Consumer banking
Consumer banking
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Pinnacle Financial Partners (PNFP) in Nashville has repaid the remaining $71.6 million of the $95 million it received from the Treasury Department's Troubled Asset Relief Program in December 2008.
June 21 -
The State National Bank of Big Spring in Texas is leading a lawsuit against the Consumer Financial Protection Bureau, becoming the first known community bank to file a lawsuit against the agency.
June 21 -
Citigroup branch has now received LEED certification on 200 facilities.
June 21 -
Banks are entitled to a profit. Customers are entitled to value for their money. Financial products can be designed, marketed and priced to satisfy both parties' needs.
June 21 -
The operators of an allegedly deceptive mortgage modification business will pay more than $750,000 to settle Federal Trade Commission charges. The settlements also permanently ban the defendants from selling any mortgage-assistance relief products.
June 21 -
Wells Fargo (WFC) will outsource an unspecified number of jobs in its institutional retirement division to India and the Philippines as part of a broader cost savings initiative.
June 21 -
The risky practices at and implicit taxpayer guarantee for systemically dangerous megabanks are driving consumers to community-based banks.
June 21 -
Palmetto Bancshares in Greenville, S.C., is shedding more than $40 million of problem loans as part of its ongoing effort to clean up its balance sheet and return to profitability.
June 21 -
Financial regulators Thursday said they are prepared to take action against banks and other mortgage servicers that don't give the proper help to military homeowners forced to move to a new duty location
June 21 -
PHILADELPHIA – American Heritage FCU opened a new branch inside a ShopRite in Rexborough, which was remodeled recently.
June 20 -
LA CROSSE, Wis. – Altra FCU announced it will expand into the Rochester, Minn., market with a new branch.
June 20 -
Freddie Mac raised its estimate for 2012 originations to $1.45 trillion in its latest economic and housing market outlook, citing lower expected 30-year rates. Freddie previously had forecast that 2012 would end with a total of just $1.3 trillion in originations.
June 20 -
JPMorgan Chase has decided to step on the bandwagon of megalenders refusing to participate in FHA "streamline" refinancings that are outside of their current servicing portfolios.
June 20 -
George L. Engelke Jr. has resigned as chairman of Astoria Financial (AF), ending his long tenure with the Lake Success, N.Y., company that included a 22-year run as its chief executive officer.
June 20 -
John Kanas' BankUnited seems like a small threat now, but Capital One fought hard to protect its standing in the prized Northeastern market down the road.
June 20 -
FirstBank of Lexington, Tenn., has named its chief banking officer as its new president.
June 20 -
Schiff Hardin in Charlotte, N.C., just created Schiff Hardin Strategic Advisers to help banks distance themselves from past problems and prevent them from reoccurring. The firm is led by two former Wachovia executives.
June 20 -
The Federal Trade Commission charged a telemarketing operation with running a deceptive investment scheme that took in at least $10 million from mostly elderly consumers, many of whom invested their retirement savings buying precious metals on credit without knowing the costs and risks.
June 20 -
A San Antonio community bank owned by the family of prominent businessman Tom Benson is acquiring another small bank in what would be its first-ever acquisition.
June 20 -
Taylor Capital Group (TAYC) in Rosemont, Ill., is expanding its mortgage unit by hiring more than 60 retail mortgage professionals from Amera Mortgage in Milford, Mich.
June 20


