Consumer banking
Consumer banking
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The amendment by Sen. Richard Durbin, D-Ill., has been steadily attracting support but was attacked this week by a range of groups, including community bankers and credit unions, who argued it threatens their ability to issue debit cards.
May 13 -
ShoreBank just might make it after all. A recapitalization plan for the embattled lender is coming together, with some of the country's largest banks — such as Citigroup Inc., Goldman Sachs Group Inc. and Bank of America Corp. — along with insurance companies and foundations working to try to prevent its failure, sources said.
May 13 -
"They are completely in the thrall of the American Bankers Association and the credit card companies," the Illinois Democrat told reporters at a Capitol Hill press conference.
May 13 -
The Ohio General Assembly is considering legislation to keep payday lenders from trying to make up revenue shortfalls by hitting consumers with various fees.
May 13 -
POUGHKEEPSIE, N.Y. – Hudson Valley FCU plans to open a branch in Wallkill, in an office formerly occupied by Eastern New York FCU.
May 12 -
PALO ALTO, Calif. – Addison Avenue FCU has introduced a free visual ATM locator channel on metaio’s 2.0 augmented reality platform.
May 12 -
Far from serving as the fall guy for the financial crisis, the central bank will emerge with its existing powers intact and enhanced authority over systemically risky companies if the current Senate bill becomes law.
May 12 -
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A robust mergers-and-acquisitions market several years ago consolidated hundreds of the smallest banks, those with less than $200 million of assets. Then came the economic downturn, which made them the industry's most vulnerable to failure.
May 12 -
Though it is still addressing significant credit issues, Saehan Bancorp in Los Angeles appears to be on the upswing.
May 12 -
WASHINGTON — While Senate leaders said they would like to complete a vote on regulatory reform legislation this week, that goal is looking increasingly unrealistic.
May 11 -
Despite its cachet in Chicago and deep-pocketed supporters, ShoreBank is running out of time to find the capital it so desperately needs.
May 11 -
WASHINGTON — Once seen as a threat to the Federal Reserve Board's political independence, a compromise version of Sen. Bernard Sanders' amendment in the regulatory reform bill is likely to have milder implications for the central bank than previously thought.
May 11 -
For months now, private-equity executives and bankers have been in opposing camps in the battle for struggling banks. But Jacksonville Bancorp Inc. in Florida showed this week that it's sometimes better to recruit a rival than fight it.
May 10 -
FARMINGDALE, N.Y. – Teachers FCU is opening a new branch tomorrow in Oakdale, the $3.8 billion credit union’s 21st service facility.
May 10 -
TAMPA, Fla. – floridacentral CU is building a new branch in nearby Bradenton, replacing an existing facility.
May 10 -
Small and midsize institutions are showing increased interest in advanced automated teller machines, according to Diebold Inc. and NCR Corp.
May 10 -
GREENWOOD VILLA, Colo-The only thing rarer than a strong CU television commerical is a strong CU TV commercial about shared branching.
May 10 -
WAYNESVILLE, N.C-Champion CU stashed money all over this town to encourage residents to come to the credit union's grand opening.
May 10 -
NASHVILLE, Tenn.-When flooding forced the closing of a half-dozen branches last week here, several credit unions pointed to the relief offered by having shared branches available elsewhere at which members could conduct business.
May 10




