Consumer banking
Consumer banking
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Upbeat comments from executives at Capital One and Discover are backed up by new data on card spending and loan growth.
June 11 -
U.S. Bank has opened a tony branch at Starbucks Center in Seattle, which houses the coffee chain's 4,300-employee headquarters as well as the offices of other large corporations and startups. It is part of a broader strategy to target high-end consumers.
June 11 -
Capital One Financial (COF) in McLean, Va., is piloting a new service aimed at protecting its customers from possible fraud.
June 11 -
A new trade group is making an effort to educate veterans about the lesser-known, low-down-payment, government-backed loan program, while the Department of Veterans Affairs works to clarify rules and recruit appraisers.
June 11 -
The Consumer Financial Protection Bureau Wednesday said it will take a harder look into mobile financial services to see the potential for consumer harm and determine the impact on the underbanked.
June 11 -
Struggling North Milwaukee Bancshares is asking its home city for a cash infusion, but the city has so far been reluctant to make a commitment.
June 11 -
Metro Bancorp (METR) in Harrisburg, Pa., is facing pressure from an investor to sell itself.
June 11 -
Share of The Bancorp (TBBK) plummeted a day after the Wilmington, Del., company disclosed that it had been hit with a consent order tied to the Bank Secrecy Act.
June 11 -
Some regional and large community banks are retaining more mortgages for investment because better-than-average deposit growth has given them extra cash they need to deploy. However, they are selective about which mortgages they keep.
June 11 -
A number of banks are looking at checking accounts without overdraft fees or check writing as a way to reach new customers and deepen relationships.
June 11 -
A payment processing company has settled charges that it helped facilitate a credit card interest rate reduction scam that bilked tens of thousands of consumers out of nearly $10 million.
June 11 -
A former U.S. Bank employee, believed to be the man suspected of taking bribes from a Florida-based debt buyer, is currently awaiting sentencing for taking kickbacks in another case.
June 11 -
American International Group Inc. (AIG) promoted Peter Hancock to chief executive officer as the company focuses on growth after his predecessor stabilized the insurer and paid back a 2008 government bailout.
June 11 -
Many of the complex and costly regulations implemented under the Dodd-Frank Act are unnecessary and burdensome for community banks. A two-tiered regulation system is the clear solution.
June 11 -
First Republic Bank (FRC) in San Francisco expects to raise up to $400 million through a debt offering.
June 11 -
ACA International responded to criticism of a proposal that would allow private collection agencies to recover unpaid taxes owed to the Internal Revenue Service.
June 11 -
Expresscoin is launching a digital currency purchasing platform that the company says will offer the "personal customer service" that has been missing from the Bitcoin environment.
June 11 -
The North Carolina company will pay more than $637 million for First Citizens Bancorp., a South Carolina bank. Both companies are majority owned by the Holding family.
June 11 -
Peoples Bank of Indianola in Iowa has agreed to buy Pleasantville State Bank in Iowa.
June 10 -
Nigel Morris, a co-founder of Capital One Financial (COF), has joined the board of the parent company of loan marketplace Prosper.
June 10



