Consumer banking
Consumer banking
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Credit card delinquencies fell to their lowest mark in 17 years in the second quarter, the sixth consecutive quarterly decline, as consumers remained cautious about taking on more debt and issuers held on to their conservative approach to lending, according to TransUnion.
August 16 -
Kennesaw State University has entered into a partnership with mobile money start-up TreasureCom to develop and market banking applications for mobile phones.
August 16 -
U.S. consumers sued an estimated 563 different collection agencies in the July 16-31 period, according to data pulled from U.S. District Courts. The half-month total is up from 539 in the July 1-15 period but down from 634 in June's second half.
August 16 -
Credit card delinquencies fell to their lowest point in 17 years in the second quarter as consumers remained cautious about taking on more debt and issuers continued their conservative approach to lending, TransUnion says.
August 16 -
David Stevens' record as a disciplinarian at the FHA seems based on inflated action counts at the agency, according to HUD's own statistics.
August 15 -
Extreme weather and rising feed and fuel costs across the Midwest crimped spending on farm equipment during the second quarter, according to a Federal Reserve survey published Monday.
August 15 -
Cardtronics has entered into a definitive agreement to acquire Access To Money for $21 million.
August 15 -
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Starbucks changed its mind about allowing a customer to share his prepaid card with the world.
August 15 -
A survey of loan officers released by the Federal Reserve Board said that lending standards today are tighter for a variety of business and consumer loans than at any time since 2005.
August 15 -
S1 and ACI Worldwide are each trying to win over shareholders in their ongoing merger feud. The Vendors on Monday tried to influence how S1's shareholders will vote for its pending merger with Fundtech.
August 15 -
As Bank of America and other large banks try to dispose of unwanted credit card assets, they are fueling a slow revival in card portfolio M&A — and creating opportunities for smaller banks to get back into the issuing business.
August 15 -
The FDIC's return to black has led to calls for banks to get back some of the prepayments they made into the agency's Deposit Insurance Fund.
August 15 -
Suffolk Bancorp in Riverhead, N.Y., is planning to restate its earnings for third and fourth quarters of 2010, as well as for the full year, after its audit committee determined that portions of the loan-loss provision it took in this year's first quarter should be applied to prior quarters.
August 15 -
One bank postponed its initial public offering because of recent volatility, and others stock offerings could be delayed for weeks or months. It was bad timing for banks trying to get the jump on weakened competitors.
August 15 -
ISIS, the telecom consortium intent on offering a mobile payment scheme, is building out a wider range of mobile wallet capabilities to keep up with its aggressive rival, Google.
August 15 -
Losses at First Financial Services Corp. mounted in the second quarter after the Elizabethtown, Ky., company set aside an additional $13 million to deal with problem loans.
August 15 -
Looking to trim its overhead, West Coast Bancorp in Lake Oswego, Ore., is planning to close three of its roughly 62 full-service branches by the end of November.
August 15 -
Google's acquisition of Motorola Mobility Holdings strengthens the search giant's mobile payment plans.
August 15





