Consumer banking
Consumer banking
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A number of recent deals in the state could spur more Virginia banks to buy or sell. However, big out-of-state buyers are unlikely to get involved because there are few large targets left.
June 19 -
Contradictory regulations, such as the CFPB's QM standards and HUD's new fair lending rules, inhibit banks ability to devote resources to their businesses.
June 19 -
Deutsche Bank reached a settlement with the city of Los Angeles to resolve a lawsuit claiming the bank acted like a "slumlord" and let foreclosed homes in low-income neighborhoods fall into disrepair.
June 19 -
The big five servicers technically passed the first test of their compliance with the $25 billion national mortgage settlement, but four of them failed to meet at least one requirement and the settlement's monitor received nearly 60,000 complaints.
June 19 -
The Consumer Financial Protection Bureau is spending too much on top officials' salaries, travel and a planned office renovation, Republicans said during a House Financial Services subcommittee hearing on Tuesday.
June 18 -
Taylor Capital Group (TAYC) in Chicago has hired David Drury, a General Electric Capital executive, to head sales and capital markets for its equipment-finance unit.
June 18 -
Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, is asking for an investigation into claims that Bank of America purposefully delayed borrowers from entering the Home Affordable Modification Program.
June 18 -
Think you have time to wait to get in the M&A game? Think again, says Lynn Fuller of Heartland Financial in Iowa, who sees the next two years as the time to bulk up his multistate bank before prices soar.
June 18 -
Lawmakers and industry officials continue to issue warnings about the impact of the Consumer Financial Protection Bureau's ability-to-pay rule, despite recent efforts by the agency to amend certain provisions to assuage some industry concerns.
June 18 -
People's Utah Bancorp in American Fork is buying Lewiston Bancorp in Lewiston, Utah.
June 18 -
The OCC's third risk report cited put cybersecurity as the second biggest worry for bankers, right after struggles to maintain revenue.
June 18 -
Former collection agency executive Patrick Pinto pleaded guilty Tuesday to one count of conspiring to commit bank bribery while he was an executive of Oxford Collection Agency, according to Deirdre M. Daly, Acting U.S. Attorney for the District of Connecticut.
June 18 -
Intervest Bancshares bid successfully for some of its own shares in a recent Treasury Department auction.
June 18 -
Credit card chargeoff rates declined in May, defying the usual seasonal pattern. Loan growth remains elusive.
June 18 -
Small-business owners are feeling more bullish about the economy than they have in three years, a new Citigroup (NYSE: C) study has found.
June 18 -
Chris Sawyer, an executive at Altrust Financial, says there are several factors behind the companys decision to merge its banks.
June 18 -
M&T had delayed plans to buy Hudson City Bancorp because of the Federal Reserve's compliance concerns, and an order made public Tuesday details what the Buffalo, N.Y., company has to fix.
June 18 -
Even great bankers cannot succeed when forced to compete in a market with an influx of new banks and a shortage of skilled bankers, wise directors, and experienced regulators.
June 18 -
Capital One Financial (COF), the lender that agreed to pay $210 million to settle U.S. charges of deceptive marketing of credit-card products, hired the nation's top immigration official to head compliance operations.
June 18 -
Two collection agencies in Western New York have announced a merger. Terms of the deal were not disclosed.
June 18




