Consumer banking
Consumer banking
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Kearny Financial in Fairfield, N.J., is moving ahead with its second-step conversion after getting approval from the Federal Reserve Board.
March 16 -
Lending groups are demanding the Consumer Financial Protection Bureau take down its mortgage rate calculator, arguing it is providing misleading information to consumers.
March 16 -
Nomura Holdings Inc. and Royal Bank of Scotland Group Plc helped fuel a bubble that led to the collapse of the U.S. housing market, an attorney for the Federal Housing Finance Agency said at the opening of a trial over defective mortgage-backed securities.
March 16 -
A former chief financial officer at Cooperative Bank in Roslindale, Mass., has filed a whistle-blower lawsuit against the mutual thrift, alleging he was fired after complaining about conflicts and mismanagement.
March 16 -
Westamerica Bancorp. probably expected little trouble when it asked for regulatory permission to close a small branch in northern California. Wrong! Welcome to the world of online petitions and social media.
March 16 -
Despite turmoil in the auto loan market - delinquencies are up, more people are losing their cars to repossession - Santander Consumer USA still had few problems finding buyers last week for a bond deal consisting of auto loans to credit-troubled borrowers.
March 16 -
The Newton (Iowa) Community School District will hire an outside collection agency to help recover an estimated $50,000 owed to the district in overdue food-service accounts.
March 16 -
Frank Hamlin, CEO of Canandaigua National, suggested in a recent letter to shareholders that N.Y. Attorney General Eric Schneiderman's cases against Financial Institutions Inc. and Evans Bancorp were politically motivated.
March 16 -
The dress was casual. The presentations were edgy. But representatives of Capital One's innovation lab made it clear to the South by Southwest crowd that it's not exactly like the startups it wants to hire away from.
March 16 -
Tangible book value was considered nearly sacred after the financial crisis. With the economy improving, investors are becoming more tolerant of acquirers diluting tangible book value for accretive deals.
March 16 -
BMO Harris is adding cashless ATM access to 750 machines, enabling customers to withdraw cash using a smartphone application instead of a plastic card.
March 16 -
A recent Supreme Court decision means that one exemption to the Fair Labor Standards Act does not apply to mortgage salespeople, but their employers might still be able to take advantage of other exemptions.
March 16 -
BMO Harris is adding cardless ATM access to 750 machines, enabling customers to withdraw cash using a smartphone application instead of a plastic card.
March 16 -
One of the most successful startup banks in a generation is turning over its keys to a California bank. Institutional ownership and the prospect of slower growth may have prompted Square 1 to make the deal.
March 16 -
Subprime consumer lending has reached its highest levels since the beginning of the financial crisis. Is the business, having failed to heed the lessons of the financial crisis, primed for another disaster?
March 16 -
EverBank Financial in Jacksonville, Fla., has announced the share price of a secondary public offering by two institutional stockholders.
March 16 -
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An expected rush of refinancings of Federal Housing Administration loans could force some mortgage servicers to take writedowns in the first and second quarters, but they have more incentive than ever to keep borrowers in the FHA program instead of letting rivals lure away their customers.
March 13 -
Four Star Resolution in Buffalo, N.Y., one of two collection agencies in Western New York facing lawsuits from the Federal Trade Commission and the New York Attorney Generals office for allegedly abusive tactics, wants a judge to remove a restraining order preventing it from doing business.
March 13 -
Ed DeMarco, the former chief regulator of Fannie Mae and Freddie Mac, warned that efforts under the Obama administration to expand access to credit could risk repeating mistakes that led up to the crisis.
March 13




