Consumer banking
Consumer banking
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House Financial Services Committee Chairman Jeb Hensarling (R-Texas) is calling on Consumer Financial Protection Bureau Director Richard Cordray to end the bureaus closed-door meeting policy for its four advisory councils.
March 18 -
One of Bitcoin's scariest traits is the digital currency's chaotic price fluctuations, making many consumers afraid of losing money if the price abruptly plummets.
March 18 -
First Republic Bank (FRC) in San Francisco is planning to sell more than 3.5 million shares of common stock.
March 17 -
The bill released by Sens. Tim Johnson and Mike Crapo would create a reinsurance fund to recoup losses on securities, establish a common securitization platform for the secondary mortgage market and open access to the secondary market for smaller lenders through a cooperative.
March 17 -
Once thought of as cheap capital, Tarp is getting more expensive as the dividend rate jumps from 5% to 9%. Banks that are still in the program could see the increase as one more force pushing them to consider their options.
March 17 -
A positive spin around branches will proliferate, as will talk about wearable tech. Oh, and expect tons of M&A -- between banks and nonbanks.
March 17 -
Square 1 Financial in Durham, N.C., is planning to hit the road to promote its planned initial public offering.
March 17 -
CBFH in Orange, Texas, has agreed to purchase MC Bancshares in Houston.
March 17 -
JPMorgan Chase illegally won thousands of default judgments in credit card collection lawsuits by robosigning affidavits, according to a class action lawsuit filed in the U.S. District Court for the Southern District of Florida.
March 17 -
Joseph Stilwell has reached a truce with another banking company.
March 17 -
Virginia National Bankshares (VABK) in Charlottesville, Va., is facing pressure from an activist investor to consider selling itself.
March 17 -
Executives and senior management officials at the nation's largest banks must be held accountable for Bank Secrecy Act violations, Comptroller of the Currency Thomas Curry said Monday.
March 17 -
JPMorgan Chase illegally won thousands of default judgments in credit card collection lawsuits by robosigning affidavits, according to a class action lawsuit filed in the U.S. District Court for the Southern District of Florida.
March 17 -
When the Target Corp. data breach was reported in December, soon followed by retailers Neiman Marcus and Michaels, public officials pounced and the financial industry took a hard look in the mirror. Federal and state officials immediately launched investigations and held hearings. Meanwhile, the industry questioned how well its electronic systems were protected, and banks and retailers squabbled. Here's a look at how government and business leaders responded to the latest scourge of computer data breaches.
March 17 -
Wayne Savings Bancshares (WAYN) in Wooster, Ohio, is looking for a new chief executive.
March 17 -
Huntington Bancshares (HBAN) in Columbus, Ohio, has poached as executive from U.S. Bancorp (USB) as its new chief financial officer.
March 17 -
Investors Bancorp (ISBC) in Short Hills, N.J., could raise more than $2.6 billion as part of a highly anticipated second-step conversion.
March 17 -
Piedmont Bancorp in Peachtree Corners, Ga., plans to raise $8 million through a private placement of subordinated debt and common stock.
March 17 -
Credit card debt declined in January but borrowing for student and auto loans increased, leading to an uptick in non-revolving credit, according to data from the Federal Reserve's G.19 report.
March 17 -
NewBridge Bancorp (NBBC) in Greensboro, N.C., has issued nearly $16 million in subordinated debt to redeem all the preferred stock it issued under the Troubled Asset Relief Program.
March 17



