Consumer banking
Consumer banking
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In a Q&A on the eve of the CFPB's first anniversary, Director Richard Cordray explains why consumer complaints should be publicly released, and why the pending qualified mortgage plan needs more time.
July 9 -
State regulators this afternoon approved the merger of Massachusetts State Employees CU, a troubled one-time $77 million credit union in Boston, into giant Metro CU in adjacent Chelsea, Mass.
July 9 -
Old National Bancorp (ONB) in Evansville, Ind., has named a former chief justice of the Indiana Supreme Court to its board.
July 9 -
Matthew Wagner, the company's CEO, says a decision to sell 10 branches to Opus Bank will help the usually acquisitive PacWest cut costs.
July 9 -
Provided it kept costs in line and has no bad surprises to announce Friday, Wells Fargo could steal some of the glow normally monopolized by JPMorgan Chase during earnings season.
July 9 -
The Consumer Financial Protection Bureau took two major steps toward reshaping the nation's residential mortgage market Monday, proposing revised mortgage disclosure requirements as well as stricter limits on high-cost loans.
July 9 -
Consumer credit climbed more than forecast in May, led by the biggest jump in credit-card debt in almost five years that may signal Americans are struggling to make ends meet.
July 9 -
Eagle Bancorp's (EGBN) Ronald D. Paul is adding another job to his list of responsibilities.
July 9 -
Loans made through the Small Business Lending Fund continued their climb in the first quarter, rising by $433 million compared with the fourth quarter of 2011, the Treasury Department said.
July 9 -
First State Bank of St. Charles in Missouri is looking to expand into the Kansas City area with two new offices.
July 9 -
If a senior mortgage executive tells you "there's nothing to worry about, we've got exceptional controls and a great track record in measuring and managing mortgage servicing rights," it is probably worth getting a second opinion.
July 9 -
Instead of excessive scrutiny of what Jamie Dimon says about the company's $2 billion-plus trading loss, time might be better spent in analyzing JPMorgan Chase's mortgage revenue, net interest margins and sources of long-term profits — and what it all says about the future of banking.
July 9 -
The Treasury Department will auction off its stakes in a dozen more banks as it works to aggressively wind down the Troubled Asset Relief Program.
July 9 -
In a bid to avoid the regulatory capture that's crippled other agencies, the Consumer Financial Protection Bureau is hiring outside the usual places and thinking outside the box.
July 9 -
UBS analysts downgraded Visa (V) and MasterCard (MA) stocks to "sell" ratings on Monday, citing weaker U.S. and global economic data.
July 9 -
The pressure to merge is strong. But plenty of small banks are still viable, and rushing to do a deal could be just as risky as waiting.
July 9 -
The Federal Deposit Insurance Corp. has terminated a consent order with Northwest Savings Bank that had required the Warren, Pa., bank to strengthen various parts of its consumer compliance management system.
July 9 -
The Consumer Financial Protection Bureau has received mostly positive reviews. But complaints of inexperienced examiners and confrontational exams stem from the fledgling agency's effort to set itself apart from traditional banking regulators.
July 9 -
Labeling a quarter of the U.S. population as un- or underbanked may be derisive, but naming rights still go to those who control the financial services market banks.
July 9 -
Banks are worried that the Federal Deposit Insurance Corp. is placing too much emphasis on the stressful years of the financial crisis in determining lenders' concentration of high-risk loans.
July 9





