Consumer banking
Consumer banking
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Wilshire Bancorp in Los Angeles has exited the Troubled Asset Relief Program by repurchasing the bulk of its shares it issued to the Treasury Department at a slight discount.
March 29 -
A small Florida bank whose shares are so thinly traded that they are in danger of being delisted is suddenly one of the hottest stocks on the Nasdaq — and its president has no idea why.
March 29 -
New data shows that originations continue to grow in several categories — especially to subprime credit card customers.
March 29 -
Core Innovation Capital, an arm of a nonprofit aimed at helping the unbanked, will devote the $45 million it raised to investments in startup financial services companies. It already has put money into SavvyMoney and Plastyc.
March 29 -
The profile of a typical bank failure has taken on a new shape in 2012, with the combustion of construction loan portfolios giving way business loan blowups.
March 29 -
A New York judge dismissed a suit against Bank of America Corp. (BAC), demanding the bank to take back mortgages sold to investors and alleged to breach wraps and warranties.
March 29 -
Lawmakers grill CFPB chief on various aspects of bureau's work, but begin hearing with harsh review of how he was installed.
March 29 -
The Federal Reserve Board is preparing to release yet another important rule required by Dodd-Frank: how and why fraud occurs in debit card transactions and who should have to pay for it.
March 29 -
Cash is already at the margins of society. Doing away with it might make consumers demand stronger protection of personal data, argues David Wolman, author of "The End of Money."
March 29 -
Bankers should take these red flags into account when assessing corporate credit and vendor risk. No. 1 on the list: when a company's chairman and CEO are the same individual.
March 29 -
The Treasury Department this week appointed directors to join a pair of banking companies that have missed multiple dividend payments tied to the Troubled Asset Relief Program: Intervest Bancshares and First Security Group.
March 29 -
BancorpSouth (BXS) of Tupelo, Miss., has agreed to pay customers $1.75 million to settle a class-action lawsuit related to its overdraft fees.
March 29 -
StellarOne (STEL) in Charlottesville, Va., has started searching for a new president and chief executive after O.R. Barham Jr. notified its board that he would retire at the end of 2013.
March 29 -
Capitol Bancorp's losses narrowed in 2011, but the Lansing, Mich., company remains deeply troubled as its equity deficit continues to widen.
March 29 -
The 2011 complaint data in the Consumer Financial Protection Bureau's (CFPB) recent report to Congress paints an inaccurate portrait of consumer complaints against the third-party debt collection industry, according to ACA International, the largest association for debt collection agencies.
March 29 -
The American Bankers Association is opposed to legislation that would expand a credit union's ability to make small business loans. Last week, ABA members went to Washington and gave lawmakers an earful.
March 29 -
Scores of banks remain in the Treasury Department's Troubled Asset Relief Program more than three years after its inception, and nine states account for more than half of all remaining Tarp participants. Here is a breakdown of those states, with numbers as of Feb. 29.
March 29 -
Toronto-Dominion Bank (TD) plans to open 50 new branches in New York City alone within four years, as the Canadian bank bets heavily on the U.S. to grow future earnings amid tight competition in its home market, its top executive said Thursday.
March 29 -
The former chairman and chief executive at Citizens Republic Bancorp in Flint, Mich., has been elected lead independent director at Royal Bancshares of Pennsylvania.
March 29 -
The Treasury Department on Thursday announced that it lost about $50 million in the public offering of its preferred stock in six smaller banks this week, though the department netted a modest profit when counting dividends and interest paid on the investments over the past three years.
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