Consumer banking
Consumer banking
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American Express, known for its high-end credit and charge cards, is continuing its push into the growing prepaid debit card market through a partnership with Target.
November 15 -
United Community Financial Corp. in Youngstown, Ohio, narrowed its third-quarter loss by 10% from a year earlier, to $8.9 million, due to improved asset quality.
November 15 -
Lawmakers are near a deal to increase the maximum size of mortgage loans that can be insured by the Federal Housing Administration, a crucial source of mortgages for first-time home buyers, congressional aides said Monday.
November 14 -
CHAMBERSBURG, Penn. -- 1st Ed CU is now live on the PaCUSC shared branching network, so its members can now go to other shared branching locations.
November 14 -
Government-issued payment cards can be fraught with peril, provoking the ire of unemployed and disabled consumers and their advocates, who are increasingly sensitive to being charged bank fees of any kind.
November 14 -
Home sales contracts are falling through at twice the rate of last year, according to new figures released by the National Association of Realtors at its annual convention in Anaheim, Calif.
November 14 -
The Federal Housing Administration, which sold more than 102,000 government-owned homes in fiscal 2011, expects to sell that many again in the new fiscal year.
November 14 -
Rampant data breaches have taught consumers that it is not always wise to store payment data with a third party, but soon such behavior may become the safer way to transact.
November 14 -
Valley National Bancorp in Wayne, N.J., said Monday that it had added two of its senior executives to its board.
November 14 -
The outcome of the Consumer Financial Protection Bureau's 'Larger Participant' rule has the potential to level the playing field between the banking industry and an old rival: Wal-Mart.
November 14 -
State Bank Financial Corp. in Atlanta reported that its third-quarter earnings nearly doubled from a quarter earlier, to $17.1 million, due largely to higher accretion on loans covered by loss-share agreements with the Federal Deposit Insurance Corp.
November 14 -
The City Holding (W.Va.) deal for Virginia Savings was eye-catching for its simplicity, but deals between healthy banks will remain the exception for now.
November 14 -
By boosting its offerings to military personnel, JPMorgan Chase may find itself maneuvering against USAA, which has set the gold standard for serving customers in the armed forces. To succeed, JPMorgan Chase must have the right remote-banking technology in place.
November 14 -
The Justice Department began sending letters Monday to servicemembers who are entitled to $20 million in damages from Bank of America Corp. for alleged violations of the Servicemember Civil Relief Act.
November 14 -
More banks have sold problem assets to private-equity groups this year, while others unloaded their banks in hopes of unlocking the value in nonperforming assets. Some believe selling bad loans to nonbanks could shore up valuations by removing the challenges of regulatory oversight.
November 14 -
There's no "social mandate from heaven to make automobiles affordable for all," says columnist Andrew Kahr. Yet subprime auto has come out of the crisis unscathed. Unlike mortgage lenders, auto financiers didn't fall prey to the assumption that prices would inexorably rise.
November 14 -
Only 13% of U.S. cardholders access their credit card accounts from their smartphone.
November 14 -
Judge Jonathan Lippman, regulator Benjamin Lawsky and Attorney General Eric Schneiderman are standing up to an industry intent on forgetting that the foreclosure crisis affects real people, real lives and real families.
November 14 -
City Holding, one of the largest banking companies based in West Virginia, has agreed to acquire Virginia Savings Bancorp for about $13.4 million, giving it an entrée into Virginia.
November 14 -
Banks should promote NFC as a standard at the retail level because it represents their best chance to maintain relationships with merchants and provide payment credentials to consumers, Zil Bareisis, a senior analyst for Celent, writes.
November 14




