Consumer banking
Consumer banking
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Prepaid companies have lowered their card fees over the past few years, but now regulators may give the still-fractured industry another push towards simpler prices.
May 30 -
FORT WAYNE, Ind. – 3Rivers FCU unveiled technology at the former Tower Bank branch it is renovating it said is designed to provide easily accessible information, speed up loan applications and eliminate paper.
May 29 -
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Kip Weissman, partner with law firm Luse Gorman Pomerenk & Schick in Washington, says handful of shareholder spats around the country shows how more insurgent investors in small banks are "looking for a sale" to "make a nice return."
May 29 -
Wells Fargo & Co. (WFC) said Tuesday it will pay $7.5 million to the city of Memphis and Shelby County, Tenn., and the city and county have agreed to drop a foreclosure-related lawsuit against the nation's largest mortgage lender.
May 29 -
Delinquencies have continued to decline, pointing to chargeoff rates that could be 40 to 90 basis points lower in the third quarter than they were in the first quarter at the Big Six.
May 29 -
State Bank & Trust in Fargo, N.D., is changing its name to avoid confusion with the dozens of banks in its markets that have similar names.
May 29 -
Gerald Host, Trustmark's CEO, expressed confidence in his company's purchase of BancTrust despite some analysts' concerns about the seller's weak deposit positions in key Alabama markets.
May 29 -
First Financial Northwest in Renton, Wash., and Stilwell Partners are both claiming victory following last week's annual meeting. A representative for the activist shareholder has threatened a legal challenge if its nominee isn't added to the board.
May 29 - Oregon
Wells Fargo (WFC) is planning to add up to 200 jobs at its call center in Salem, Ore., and M&T Bank (MTB) of Buffalo, N.Y., intends to hire as many as 30 new employees in the Albany, N.Y., area, according to local news reports.
May 29 -
Politicians and regulators want taxpayers to believe two things: first, that financial crisis had multiple complex causes mostly related to excessive risk-taking, conflicts of interest and deregulation — a view unconvincingly supported by the exculpatory 662 page summary Report of the Financial Crisis Inquiry Commission; second, that public regulation is a sisyphean task requiring the 2313 page Dodd-Frank Act. This diagnosis and prescription are both wrong.
May 29 -
The Center for Plain Language, a watchdog group, says the bank's merchant card payment-processing agreement was the worst thing written by any company, charity or government agency in the past year.
May 29 -
The House Financial Services Committee is set to vote on a bill that would benefit just one institutions: Emigrant Bank, whose CEO Howard Milstein has made contributions to many of the bill's co-sponsors. And people wonder why Americans are cynical about politicians.
May 29 -
Two directors have resigned, and the Floyd, Va., company's CEO is on administrative leave. Those departures come less than a week after a coalition of angry investors led by Douglas Schaller replaced half of the six-member board.
May 29 -
TD Retail Card Services has agreed to create and administer the private-label credit card program for Canadian furniture retailer Bombay & Co.
May 29 -
The Federal Reserve Board has given a Premier Bank in Denver 90 days to become adequately capitalized or sell itself.
May 29 -
Freddie Mac acquired almost $26 billion of residential loans during April, a steep 38% decline from the month prior, a sign that originations may be slowing — or that the GSE is losing business to its cross-town rival.
May 29 -
SunTrust Mortgage hired former MetLife Home Loans executive Linda Steiner as a regional wholesale manager based in the Pacific Northwest.
May 29 -
Bank of America (BAC) has expanded its wealth management and estate planning to include services that help customers plan for concerns related to aging and long-term care.
May 29




