Consumer banking
Consumer banking
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It really is a great time to be a credit risk officer, but many people might think that is an absurd statement.
August 22 -
Efforts to reach a settlement that would end the long-running probe of foreclosure practices are snagged over whether banks will get broad legal immunity from state officials for mortgage-related claims.
August 21 -
Since U.S. legislators and regulators failed to learn how banks' shared delusions generate systemic risk, it's not surprising that European banking regulators also missed the point.
August 21 -
Regulators closed banks in Florida, Georgia and Illinois Friday, all in places were many banks have already met their demise. On Thursday, a bank failed in Pennsylvania, one of just a handful to fail in that state in the last few years.
August 19 -
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Bankcard originations hit a three-year high during the first five months of 2011, as banks eased their underwriting standards and started reextending credit to riskier borrowers, according to the credit bureau Equifax.
August 19 -
With wild swings in the stock market, negotiations over protections form big changes in the stock values of buyers and sellers are bogging down an already slow deals market.
August 19 -
The Office of the Comptroller of the Currency closed Lydian Private Bank in Palm Beach, Fla., on Friday. The $1.7 billion-asset bank is the 10th bank to fail in Florida this year.
August 19 -
Modern Woodmen Bank, a relatively small direct bank, had to build and maintain a website that delivers more than what its two tech staffers could handle alone.
August 19 -
B of A's plans to cut 3,500 jobs — and perhaps more — are the tip of the iceberg for the entire industry. Expenses are too high and revenues too low for most banks to avoid layoffs.
August 19 -
The Mortgage Bankers Association raised its 2011 forecast of residential originations on Friday, citing historically low mortgage rates that have ignited refinance activity. But the higher projections do not indicate a recovery in the housing market.
August 19 -
The U.S. credit card charge-off rate rose slightly in July, but delinquencies fell to an all-time low as consumers continued to pay their credit card bills on time, Moody's Investors Service said in a report released Aug. 19.
August 19 -
There is now a gold-rush mentality among developers looking to produce the next hit mobile-payment application. The latest example was a "Pitch That App!" that drew more than 100 participants.
August 19 -
Dearborn Bancorp in Michigan may need to restate its earnings for the quarter that ended June 30 pending the results of its latest examination by the Federal Deposit Insurance Corp.
August 19 -
To survive, capital-starved Community Banks of Colorado has struck a deal to sell 16 branches as well as its name.
August 19 -
American Banker challenged the enforcement record of the FHA under the leadership of former commissioner David Stevens. During this period the program took important steps to reduce its risk.
August 19 -
More mortgage brokers are receiving notices from the FDIC that they may be sued for delivering bad loans to failed banks that were major wholesalers. But FDIC attorneys insist they are not targeting brokers.
August 19 -
While coaching is important, it would appear that leading by example is significantly more important.
August 18 -
PEWAUKIE, Wis. – Wisconsin’s credit unions will operate 95 branches inside elementary and high schools in the state this year, which is 18% of the branches available in the state, according to the Wisconsin CU League.
August 18 -
Sales of single-family existing homes fell 4% in July after a 1% increase in June, but condominium sales were unchanged month over month, according to the National Association of Realtors.
August 18



