Consumer banking
Consumer banking
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Shareholders of Mainline Bancorp Inc. in Ebensbug, Pa., have approved the company's sale to S&T Bancorp Inc.
March 7 -
American Express cardholders will be invited to sync their card accounts with their Twitter accounts, providing an avenue for the customer to easily consume coupons and for American Express to easily learn much more about its customers.
March 7 -
Savannah Bancorp Inc. in Georgia said that one of its bank has entered into a consent order with regulators and now must work to maintain capital levels and reduce problem assets.
March 7 -
Encore Bancshares in Houston had a three-year plan for independence before an offer from Cadence Bancorp provided shareholders with the same value … immediately.
March 7 -
Internet scams were the top consumer fraud complaint in 2011, according to New York Attorney General Eric Schneiderman.
March 7 -
RENTON, Wash. – Alaska USA FCU opened its first branch in the nearby town of Puyallup and its 20th branch in Washington.
March 6 -
The Federal Housing Finance Agency acting director, Edward DeMarco, recently sent to Congress a strategic plan for the next phase of conservatorships of Fannie Mae and Freddie Mac. A new structure for housing finance requires congressional action, yet neither Congress nor the administration has come up with an acceptable plan in the three years since Fannie and Freddie were placed into conservatorship. It's far from clear that the DeMarco plan will get the job done.
March 6 -
Fannie Mae intends to acquire coverage for uninsured borrowers through a carrier of its choosing, it announced on Tuesday. The move would "significantly reduce costs to homeowners, taxpayers, and Fannie Mae," the GSE says, but harm a profitable business for mortgage servicers.
March 6 -
A jury in the U.S. District Court for the Western District of Wisconsin last week returned a unanimous verdict finding Blackhawk Network liable for infringing two InComm patent claims.
March 6 -
Legislation that would let banks appeal examination findings to an outside arbiter has now been introduced in both houses of Congress.
March 6 -
In what could turn out to be a victory for several banks, a New York judge has thrown out a case against TD Bank in which depositors had accused the bank of unlawfully freezing their accounts.
March 6 -
An ongoing drama is unfolding: a David versus Goliath tale of sorts that pits a Riverside, Calif., family fighting to stay in their home against the weight of that elephant, otherwise known as "Freddie."
March 6 -
An American Banker editor couldn't escape banking even on a family vacation to the new LEGOLAND amusement park in Winter Haven, Fla. Welcome to the land of bricks, but no mortar.
March 6 -
Premier Financial Bancorp Inc. in Huntington, W.Va., reported that its fourth-quarter profit rose 5% from a year earlier, to $2.4 million, as operating expenses declined.
March 6 -
The $114 million-asset Clarkston State Bank in Michigan survived the economic downturn by significantly shrinking its assets, selling a stake in another bank and raising $8.5 million of capital. Clarkston's slow recovery could give hope to other struggling banks.
March 6 -
Big banks need passing grades on stress tests and healthy stocks before they start buying, Frank Cicero says.
March 6 -
The credit card unit of TD Bank N.A. is expanding the types of financing it offers for lawn and garden retailers in North America.
March 6 -
The number of foreclosure sales spiked in January, as banks and government agencies started to clear the backlog of properties that have been in the foreclosure process for several years, according to data released Tuesday.
March 6 -
They wont go cold turkey. Surprisingly, the more purchases consumers pay for with debit, the more cash they withdraw. Use ATM screens to get the word out about debits benefits.
March 6 -
Veritec is the latest company to offer a debit card with an "off" switch. It gives cardholders the ability to switch off the account's transaction functions from a Web browser or smartphone.
March 6




