 -
Coinbase, a Bitcoin digital wallet provider, has launched a microtransactions feature to allow its customers to transfer small amounts between accounts for free.
August 6 -
The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) continued its decline in 2013, dropping to 4.09% through the end of the second quarter, nearly 26% lower than the year-ago period. Since last quarter, the mortgage delinquency rate has fallen 10%.
August 6 -
Republic First Bancorp (FRBK) will allow customers to access funds at Allpoint Network ATMs without paying service fees.
August 6 -
BankFinancial (BFIN) in Burr Ridge, Ill., reported a decrease in quarterly profit because of lower net interest income.
August 6 -
Quarterly earnings at Meta Financial Group (CASH) in Sioux Falls, S.D., came in above analysts' estimates due to growth in revenue from loans and the company's payments system.
August 6 -
Baylake (BYLK) in Sturgeon Bay, Wis., has agreed to sell $26 million in deposits from two branches to 1st National Bank of Berlin in Wisconsin.
August 6 -
WASHINGTON There are more than 7 million borrowers in default on federal or private student loans, according to the Consumer Financial Protection Bureau.
August 5 -
Lawmakers have accused Raj Date, the Consumer Financial Protection Bureau's former No. 2, of lobbying his old employer and profiting from a mortgage rule he wrote. Yet ethics experts, and even some of those who formerly accused him of wrongdoing, now say the charges are bogus.
August 5




