Consumer banking
Consumer banking
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City Holding (CHCO) in Charleston, W.Va., said Tuesday that it its first-quarter earnings rose 73% from the same period last year, to $13.8 million, as the company accelerated workouts of problem loans it inherited in two acquisitions.
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Noninterest income seemed to stabilize some during the first quarter, though smaller banks are still struggling to see meaningful increases in fees.
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The Missouri House on Tuesday passed legislation to eliminate renewals on payday loans and lower the amount of interest borrowers can charge.
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The total limit of new credit for bank-issued credit cards led origination growth in January, followed by home equity revolving lines and auto lending, according to the latest Equifax National Consumer Credit Trends Report.
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Credit Sesame and Credit Karma were among the first companies to offer credit scores at no charge. Now they're looking to do the same with products that credit card issuers have traditionally sold.
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Thirty-two million people under age 65 were underinsured in the U.S. in 2012, meaning they had health coverage that provided inadequate protection against high health care costs relative to their income, a Commonwealth Fund report revealed.
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Operation Choke Point, changing marijuana laws and increased anti-money laundering scrutiny are just a few of the governmental and regulatory factors affecting banks' relationships with certain customers these days. Now financial companies are under intense scrutiny over the payday lenders, check cashers, marijuana businesses and even individual customers that they do business with. American Banker editors discuss.
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Hudson City Bancorp (HCBK) in Paramus, N.J., reported lower quarterly earnings as its planned sale to M&T Bank (MTB) still awaits regulatory approval.
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Joseph Stilwell has found yet another bank to pressure.
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Banks should not expect customers to cough up their data if there isnt something in it for them.
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Solera National Bancorp (SLRK) in Lakewood, Colo., reported a quarterly loss less than a month before it will face a pair of shareholder challenges at its annual meeting.
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Target Corp. took two big steps to put the holiday data-breach nightmare behind it today.
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With more consumers using mobile devices for banking and credit card monitoring, a subcommittee of the House Financial Services Committee is examining the impact of mobile technology on consumers financial decisions.
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HomeStreet (HMST) in Seattle has filed to sell up to $125 million in securities.
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Southside Bancshares (SBSI) in Tyler, Texas, has agreed to buy OmniAmerican Bancorp (OABC) in Fort Worth, Texas.
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Beverly Anderson, a veteran banker in charge of Wells Fargo's new credit card push, shares her advice for how banks can pull women and people of color into their senior executive ranks.
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Wells Fargo's credit card business is slowly growing, especially among students and lower-income borrowers. But now it's about to make a play for the biggest spenders by unveiling a travel-rewards credit card.
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Capital City Bank Group (CCBG) in Tallahassee, Fla., enjoyed a trifecta last quarter: it lowered expenses, income taxes and its loan-loss provision.
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First Landmark Bank and Midtown Bank & Trust have agreed to a merger of equals, the second deal involving Atlanta-area banks announced on Monday.
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Commerce Union Bank in Springfield, Tenn., has agreed to buy Reliant Bank in Brentwood, Tenn.
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