Consumer banking
Consumer banking
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Why stop at just one digital wallet? American Express plans to allow users of its digital wallet, Serve, to link their account to another digital wallet, Isis, a venture of several U.S. carriers.
May 10 -
ROCKVILLE, Md. — Branchless-Realtors FCU, billed as the first virtual credit union when it was chartered by the National Association of Realtors three years ago, is throwing in the towel and plans to merge into Northwest FCU, the $2.2 billion credit union in nearby Herndon, Va.
May 10 -
The Consumer Financial Protection Bureau wants banks to collect all customer complaints in one unified, companywide database, a lawyer at Santander's Sovereign Bank said on Thursday morning.
May 10 -
Chris Peterson recently suggested cities should require payday lenders to describe themselves as "predatory" on storefront signs. Now he's a senior counsel to the CFPB.
May 10 -
The agency is working on rules to make home lending more transparent and on a lot of other things too.
May 10 -
Meta Financial Group (CASH) in Storm Lake, Iowa, announced Thursday that it has raised $13.2 million in three separate private placements and that the proceeds would be used to beef up its capital reserves and fund growth at both its retail bank and payments unit.
May 10 -
After benefiting from the acquisition of a failed bank in 2011, First Citizens BancShares’s (FCNCA) first-quarter earnings were down more than 42%, to $35.5 million, from a year earlier.
May 10 -
The Consumer Financial Protection Bureau detailed rules Wednesday that would impose new limits on origination points and fees, and prohibit certain kinds of originator compensation.
May 10 -
The National Reverse Mortgage Lenders Association has asked a federal regulator to craft a 'qualified mortgage' rule specifically for private reverse mortgages.
May 10 -
Timothy Murphy, MasterCard's chief product officer, said in an interview that the network has "transitioned" from its credit card roots to become a fuller-service payments company.
May 10 -
In a largely party-line vote, the House adopted an amendment that would bar the Justice Department from excluding mortgage bond investors from any future settlement talks.
May 9 -
MONTGOMERY, Ala. – Guardian CU has opened its first branch outside of the Montgomery/Prattville area, in Tallahassee, Ala.
May 9 -
LAKELAND, Fla. -- MidFlorida FCU has canceled plans to restore the 93-year-old federal building in downtown Lakeland, saying the project became too complicated and expensive.
May 9 -
The $5.4 billion-asset company's aggressive pursuit of First California and American Perspective may inspire others to abandon the traditional courtesies of the bank deals market.
May 9 -
American Express' approach to prepaid has hardly been by-the-book, but its latest step is to partner with Barnes & Noble on a new reloadable card.
May 9 -
Clifton Savings Bancorp (CSBK) in New Jersey said Wednesday that it is making a concerted effort to increase its lending in low- and moderate-income neighborhoods so that it can improve its Community Reinvestment Act rating and follow through with its plan to become a 100% stock-owned company.
May 9 -
Hawthorn Bancshares (HWBK) in Lee's Summit, Mo., has repaid $12 million of the $30.2 million in funds it received under the Troubled Asset Relief Program.
May 9 -
PlainsCapital's relatively weak price may give aspiring sellers a reason to pause, though industry observers say there are reasons why this deal failed to meet the hot premiums that other Texas banks have commanded.
May 9 -
In their path-breaking 2009 book "This Time Is Different: Eight Centuries of Financial Folly" economists Carmen Reinhart and Kenneth Rogoff conclude it never is.
May 9 -
Angry shareholders and protesters pelted CEO Brian Moynihan with insults and complained about everything from Countrywide to coal ash. Drama aside, management prevailed in shareholder votes on executive pay and other matters.
May 9




