Consumer banking
Consumer banking
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WASHINGTON A group of retail trade associations and large retailers wants the Supreme Court to review the Federal Reserve Board's recent cap on debit card swipe fees that merchants say is higher than the fee limit envisioned in the Dodd-Frank Act.
August 18 -
Executives at Tangerine and Moven are dousing themselves with ice water to raise awareness for Lou Gehrig's disease, and posting their videos on Facebook.
August 18 -
Preferred Bank in Los Angeles has recovered a large chunk of a loan it had given up on. The $1.9 billion-asset company said a $5.6 million loan that had been put in nonaccrual status was paid off Friday.
August 18 -
Highlands Bankshares in Abingdon, Va., has elected a new chairman and president.
August 18 -
The industry is objecting to a recent Consumer Financial Protection Bureau blog post that calls into question the transparency of agreements between colleges and financial institutions that offer student products.
August 18 -
Second liens were the toughest nonperforming home loan asset to find a buyer for in the secondary market. Now, there are some aggressive buyers, but many holders of these assets -- especially banks -- are reluctant to sell.
August 18 -
The Financial Services Roundtable is accusing the Consumer Financial Protection Bureau of potentially spreading misinformation through the bureau's consumer complaint database.
August 18 -
AB Acquisition LLC, an Idaho-based company that owns and operates several supermarket chains, reported confirmed that customers' credit and debit card data may have been compromised in a data breach.
August 18 -
Pathfinder Bancorp in Oswego, N.Y., could raise nearly $27 million through a second-step conversion.
August 18 -
The Connecticut company was an early adopter of branch modernization, starting an effort four years ago that has led to the closure of underperforming locations, enhanced digital offerings and use of universal bankers.
August 18 -
The Federal Housing Finance Agency banned banks and mortgage servicers from accepting commissions on force-placed insurance policies issued by affiliated companies. At least one mortgage servicer, Ocwen Financial, has found a way around the ban.
August 18 -
First Interstate BancSystem, in Billings, Mont., will appeal a Montana state court jury's verdict that the company pay about $17 million in compensatory and punitive damages from a dispute with a former customer.
August 18 -
PricewaterhouseCoopers LLP was fined $25 million after sanitizing a report to regulators on sanctions and money-laundering controls for Bank of Tokyo-Mitsubishi UFJ Ltd., New Yorks top bank regulator said Monday.
August 18 -
Americans are spending more in 2014 compared to a year ago, apparently driven by Baby Boomers - although that generation is not necessarily spending for the things they want, according to a recent Gallup poll.
August 18 -
Jesse Powell knew Mt. Gox was not long for this world more than two years before the once-dominant bitcoin exchange went bankrupt in February. Powell founded a competitor, Kraken, which is now in talks to offer services in Japan
August 18 -
Four Oaks Fincorp in Four Oaks, N.C., has raised $24 million through a rights offering.
August 18 -
After commercial mortgage-backed security delinquencies declined for 15 straight months, this streak came to an end in July.
August 15 -
Stephen E. Dowd, the chief financial officer of CMS Bancorp in White Plains, N.Y., has died. The $273 million-asset company announced Dowds unexpected passing in a press release on Friday.
August 15 -
An investor has filed a lawsuit to block the merger deal between the two First Citizens banks in the Carolinas, which are controlled by the Holding family. The case could turn on whether the directors on the special committees that reviewed the deal were truly independent of the Holdings.
August 15



