Consumer banking
Consumer banking
-
How ironic to see banks complain about being victimized by nuisance lawsuits filed by consumers over missing warning notices at ATMs notices that were required to stop banks from victimizing consumers with nuisance charges at ATMs.
July 12 -
The lawsuit, filed on behalf of a Baton Rouge, La., man suffering from Alzheimer's disease, accuses a banker from JPMorgan Chase of using a debit card to steal $300 a day for more than a year.
July 12 -
Colony Capital LLC is one of the winning bidders on a Fannie Mae REO sale sponsored by the Federal Housing Finance Agency, according to bidders and other sources familiar with the matter.
July 12 -
San Bernardino County is weighing a controversial plan to use eminent domain to modify underwater mortgages, even as the countys largest city seeks bankruptcy.
July 12 -
A fraud case that contributed to the recent failure of Montgomery Bank in Georgia could lead to more regulatory scrutiny when community banks look for outside investors.
July 12 -
Wells Fargo — the nation's largest funder of home mortgages through loan brokers — is calling it quits on wholesale lending, dealing yet another devastating blow to this struggling origination channel.
July 12 -
Commerce Bancshares in Kansas City, Mo., reported second-quarter income of $74.3 million, up more than 7% from a year earlier, as credit quality continued to improve.
July 12 -
Wells Fargo (WFC), the largest U.S. mortgage lender, will pay $125 million to settle federal claims it violated fair-lending laws, according to a person with direct knowledge of the agreement.
July 12 -
Lenders are notifying more delinquent homeowners they face foreclosure, a step toward clearing a backlog of properties and helping to accelerate a housing recovery, according to RealtyTrac.
July 12 -
Georgetown Bancorp in Massachusetts has raised $11 million and completed its conversion to a stock-owned firm from a mutual holding company.
July 12 -
GREENWOOD VILLAGE, Colo. – Bellco CU celebrated its newly relocated downtown Denver branch with a grand opening this week, the third branch opened by the $2-billion credit union so far this year.
July 11 -
TULSA, Okla. – Oklahoma Central CU celebrated its new headquarters and branch Tuesday at the former site of the historic Camelot Hotel, which was torn down nearly five years ago.
July 11 -
ST. PAUL, Minn. – Affinity Plus FCU has rolled out a new branch format that it said transforms member service reps into “multi-purpose member advisors.”
July 11 -
A new museum exhibit chronicles the history of New York's banking scene.
July 11 -
Vintage Bancorp, in Leon, Kan., on Wednesday canceled its deal for CornerBank, in Winfield, Kan.
July 11 -
San Bernardino County is forging ahead with deliberations on a proposal to seize underwater mortgages, despite its largest city's decision to seek bankruptcy. But industry members say the bankruptcy could interrupt funding for the plan.
July 11 -
The pace of bank mergers slowed in the second quarter, but deal announcements still rose about 15% in the first half from a year earlier, according to SNL Financial.
July 11 -
An unsolicited offer by PacWest added jet fuel to the shares of First California, strengthening its hand in a takeover deal of its own and bolstering management's effort to stay independent.
July 11 -
Dozens of small banks have substantially increased commercial and industrial lending over the past few years. Supervisors are worried that some may be chasing unfamiliar business down a blind alley.
July 11 -
The nation's largest credit union is pushing loan participations, which could help credit unions make more loans despite existing regulatory caps.
July 11






