Consumer banking
Consumer banking
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The fate of living wills for the biggest banks and a new system to resolve the largest institutions has taken a back seat to other regulatory efforts in the wake of the Dodd-Frank Act. Here's why banks of all sizes need to be focused on the effort.
June 20 - North Carolina
NewDominion Bank in Charlotte, N.C., has opened a mortgage division as part of its comeback effort.
June 20 -
The payment capabilities in the new Fire Phone are just the latest in a series of products that only Amazon could pull off. The e-commerce giant's offerings range from basic services to its own digital currency.
June 20 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week.
June 20 -
It's harder for investors in troubled mortgages to make money and call the shots because of new regulations and reduced competition among servicers. Investors and servicers may need more high-tech systems to manage loan portfolios more efficiently.
June 20 -
While rent represents the biggest expense each month for many consumers, the payments rarely are reported to credit bureaus, meaning they don't help people improve their credit scores.
June 20 -
The new American Express film Spent offers an opportunity to consider some emerging strategies aimed at helping low-income and struggling middle-class Americans avoid or get out of debt.
June 20 -
With 23 collection agencies working on the U.S. Department of Education's student loan collection contract, and the overall market for higher education debt booming, at least one private equity giant is considering whether to acquire collection agencies involved in the growing niche.
June 20 -
With more than 400 alternative cryptocurrencies in the market, it can be hard for point of sale providers and merchants to know which ones to accept. To determine which altcoins to support in its own point of sale system, Coinkite held a contest.
June 20 -
Buyers of distressed residential mortgages who want financing should tell their prospective backers all about their mistakes, financiers in this niche say.
June 19 -
Peyton Patterson, president and chief executive of Bankwell Financial Group (BWFG) in New Canaan, Conn., has been ordered by a judge to pay more than $350,000 to American Express to address unpaid credit card bills.
June 19 -
Once the Puerto Rican company repays its Tarp funds, management will focus on growing in New York and south Florida. The company also hopes to benefit from any improvement in the Puerto Rican economy.
June 19 -
The Department of Justice and Consumer Financial Protection Bureau's joint action against GE Capital Retail Bank, which recently changed its name, stems from alleged discrimination against Hispanics and marketing of add-on products.
June 19 -
The company is suing Basswood Capital, claiming the activist hedge fund unlawfully accumulated a large stake by violating a confidentiality agreement. It also claims that Basswood's meddling resulted in a subpar capital raise last month.
June 19 -
Former CFPB honcho Richard Hackett is leading industry-funded studies that probe the limitations of the bureau's own research.
June 19 -
The Federal Housing Administration has issued guidance to lenders to prevent deceptive marketing of reverse mortgages to seniors.
June 19 -
Chesapeake Bank & Trust in Chestertown, Md., has begun searching for a new chief executive.
June 19 -
PNC first tested one of the small, temporary branches loaded with technology in Atlanta, and Georgia chief Eddie Meyers wants to bring to bring back more as part of a diverse branching strategy that balances personal service and efficiency.
June 19 -
Union Savings Bank in Ridgefield, Conn., kept sponsoring its local symphony even during the recession when a lot of businesses cut back on giving to the arts.
June 19 -
The nonperforming residential mortgage market is hot, and may be getting a little too hot, with bidding extremely competitive, loan sales advisors say.
June 19



