Consumer banking
Consumer banking
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HONOLULU – Aloha Pacific FCU has installed a new ATM at the First Insurance Center in Kakaako.
January 18 -
HUNTSVILLE, Ala. – The Huntsville City Council awarded Rocket City FCU a 10-year lease to place ATMs in City Hall and the Municipal Justice and Public Safety Center.
January 18 -
EL SERENO, Calif.-The match was perfect, according to the owner of a coffee shop that had lost its lease-a credit union looking for a branch location and a charter school seeking an alternative revenue stream.
January 18 -
The financial services industry has witnessed mergers and acquisitions of the country’s largest banks, the collapse of some of the most trusted financial icons, the mortgage meltdown and government bailouts - namely TARP. All of this has taken place in the past 18 month.
January 15 -
The government seized banks in three states late Friday, bringing the failure total in the new year to four.
January 15 -
Capitol Bancorp Ltd. continued its selling spree, on Friday announcing its 10th deal since May.
January 15 -
Pacific Capital Bancorp Inc. has completed the sale of its tax division to a private-equity firm but said it is "highly unlikely" that the deal would let its tax-preparation partners offer more tax loans this year.
January 15 -
Quick Collect Inc., a collection agency in Portland, Ore., did not violate the Fair Debt Collection Practices Act (FDCPA) while trying to collect from a consumer, a U.S. Court of Appeals ruled this week. The decision upheld an opinion issued by a U.S. District Court judge in Washington.
January 15 -
An estimated 20,000 to 25,000 collection lawsuits filed in Maryland will be dismissed as a result of the collapse of legal collection giant Mann Bracken LLP, Maryland District Court Chief Judge Ben Clyburn's office confirmed today. Clyburn made the decision to dismiss the lawsuits after learning the firm had notified district court clerks across the state that it will shut down by the end of this month.
January 15 -
The Federal Reserve has ordered Old Southern Bank in Orlando to find a buyer or increase its equity in the next month.
January 15 -
BOULDER, Colo. – Elevations CU, which has a branch in the University of Colorado’s Memorial Center, equipped its ATM with a voice guidance system that provides instructions to the user through a built-in audio port.
January 14 -
California regulators have approved three more mergers of failed state-chartered credit unions.
January 14 -
Bank consultants say the double denial could signal that the significantly undercapitalized Amcore is running out of options and that without dramatic action to restore its languishing capital the bank's days could be numbered.
January 14 -
Here’s a sobering economic indicator: freshly charged off consumer debts are now selling for what tertiary debts — those previously placed with two collection agencies — commanded just a few years ago.
January 14 -
First Midwest Bancorp Inc. in Itasca, Ill., on Thursday announced the pricing of its public offering, of 16.4 million shares of common stock.
January 14 -
The average credit score for U.S. consumers dropped six points to 671 at the end of December from 677 at the beginning of the year, according to a report released this week by Credit Karma Inc., a San Francisco-based company whose Web site tracks credit scores. Credit Karma based its data on some 87,000 Credit Karma users. Average credit scores have remained stable since October, the firm notes.
January 14 -
Nearly three million homeowners received at least one foreclosure filing in 2009, setting a record for the number of people falling behind on their mortgage payments, according to RealtyTrac, an online marketplace for foreclosure properties, and its Foreclosure Market Report.
January 14 -
The Federal Reserve has ordered the Orlando, Fla.-based Old Southern Bank to either find a buyer or increase its equity within the next month.
January 14 -
Old National Bancorp of Evansville, Ind., said Wednesday that its fourth-quarter results would take a hit from a $12 million loss on a "non-real-estate loan participation."
January 13 -
The $4 billion-asset company in Rockford, Ill., announced in a Securities and Exchange Commission filing Wednesday that the Office of the Comptroller of the Currency rejected the company's Dec. 4 capital plan for its Amcore Bank unit, saying it was not based on realistic assumptions.
January 13



