Consumer banking
Consumer banking
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PITTSBURGH – Century Heritage FCU, one of 19 local institutions sued by a legally blind consumer over the ATM provisions of the Americans with Disabilities Act, has agreed to upgrade its ATMs over the next three months to provide adequate access to the blind in exchange for dismissal of a class action suit.
June 11 -
The Consumer Financial Protection Bureau has launched a review of alleged discrimination in auto lending. Bankers fear it will opt for punitive enforcement over rules to prevent misconduct.
June 11 -
Berkshire Hathaway Inc. (BRK/A), the holding company run by billionaire Warren Buffett, offered to buy Residential Capital LLC's mortgage unit.
June 11 -
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Zions Bancorp. (ZION) will auction off up to $200 million of senior notes this week to repay its federal aid or other debts.
June 11 -
Autonomous Research in London has recruited Guy Moszkowski and Brian Foran to start its U.S. unit later this year.
June 11 -
The Treasury has commenced another auction of Tarp holdings. At least banks are planning to use the auction as an opportunity to retire preferred shares that will carry a 9% interest rate in late 2003.
June 11 -
In the years during and after the financial crisis, American families' net worth decreased to levels not seen since 1992. Regulators cited home equity declines as the primary reason behind the drop.
June 11 -
RENO, Nev. — Members of Sparks City Employees FCU approved the merger of their ailing one-time $16 million credit union into Great Basin FCU, the state's eighth-largest credit union.
June 11 -
The New York firm, formed 50 years ago, survived a tragic setback during the terrorist attacks of 2001.
June 11 -
The Treasury Department began to sell stakes it holds in seven banks that received bailout funds at the height of the financial crisis, continuing the slow process of winding down the Troubled Asset Relief Program.
June 11 -
The California company announced the opening of its first full-service U.K. branch a day after a key British official lamented in a column that European banks lack the capacity to help the nation's businesses grow.
June 11 -
Words like "oppressive" and "harsh" have been replace recently by terms like "fair" and "cooperative" in bankers' descriptions of how examiners are treating them. Thanks to go mostly to the improved condition of many institutions.
June 11 -
Georgetown Bancorp in Massachusetts has snagged two JPMorgan Chase (JPM) bankers for its mortgage origination team.
June 11 -
TriCo Bancshares (TCBK) of Chico, Calif., has named a former Countrywide Bank executive as its chief risk officer.
June 11 -
Continental Bank Holdings of Plymouth Meeting, Pa., has raised $16.5 million through a private placement.
June 11 -
Occupy protestors staged sit-ins at a foreclosed home in Minneapolis that resulted in 20 arrests. Problem is, the homeowners had vacated the property weeks before the protestors arrived.
June 11 -
In a rare do-over, members of Montana First CU are being asked again to approve the merger of the state's oldest credit union into Washington's Horizon CU in nearby Spokane Valley, a combination rejected by the membership in January.
June 11 -
A Utah-based debt collection agency has settled charges brought by the Federal Trade Commission that it exposed sensitive information on its computers and networks to security risks by failing to implement reasonable security measures.
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