Consumer banking
Consumer banking
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Pockio, a U.K.-based company that re-sells gift cards for cryptocurrency, has expanded the number of brands it offers from 30 to 160 in only a couple of months.
August 14 -
Nearly six months after some CertusBank investors demanded a total management overhaul, the Greenville, S.C., company elected six new board members at an annual meeting last week. Yet investors remain very concerned about the company's ongoing losses and capital levels, new Chairman John Poelker says.
August 14 -
The time spent preparing these reports has increased exponentially over the years, leaving bankers with less and less time to help customers, and communities, prosper. Allowing highly rated banks to file short-form call reports could significantly ease that burden, writes the ICBA's Camden Fine.
August 14 -
TD Bank has added mobile check deposit for its business customers.
August 14 -
CenterState Banks in Davenport, Fla., plans to close additional branches from a recent acquisition.
August 14 - New York
The U.S. Treasury Department said it will cut its stake in Ally Financial Inc. (ALLY) by selling stock on the open market in its first divestiture since an initial public offering in April.
August 14 -
Wells Fargo's mortgage business, the largest in the U.S., is looking to halt a revenue slump by sweetening the payoff for employees amid a shift to new home purchases.
August 14 -
First Citizens BancShares in Raleigh, N.C., has appointed Blake Coules chief risk officer.
August 14 -
Already beset by stagnant wages, growing student debt and competition from investors who are snapping up listings, those looking to purchase moderately priced houses must also provide more cash up front.
August 14 -
Banks can use advanced database marketing techniques to identify current customers who may be shopping for a mortgage, writes Garth Graham.
August 14 -
Federal lawmakers are calling on the Consumer Financial Protection Bureau and the Department of Defense to investigate a report that some retailers have filed debt collection lawsuits against active duty military.
August 14 -
An email spammer and his company have settled federal charges that they sent deceptive emails in advance of the Affordable Care Act roll-out, claiming consumers would be violating the law if they did not click a link to enroll in health insurance.
August 14 -
Diebold, best known as an ATM manufacturer, is rebranding itself to banks to stay relevant in a digital age.
August 14 -
Customers Bank in Wyomissing, Pa., has announced three new appointments to executive positions, including one to the newly created role of Small Business Administration national director.
August 13 -
Citizens Financial Group in Providence, R.I., is expanding its commercial banking operations to lend to more midsize companies in more parts of the country.
August 13 -
Investment banker Jason R. Hach has joined Sandler ONeill following four years at its archrival Keefe, Bruyette & Woods.
August 13 -
PHH is appealing one of the largest judgments ever awarded in a mortgage case. The dispute encapsulates many of the problems that have plagued the servicing industry in recent years.
August 13 -
Freedom Mortgage in Mount Laurel, N.J., has agreed to pay $104,000 to settle claims that it discriminated against loan applicants with disabilities.
August 13 -
Banks are changing their approach to hiring for technology. They want people with tech experience in their executive suites and boardrooms. They also want their chief technology officers to bring a broader perspective.
August 13 -
Membership in credit unions has hit 100 million for the first time, one of their top trade groups said. The numbers are subject to challenge, but banks still have plenty to fear from their nemeses. Then again, credit unions are uneasy about the future, too.
August 13



