Consumer banking
Consumer banking
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NASB Financial (NASB) in Grandview, Mo., has been released from a consent order issued by the Office of the Comptroller of the Currency.
February 26 -
New York regulator Benjamin Lawsky raised concern about conflicts of interest in mortgage servicer Ocwen Financial's business relationships, warning that a "tangled web of conflicts could create incentives that harm borrowers and push homeowners unduly into foreclosure."
February 26 -
With media outlets reporting the grisly details, there has never been a better time to educate commercial account holders about the risks associated with online banking, particularly phishing attacks.
February 26 - Rhode Island
Mortgage Network in Danvers, Mass., has opened its first office in neighboring Rhode Island.
February 26 -
A tax plan from House Ways and Means Committee Chairman Dave Camp would further limit the mortgage-interest break and end the deduction for state and local taxes, according to a nonpartisan congressional summary.
February 26 -
The country's biggest bank has called a halt to its branch-expansion strategy of a year ago. Instead, JPMorgan Chase this week said it would start building smaller, cheaper branches with fewer tellers and more technology, as well as more offices for financial planners to meet with its wealthiest clients. American Banker editors discuss JPMorgan's new branch strategy and what it could signal for other banks.
February 26 -
JPMorgan Chase is the first bank to adopt a new disclosure box for its prepaid cards, developed by Pew Charitable Trusts.
February 26 -
The Federal Reserve Board has released Metropolitan Bank Holding in New York from a January 2011 enforcement action.
February 26 -
In the FDIC's fourth quarter earnings report, the agency said loan buybacks fell to their lowest level in 5 years.
February 26 -
JPMorgan Chase & Co. (JPM:US) and Goldman Sachs Group Inc. (GS:US) were among 18 financial firms that agreed to stop participating in some surveys of analyst sentiment while New York investigates early access to the information.
February 26 -
The mortgage market has failed to shift from refinances to purchases as anticipated, according to the Mortgage Bankers Association's latest weekly report on applications.
February 26 -
The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.
February 26 -
Jamie Dimon, who built JPMorgan Chase & Co. into the world's biggest investment bank, said threats to its dominance may come from Beijing, Silicon Valley and a San Francisco-based rival with a stage-coach logo.
February 26 -
Customers Bancorp in Wyomissing, Pa., (CUBI) plans to launch a virtual mobile banking platform in the third quarter of this year meant to make banking services more effortless for consumers.
February 26 -
JPMorgan Chase & Co., the biggest U.S. lender, is moving about 2,000 employees to offices in Brooklyn's MetroTech Center after a review of its real estate holdings, said a person with direct knowledge of the plan.
February 26 -
Southern Missouri Bancorp (SMBC) in Poplar Bluff, Mo., has agreed to buy Peoples Banking Company in Nixa, Mo.
February 26 -
First United (FUNC) in Oakland, Md., has received regulatory approval to catch up on interest payments for certain obligations.
February 26 -
An estimated 782 different collection agencies and creditors were sued in January under consumer statutes, including the Fair Debt Collection Practices Act, the Fair Credit Reporting Act and the Telephone Consumer Protection Act.
February 26 -
Bank of America Corp., the second-biggest U.S. lender, disclosed new probes into its mortgage and foreign-exchange businesses and boosted an estimate of potential legal losses by 20 percent to $6.1 billion.
February 26 -
Indiana University notified the Indiana attorney generals office Tuesday of the potential exposure of personal data for approximately 146,00 students and recent graduates.
February 26




