Consumer banking
Consumer banking
-
American Airlines Federal Credit Union announced Tuesday that it has chosen the Episys core processing system of Jack Henry & Associates.
March 6 -
Nationstar Mortgage and an affiliate company, Newcastle Investment Corp., have agreed to acquire roughly $63 billion in mortgage servicing rights from Aurora Bank FSB, a subsidiary of the bankrupt Lehman Bros.
March 6 -
A New York investment group that is planning to buy a Long Island community banking company has agreed to pay the seller a $500,000 break-up fee if the oft-delayed deal is not completed by the end of this month.
March 6 -
Encore Bancshares is the latest Texas bank to sell itself for a nice price, even as bank M&A stutters outside the state.
March 6 -
U.S. Bancorp is offering a new iPad app that will allow stores to offer instant credit to customers.
March 6 -
A Texas banking company formed two years ago to acquire distressed or failed banks is buying its first healthy bank.
March 6 -
Some tweaks to its travel-related fraud-protection strategies helped an Iowa credit union last year reduce its credit card charge-offs by 16%.
March 6 -
The threat of an economic setback is real despite general optimism, warns Joseph Ficalora, the chief executive of New York Community Bancorp.
March 6 -
-
-
Park National Corp. in Newark, Ohio, has tapped an insider to succeed John Kozak when he retires as chief financial officer next year.
March 5 -
After suffering losses on real estate loans for three straight years, Patriot National Bancorp in Stamford, Conn., has now turned a profit in two consecutive quarters.
March 5 -
At least 17 states are considering bills to create some form of state-owned bank. Backers say such a bank would partner with community banks and strengthening lending. Opponents believe forming the bank would be costly and redundant with what banks already offer.
March 5 -
The Consumer Financial Protection Bureau added yet another product line to its consumer complaint system Monday, signaling its priority on using new tools to collect consumer feedback.
March 5 -
Eagle Bancorp of Bethesda, Md., has opened its fourth office in northern Virginia and is planning to establish a fifth later this year.
March 5 -
American Express, which is trying to expand beyond the affluent customers it normally lends to, is testing the sale of prepaid cards in some Wal-Mart stores.
March 5 -
Hundreds of municipalities are passing ordinances that could cost banks and others billions of dollars to register and maintain troubled homes that may never reach foreclosure.
March 5 -
Bank of America issued just $7.9 billion of GNMA-backed MBS in the fourth quarter, a 71% plunge from the same period in 2010, according to new figures compiled by National Mortgage News and the Quarterly Data Report.
March 5 -
Deposit-rich U.S. banks will seek out more opportunities to lend to small businesses this year as they look to grow revenue, a new survey from a consulting firm predicts.
March 5 -
Every now and then some doomsday cultist predicts the end of the world, but it doesn't occur. No big news.
March 5





