Consumer banking
Consumer banking
-
Applicants for credit cards, auto loans and mortgages are more frequently being told "No," and the reason appears to be more about lenders' new marketing efforts than stricter underwriting or weaker credit profiles.
November 18 -
Montana's biggest bank will have to compete in cities such as Seattle and Portland, Ore., after buying Cascade Bancorp. But the company is arguably more excited about its chances to grow in central Oregon and Idaho, which are more like its existing markets.
November 18 -
Sen. Jeff Sessions is one of the marijuana industry's staunchest foes. He could upend efforts by the Obama administration to persuade banks that it is safe to work with cannabis firms.
November 18 -
In the days of diskettes, Quicken was an innovator. Now, the personal financial manager aims to reclaim its glory days as it targets the 35-and-older crowd.
November 18 -
Fifth Third Bancorp in Cincinnati has expanded its community development pledge to $30 billion.
November 18 -
From recycling programs to LEED-certified branches and energy-efficiency loans for members, credit unions have found a wide variety of ways to go green for the sake of the planet.
November 18 -
Banks should focus on strategies to ensure their sales incentives programs actually help drive profits. Otherwise, their rewards programs are at risk of adding zero benefit to their bottom line.
November 18 -
The $1.1 billion-asset company said in a press release Friday that Richard Riccobono had also joined the board of unit First Financial Diversified Corp.
November 18 -
Smaller banks risk falling behind if they do not make space for financial innovation, Comptroller of the Currency Thomas Curry warned Friday.
November 18 -
First NBC Bank Holding in New Orleans said in a press release Thursday that its bank entered into a consent order with the Federal Deposit Insurance Corp. and the Louisiana Office of Financial Institutions on Nov. 10.
November 18 -
Simmons First National in Pine Bluff, Ark., has agreed to buy the parent of First South Bank in Jackson, Tenn.
November 18 -
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.
November 18 -
The Independent Community Bankers of America has asked a federal judge to reject a motion by the National Credit Union Administration petitioning for the dismissal of a lawsuit filed by the ICBA that challenges recent revisions to the agency's member business lending regulation.
November 17 -
The $9 billion-asset First Interstate said in a press release Thursday that it will pay $589 million, or $7.60 a share, for the $3.2 billion-asset Cascade.
November 17 -
NewDominion Bank in Charlotte, N.C., has a new president. The $325 million-asset bank said in a press release Wednesday that Tim Ignasher will also lead its commercial banking division.
November 17 -
Abington Bank in Massachusetts is planning to merge with Holbrook Co-operative Bank in Massachusetts.
November 17 -
Home BancShares in Conway, Ark., said in a press release Thursday that its bank has been declared the winning bidder for Bank of Commerce in Sarasota, Fla., as part of a bankruptcy auction.
November 17 - Maine
Banks already have a difficult time collecting data on mortgage lending to minorities. New data requirements scheduled to take effect in early 2018 could lead to even more mistakes and financial penalties not to mention higher compliance costs and longer delays in closing loans.
November 17 -
Carter Bank in Virginia had been enjoying record profit until it was ordered to beef up Bank Secrecy Act compliance. The institution is the latest community bank to take a hit from enhanced oversight.
November 17 -
Behavioral biometrics has already stopped several million dollars worth of online banking fraud at National Westminster Bank in London.
November 17







