Consumer banking
Consumer banking
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The decision to terminate a shared-loss agreement with the Federal Deposit Insurance Corp. boosted third-quarter profits at East West Bancorp in Pasadena, Calif.
October 22 -
Texas Capital Bancshares in Dallas reported just a modest uptick in third-quarter profits as higher compensation costs and deposit insurance assessments largely offset strong loan growth.
October 22 -
F.N.B. Corp. in Pittsburgh reported higher third-quarter profit, citing growth in commercial loans and leases and consumer loans.
October 22 -
Mortgage servicer Ocwen Financial failed four servicing tests in the second half of 2014. Joseph A. Smith Jr., the monitor of the $25 billion national mortgage settlement, said the Atlanta servicer was beginning to show progress in complying with terms of the 2012 agreement.
October 22 -
Industry representatives are howling about the lack of consumer benefit from the Durbin amendment, but we still know very little about the impact of the debit fee cap.
October 22 -
Sprint will pay $2.95 million in penalties to settle FTC charges that it failed to give proper notice to consumers who were placed in a program for customers with lower credit scores and charged an extra monthly fee.
October 22 -
More than 6.9 million U.S. residential properties were classified as seriously underwater at the end of the third quarter, a drop from the second quarter and from one year ago.
October 22 -
Furthering efforts to bring virtual currency mainstream, cryptocurrency companies and trade groups are teaming up to create a forum to aid law enforcement in weeding out criminal activity.
October 22 -
The Federal Deposit Insurance Corp. is set to vote Thursday morning on a proposal that would force big banks to bear the assessment burden of growing the agency's federal reserves to a new minimum.
October 22 -
Beneficial Bancorp in Philadelphia has agreed to buy Conestoga Bancorp in Chester Springs, Pa.
October 22 - Minnesota
Low interest rates continue to constrain growth at TCF Financial in Wayzata, Minn.
October 22 -
Skills Fund, which has raised $11.5 million in seed capital, is one of several lenders targeting students hoping to boost their salaries by quickly learning how to write computer code.
October 22 -
Third-quarter results have been decidedly mixed: while the largest banks have been knocked off balance by volatile markets, many regionals have charged forward.
October 22 -
WASHINGTON Credit risk is once again taking center stage with regulators after several years in which they warned banks about operational risk and other threats.
October 22 -
"We are reaching that point in the cycle where credit risk is moving to the forefront" of regulatory concerns, Comptroller Thomas Curry warned Wednesday.
October 21 -
Community & Southern Holdings in Atlanta used private equity to buy 14 banks over six years. The time had come to become a seller and give those investors an opportunity to eventually cash out.
October 21 -
Dime Community Bancshares in Brooklyn, N.Y., said that Kenneth Mahon will succeed Michael Devine as its president on Jan. 1.
October 21 -
The head of the Consumer Financial Protection Bureau warned software vendors that they face new scrutiny from regulators for causing mortgage lenders to miss the TRID-compliance deadline. He was vague about how far the CFPB might go, but many in the industry are prone to fear the worst.
October 21 -
Washington Federal in Seattle reported higher profit in its fiscal fourth quarter, citing a record level of commercial loan originations.
October 21 -
The Georgia company is ready to return to buying banks, but it isnt looking for a game changer. Rather, management wants to ease into consolidation by acquiring a smaller institution.
October 21




