Consumer banking
Consumer banking
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Gary "Litefoot" Davis, a member of the Cherokee Nation in Oklahoma and a music and on-screen personality, was named executive director of the Native American Financial Services Association.
September 28 -
Kim Kaselionis saw a lot of small-business-loan applications die on her desk when she was a bank chief, so she started a crowdfunding firm to nurse along startups till they were bankable. That's where Fresno First comes in.
September 28 -
First Internet Bancorp in Fishers, Ind., has issued $25 million in subordinated debt and intends to use the proceeds to support its rapid growth and perhaps for future acquisitions.
September 28 -
USAA has expanded its voice-controlled digital assistant to PC users. The move is just another example of how banks are increasingly relying on bots to help serve their clients.
September 28 -
ST. LOUIS Risk management is critical as small banks aim to make money in a low-rate environment.
September 28 -
The Wells Fargo cross-selling controversy has raised questions about its well-telegraphed succession plan. Tim Sloan, the company's president, has been the heir apparent, but his longtime association with Wells could be a problem if investors or regulators push for an outsider to overhaul the corporate culture.
September 28 - Tennessee
First Tennessee Bank in Memphis announced Wednesday that it will commit $1 million to Operation Hopes new HOPE Fund to offer free financial literacy education in low-income communities.
September 28 -
CU Bancorp in Los Angeles has agreed to a consent order to address deficiencies in its Bank Secrecy Act and anti-money laundering compliance program.
September 28 -
If stories like the Wells Fargo scandal are repeated at other institutions, U.S. banks could soon experience the same reputational and regulatory fate of their cousins in the United Kingdom.
September 28 -
A new wave of exciting innovation is presenting businesses with opportunities to improve processes and the consumer experience.
September 28 -
Royal Bank of Scotland Group agreed to pay $1.1 billion to settle the first of three major U.S. mortgage-backed securities probes the bank must overcome before it can resume dividend payments.
September 28 -
The Chamber of Digital Commerce has opened a new outpost in the nation's capital. But instead of looking for a staid law office, the bitcoin advocacy group formed a partnership with the local incubator 1776 to launch the DC Blockchain Center.
September 28 -
Wells Fargo Chief Executive Officer John Stumpf will forfeit $41 million of stock, plus some salary, as the bank's board investigates the company's bogus-account scandal.
September 27 -
The Wall Street firm believes that its gold-plated brand will help attract middle-class borrowers.
September 27 -
Marketplace lenders' share of the consumer and small-business loan markets is small now, but is expected to grow substantially in the coming years. Banks looking to get in on the action have two choices: team up with these established players that have already perfected the technology or try to beat them at their own game.
September 27 -
Lenders are starting to bring artificial intelligence into their lending processes. Some wonder whether the machines can make rational, unbiased choices.
September 27 -
New York MTA has put business with Wells Fargo Securities and approval as a senior manager for bond transactions on hold pending its review of the banks practices, following revelations that Wells Fargo bank employees secretly created accounts without clients approval
September 27 -
Bank of Southern California in San Diego has agreed to sell $7 million of its common stock to the asset management firm Castle Creek Capital.
September 27 -
The parent company of the consumer lender LendUp has been fined more than $6.3 million by the Consumer Financial Protection Bureau and the California Department of Business Oversight for overcharging borrowers and violating payday and installment lending laws.
September 27 -
Concerns about cross-selling run deeper than the risk of misbehavior. The practice also has a questionable economic rationale.
September 27




