Consumer banking
Consumer banking
-
The Federal Home Loan Bank System is seeking an exemption from pending risk-retention rules so the Home Loan banks can continue to provide risk-sharing mortgage programs that they claim have exhibited "superior credit performance" for more than a decade.
August 11 -
Wealth management firms rushed to reassure clients after the U.S. downgrade. Top retail banks and credit card lenders left their customers out of the loop.
August 11 -
-
There is a particular segment of the underbanked population that every financial institution should focus on. Young adults, defined as anyone between the ages of 18 and 25, represent a valuable segment of potential customers for a couple of reasons.
August 11 -
Heritage Bankshares Inc. said Thursday that it had completed a $7.8 million investment transaction in the Small Business Lending Fund program.
August 11 -
The Federal Reserve this week took action against four banks, including three written agreements and the issuance of a prompt corrective order against Bank of the Eastern Shore.
August 11 -
MasterCard has promoted Debra Janssen to managing director of its Access Prepaid Worldwide subsidiary.
August 11 -
Though Simple Finance Technology's BankSimple has yet to launch, it is becoming an early adopter with the technology it uses to open accounts and vet new customers.
August 11 -
The online bank has (begrudgingly) started offering customers paper checks. Like credit cards, its checkbooks must be activated before using.
August 11 -
The article "Bankers Fear 'Witch Hunt' in Government Pursuit of Fair Lending Cases" [Aug 2] chronicles the response of bankers, advocates, the Department of Justice itself, and others to "an aggressive push by the Justice Department to investigate fair lending claims..." and "...the launch last year of a special fair-lending unit within Justice's civil rights division...investigating claims of bank discrimination in their credit policies."
August 10 -
AUSTIN, Texas – University Federal Credit Union (UFCU) here said it will open three branches by deploying a tellerless environment.
August 10 -
Community bankers have a chance to have our issues heard over the next few months on the national front.
August 10 -
Mortgage servicers slowed the pace of proprietary loan modifications in the second quarter.
August 10 -
Jeffrey Rosenberg, head of global credit research at Bank of America Corp., has left the largest U.S. lender to join BlackRock Inc., according to a person familiar with the move, who declined to be identified because it hasn't been announced.
August 10 -
He's a big investor in banks, and as such, John Paulson's rough year is getting rougher.
August 10 -
Bank of America Corp. won a $5.2 million judgment against the Irish developer Garrett Kelleher and his Shelbourne Development Group Inc. for defaulting on a loan for the planned 150-floor Chicago Spire condominium tower.
August 10 -
-
Neither the questions nor the answers lived up the hype during the 90-minute public conference call hosted by investor Bruce Berkowitz.
August 10 -
Comerica had the lowest cost of deposits in the first quarter among a group of large bank holding companies, and Discover ranked last. Still, cheap funding is not a sufficient condition for profitability.
August 10 -
HSBC is selling a card business for an 8.75% premium. It may be time for Citi to cut its price on a similar portfolio.
August 10



