Consumer banking
Consumer banking
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When pressed on the AIG bailouts, the administration when on the attack and tried to trivialize a serious area of public concern, says the former Tarp special inspector general.
May 12 -
The Home Affordable Modification Program was so poorly implemented that it accomplished on a fraction of its stated intent, says the former Tarp special inspector general.
May 12 -
Tim Geithner's Treasury Department half-truths, exaggeration and intentional deceptions misled the public about Tarp and the AIG bailout, says the program's former Special Inspector General.
May 12 -
Giant banks pose such a threat to the economy that lawmakers have gone to extreme-and futile-lengths to protect against their failures, says the former Trap Special Inspector General.
May 12 -
Dodd-Frank was tailored to tame giant banks and has left smaller institutions suffering much of the collateral damage, says the former Trap Special Inspector General.
May 12 -
The Justice Department's fear of losing cases and lack of sophistication likely enabled many Tarp fraudsters to get off scott free, says the former Tarp Special Inspector General.
May 12 -
The Fed and Treasury fought fiercely to prevent Americans from learning that the Troubled Asset Relief Program was a giant bailout for banks-not homeowners-says the former Special Inspector General.
May 12 -
The Washington-Wall Street revolving door blinded policymakers to outside concerns and doomed the Troubled Asset Relief Program, says its former Special Inspector General.
May 12 -
TD Bank has agreed to settle a lawsuit over its processing of overdraft fees for $62 million, the bank and plaintiffs' attorneys stated in a court filing late Friday.
May 11 -
As a former banker, I watched in amazement and disgust as the country's largest banks morphed from trusted fiduciaries of customer financial assets to unrepentant predators of consumer financial assets in just a few decades.
May 11 -
After putting its initial public offering plans on ice, Customers Bancorp in Wyomissing, Pa., has placed $270 million of its investment portfolio on the auction block.
May 11 -
As the president challenged Republicans to support his refinancing initiative, his administration quietly backed away from a proposal to pay for the plan by imposing a tax on banks.
May 11 -
The Office of the Comptroller of the Currency has dismissed one of the consultants overseeing a massive foreclosure review after it discovered a conflict of interest in outside work the company has performed.
May 11 -
Deutsche Bank AG agreed to pay $202 million to settle Justice Department civil allegations that its MortgageIT unit lied to maintain access to federal housing-loan financing.
May 11 -
First California Financial Group's decision to turn down a buyout offer from PacWest Bancorp (PACW) has angered at least one of the company's largest shareholders.
May 11 -
Financial institutions are going toe-to-toe to capture new customers—and the fight is getting downright dangerous.
May 11 -
Many banks reported strong loan production in the first quarter, but most bankers acknowledged that overall loan demand remains tepid and that the activity is largely a result of stealing business from rival banks.
May 11 -
Faced with losing key commercial clients, a number of community banks are looking to lower loan pricing by offering floating rates. By doing so, bankers are putting themselves at risk if the Fed aggressively raises interest rates.
May 11 -
I guess I'm tired of reading and hearing banks and their managements cursed, ridiculed and extolled for causing the financial meltdown and economic crisis. It seems that most everyone from Washington to the "Occupy" groups wants a piece of banking's hide for the pain of this recent experience.
May 11 -
The head of Sovereign Bank's cards and payments division describes his recent experiment of going cashless for a day — and where he hit a jam. He spoke at the annual Card Forum and Expo.
May 11











