Consumer banking
Consumer banking
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Community bankers are urging lawmakers to pressure the Internal Revenue Service into withdrawing a proposed rule that would require U.S. banks to report to the IRS any interest paid on deposit accounts of nonresident aliens.
June 3 -
Ohio's Liberty Savings Bank is exiting its home state and selling its 16 branches there to First Financial Bancorp of Cincinnati, tripling First Financial's footprint in Dayton.
June 3 -
Debt buyer Portfolio Recovery Associates Inc. (PRA), based in Norfolk, Va., has announced the launch of a program designed to help individuals who have been victims of identity theft.
June 3 -
Banks thinking of scaling back loyalty programs should carefully weigh how to do it, because getting it wrong can alienate customers, even if they're still getting something for free.
June 2 -
Due to a noncompete agreement, John Kanas must remain hands-off for a while after BankUnited buys Herald National in New York. When that noncompete expires, watch out.
June 2 -
Eager to lower its overhead, Hampton Roads Bankshares Inc. in Norfolk, Va., will close nine branches this year and move customers' accounts into other nearby branches.
June 2 -
Huntington National Bank is committing $2 billion to help jumpstart Michigan's sputtering economy.
June 2 -
Despite the loss of some advantages under Dodd-Frank, the grandfathered unitary thrift holding company still offers more flexibility than the financial holding company variant.
June 2 -
The $3.6 billion-asset thrift company said this week that its lender, U.S. Bank, has given it another six months to repay a $116.3 million loan that was due to be paid off May 31.
June 2 -
Republic Bancorp Inc. in Louisville is exiting the Bowling Green, Ky., market and selling its branch there to a local rival.
June 2 -
Tennessee Commerce Bancorp Inc. in Franklin will not be required to restate its 2010 earnings after all, but it is under orders to boost its capital ratios.
June 2 -
Xenith Bancshares Inc. of Richmond, Va., is adding market share in its hometown with a deal to acquire the lone Virginia branch of Paragon Commercial Bank in Raleigh, N.C.
June 2 -
BankUnited Inc. of Miami Lakes, Fla., is expanding into the New York market with a deal to acquire Herald National Bank for $71.4 million in cash and stock.
June 2 -
The CEO and founder of the company behind the "wealth-building" program “Winning in the Cash Flow Business,” has been charged by the Federal Trade Commission with defrauding consumers.
June 2 -
INDIANAPOLIS – Crane FCU has joined Credit Union Centers’ shared branch network, allowing its members access to more than 4,200 networked branches across the country, including 275 in Indiana and Illinois.
June 1 -
MANHATTAN BEACH, Calif. – Kinecta FCU, already the biggest check cashing outlet in Southern California, said it is opening a new mortgage center in nearby Newport Beach to fuel its expanding home loan business.
June 1 -
Rep. Darrell Issa, the chairman of the House Oversight Committee, is calling Elizabeth Warren back to the Hill for a second hearing following a dispute with a subcommittee chairman last week.
June 1 -
New York State is considering legislation that would carve out an exception for check cashers from its 25% cap on interest rates for short-term loans, a move consumer advocates say is a backdoor attempt to allow payday lending in the nation's third-most populous state.
June 1 -
BankAtlantic, the Fort Lauderdale, Fla., subsidiary of BankAtlantic Bancorp, plans to release a mobile banking application for smartphones that run Google's Android software.
June 1 -
I've found that one of the great things about being in the banking industry is that it gives us both opportunity and reason to learn about how various businesses operate.
June 1



