Consumer banking
Consumer banking
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Brad Sherman of California and Gregory Meeks of New York are worried the proposed accounting standard for recording loan losses will reduce access to credit for small businesses and low- and moderate-income communities.
December 12 -
Owners of firms that employ only themselves would prefer to use loans or lines of credit, but more often than not they resort to credit cards, according to a new Fed report. Is this a missed opportunity for banks?
December 12 -
Millyard Bank aims to become the state's second post-crisis de novo. Primary Bank opened in 2015.
December 12 -
The $180 million acquisition is the first for Berkshire since the sudden departure of CEO Michael Daly.
December 12 -
A CFPB report says the bank is the most expensive bank for college students; lenders would be banned from mailing high-interest loans disguised as checks.
December 12 -
The credit union stalwart purchased Mirador, which is heavily dependent on bank relationships. The challenge now is keeping those clients in the fold.
December 12 -
The $25.5 billion-asset company has also restructured its securities portfolio as part of a broader effort to reduce costs and improve profits.
December 12 -
CUNA Mutual, a service provider to credit unions, recently bought Mirador, which is heavily dependent on bank relationships. The challenge now is keeping those clients in the fold.
December 11 -
The Financial Accounting Standards Board is requiring all companies to record leases for property and equipment on their balance sheets. Here’s how that revision could affect banks’ loan decisions — and their own capital ratios.
December 11 -
Balances from the 52 branches Flagstar bought from Wells Fargo fell by 22% between the deal's announcement and closing, forcing the Michigan company to adjust the math for earning back tangible book value.
December 11 -
The idea that deposit brokers are trying to game the deposit insurance system and could contribute to another crisis is outdated.
December 11 -
Nadine Murray, who had worked for JPMorgan Chase's consumer bank, will guide strategy for Even Financial. It creates APIs that are meant to make its services the digital version of branches and agents.
December 11 -
Associated will gain low-cost deposits and branches in 13 new markets after the deal closes.
December 11 -
Jason Brown explains why his company, Tally, helps consumers by paying their monthly balances, providing advice and offering a lower-rate credit line.
December 11 -
Nearly 60% of people thinking about switching banks would be open to banking with a big tech company if they ever get that option. Cash incentives or existing savings accounts are big factors in consumer decisions — and things that banks could keep in mind in their efforts to recruit or retain customers.
December 10 -
Wells Fargo charges students nearly four times as much in fees as banks without college marketing agreements, according to an internal report by the Consumer Financial Protection Bureau.
December 10 -
Several challenger banks are trying to relieve consumers’ financial stress by offering tools that guide better habits.
December 10 -
The former head of Heritage Oaks Bancorp says she relishes a chance to reinvent Luther Burbank, a thrift that wants to make more commercial loans — a shift she has deftly orchestrated before.
December 10 -
On Sep. 30, 2018. Dollars in thousands.
December 10 -
On Sep. 30, 2018. Dollars in thousands.
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