Consumer banking
Consumer banking
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A large number of card-fraud arrests in October prompted some to predict that chip-card technology could soon put an end to such crimes. Not so fast. Even in the best-case scenario, it would be several years before the technology could make a meaningful dent in skimming fraud in the U.S.
October 31 -
SunTrust said Monday that it will eliminate the monthly check-card fee on its Everyday Checking account, joining a growing list of banks shunning the charges. It said all clients who incurred the fee, which was rolled out in June, would receive a refund.
October 31 -
Independent Bank Corp. in Ionia, Mich., reported a third-quarter loss of $5.2 million, showing some improvement from a year earlier.
October 31 -
1st Mariner Bancorp in Baltimore announced another quarterly loss and the resignation of its bank president, Daniel McKew. Mark Keidel, who is the president of 1st Mariner Bancorp and the chief operating officer of both the company and the bank, succeeded McKew.
October 31 -
Suffolk Bancorp in Riverhead, N.Y., is slowly making its way through accounting and regulatory issues that hung over the company for more than year.
October 31 -
Photos of a Halloween office party at a foreclosure law firm, obtained by the Times' Joe Nocera, are nearly as appalling as the Abu Ghraib torture pics.
October 30 -
FAIRVIEW PARK, Ohio – The city council last week approved a pre-construction, seven-year tax abatement for the United Telephone CU for the construction of new administrative offices at the site of the former Cleveland Motel.
October 30 -
FORT WAYNE, Ind. - Fire Police City County FCU has acquired two former Sonic fast-food drive thru restaurants where it will build new branches.
October 30 -
Wells Fargo & Co. became the largest big bank to abandon plans to start charging customers for using their debit cards, in the wake of a widespread backlash against new bank fees.
October 28 -
Bank of America's recent announcement that it plans on charging most of its customers a $5 monthly fee to make debit card purchases has touched off a firestorm of protest across the country. And for good reason. For most Americans, who have already paid dearly for the economic mess touched off by risky bank practices, this latest fee just adds insult to injury.
October 28 -
The Illinois Department of Financial Institutions closed the $37.8 million-asset All American Bank in Des Plaines on Friday.
October 28 -
In some countries people are executed for "fighting against God." But in the U.S. the penalty for fighting against the government is less harsh. The market often exacts the appropriate penalty—for instance, in the case of Durbin.
October 28 -
First Business Financial Services Inc. in Madison, Wis., reported third-quarter earnings of $2.2 million, more than double its profit from a year ago, thanks to strong revenue and margin growth.
October 28 -
First Financial Holdings, of Charleston, S.C., defied the odds by completing its sale of $200 million of problem loans in a dicey economy. Better yet, it booked a $20 million gain.
October 28 -
It's not just banks that are raising prices after changes to the rates that merchants pay to accept debit cards — on Thursday, Coinstar's Redbox DVD rental service said debit fees are driving its prices up by 20 cents a day. Other kiosk-based businesses may have to follow its example.
October 28 -
After three straight years of losses, Citizens Republic Bancorp Inc. in Flint, Mich., reported its second-straight profitable quarter for the three months that ended Sept. 30, thanks largely to improved asset quality and a double-digit increase in commercial and industrial loans.
October 28 -
NCR's acquisition and pension costs contributed to a decrease in third-quarter profits. But the chief executive of the ATM and kiosk maker expects two recent purchases, combined with continued demand worldwide, to generate strong long-term growth.
October 28 -
Green Dot Corp. is licking its lips over banks' new debit card fees, but the prepaid card company still doesn't know quite how large its eventual meal will be.
October 28 -
Central Pacific Financial Corp., which lost more than $364 million in 2009 and 2010, has now made money in three straight quarters as the Honolulu company continues to shed problem assets.
October 28 -
Bankers are pushing the CFPB to provide a safe harbor for its rule to require lenders to verify a borrower's ability to repay a mortgage loan, but consumer groups are warning the agency not to go that far.
October 28



