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Anchor BanCorp Wisconsin in Madison said it expects to save about $5.4 million yearly after it completed an employee buyout, sold a branch, closed six branches and introduced a new branch staffing model.
July 1 -
The Consumer Financial Protection Bureau is ordering two vendors that sell credit card add-on products to pay nearly $10 million in combined fines and restitution for allegedly charging consumers for services never rendered.
July 1 -
Riverview Financial in Harrisburg, Pa., has promoted its president to chief executive after its previous CEO retired, and delayed its planned acquisition of a western Pennsylvania community bank.
July 1 -
PayPal, Amazon, Square and American Express have all built new businesses by extending credit to merchants that already rely on their payment networks. Their client relationships give them certain advantages over banks, marketplace lenders and others.
July 1 -
BancorpSouth in Tupelo, Miss., has again extended the deadline to complete its acquisitions of Central Community in Temple, Texas, and Ouachita Bancshares in Monroe, La.
July 1 -
LAWRENCEVILLE, Ga. Peach State FCU here has merged with Richmond Community FCU, an $18 million-asset credit union based in Augusta, Ga., effective Wednesday.
July 1 -
After testing Messenger person-to-person payments in New York City, Facebook has expanded the money transfer service to the entire U.S.
July 1 -
The narrowing gap between what large and small lenders pay in guarantee fees to Fannie Mae and Freddie Mac has helped the industry's smallest originators grow their share of mortgages sold to the government-sponsored enterprises.
July 1
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Always-connected workers report feelings of guilt as well as privacy concerns around the use of mobile devices for personal matters at work, and vice versa. Bank CIOs are facing this challenge with software tools and mobile device management policies.
July 1
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Federal regulators have unveiled a much-anticipated tool meant to help institutions assess their own cybersecurity systems.
July 1
