Consumer banking
Consumer banking
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Bank of Commerce Holdings in Redding, Calif., has beefed up its payroll processing capabilities by acquiring a small payroll firm in its hometown.
August 29 -
It all seemed so simple. The cause of the financial crisis was that private label securitizers of subprime mortgage loans weren't required to "have enough skin in the game," so Dodd-Frank would require them to retain 5% of the risk.
August 29 -
The bank said in a press release that it would use the proceeds to further strengthen its capital position, support growth strategies and for general corporate purposes.
August 29 -
ICBA says fair-lending actions overstep legal authority by focusing outside a bank's CRA assessment boundaries.
August 29 -
In 2008 the Democratic nominee raised far more money from Wall Street than John McCain. But for 2012, the financial industry is favoring Mitt Romney over the incumbent president.
August 29 -
Community bankers say they'll continue offering free checking for the foreseeable future, even if they're not entirely happy about it. If they followed the big banks by adding fees or changing terms, "we'd lose the accounts," says one local banker.
August 29 -
U.S. Bancorp will add more than 300 employees in St. Louis by the end of the year largely to support its growth of mortgage lending in the area, according to a report in the Minneapolis/St. Paul Business Journal.
August 29 -
Verizon Wireless, AT&T Inc. and T- Mobile USA plan to invest more than $100 million in their joint venture that lets consumers pay for goods with mobile phones, people with knowledge of the project said.
August 29 -
The Western Union Co. announced Monday that it has formed a new division that will develop new payments products and services for its consumer and business clients.
August 29 -
Consumers have filed 7,923 lawsuits against collection agencies and creditors this year through August 15, a record-setting pace that easily tops the 7,169 lawsuits filed through the year-ago period.
August 29 -
BARSTOW, Calif. – Alaska USA FCU is building a branch inside a Vons supermarket to be closer to its members.
August 28 -
MINNETONKA, Minn. – U.S. FCU has agreed to sell its 30,000-square-foot office building on Wayzata Blvd. for $2.7 million.
August 28 -
The Government National Mortgage Association said Friday that it is expanding the parameters for loans to be repuchased from its trusts to include those that have successfully completed a three-month trial payment period.
August 26 -
Not only are residential loan applications booming, but nonbank lenders increasingly are tapping their warehouse providers for additional credit.
August 26 -
Rates for borrowing and lending securities in the repurchase-agreement market rose Friday and investors sought to extend maturities on concern power outages and closings of mass transit would keep traders home after Hurricane Irene struck.
August 26 -
Visa and other financial companies are taking steps to prevent possible disruptions from Hurricane Irene.
August 26 -
The Federal Reserve Board said Friday it will hold three public hearings on Capital One Financial Corp.'s proposed $9 billion purchase of online bank ING Direct USA.
August 26 -
The $3.4 billion-asset company announced last week that it paid $600,000 for a ham — the grand champion ham at the 48th Kentucky Country Ham Auction, an annual charity event.
August 26 -
With the Eastern Seaboard bracing Friday for the arrival of Hurricane Irene, the FDIC told banks to look in the not-too-distant past for how to deal with damaging storms.
August 26 -
Technology company Tio Networks Corp. has developed software for "reverse ATMs" that collect money from lower-income customers instead of dispensing it.
August 26




