Consumer banking
Consumer banking
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JPMorgan Chase and Wells Fargo kicked off bank earnings season with decidedly mixed results. Both were solidly profitable, but their methods for remaining so suggest that smaller rivals may have a hard time following suit. American Banker editors discuss the results and what they say about the industry's prospects for the year ahead.
January 14 -
New York state regulator Benjamin Lawsky on Tuesday recommended reforms that aim to prevent online payday lenders from debiting consumers' bank accounts through the automated clearing house network.
January 14 -
The CFPB should establish a working group of banks, credit reporting agencies, other regulators, Silicon Valley startups, retail consumer lenders and others to ensure a level regulatory playing field and to conduct a thoughtful examination of American consumer credit.
January 14 -
Commerce Bancshares (CBSH) in Kansas City, Mo., reported lower quarterly earnings because of lower income from lending.
January 14 -
JPMorgan Chase said it replaced 2 million payment cards after the breach of consumer data at retailers including Target Corp.
January 14 -
Better ATM Services plans to distribute its ATM-issued prepaid Visa cards through Advanced Network Inc.'s customers.
January 14 -
When I am ready to commit to paying many thousands of dollars financing a home, a car or my kids education, I will offer my business first to those institutions that helped me a 'high-transaction, low-balance customer' get there.
January 14 -
TriSummit Bank in Kingsport, Tenn., has agreed to buy Community National Bank of the Lakeway Area (CNLA) in Morristown, Tenn.
January 14 - Rhode Island
The Providence, R.I., bank is introducing the loans at a time when regulators have been lamenting the lack of options for college graduates who are locked into high interest rates.
January 14 -
Wells Fargo & Co., the largest U.S. home lender, posted record fourth-quarter and full-year profit as expense cuts bolstered results.
January 14 -
A Worcester, Mass. resident has notified the Better Business Bureau of Central New England about an unsolicited phone call involving a caller claiming to be from the FBI.
January 14 -
JPMorgan Chase & Co. said profit fell 7.3% in the fourth quarter after $2.6 billion in settlements linked to Bernard Madoff's Ponzi scheme as legal costs ended a three-year streak of record annual earnings.
January 14 -
The Lafayette, La., bank ended its M&A break Monday by announcing an agreement to buy a nearby rival, Teche Holding. It says more deals are likely, adding to the rise of buyers based in the South.
January 13 -
Waterstone Financial (WSBF) in Wauwatosa, Wis., raised roughly $250 million from the subscription and community offering tied to its second-step conversion.
January 13 -
Sens. Joe Manchin, D-W.Va., and Roger Wicker, R-Miss., introduced legislation Monday to address concerns about how collateralized debt obligations backed by trust-preferred securities are treated under the Volcker Rule.
January 13 -
Banks could save money -- and avoid having to sell to, or buy other, banks -- by sharing the costs of compliance checks, account databases and even branch space, a new report from the accounting firm EY suggests.
January 13 -
A 30-hour six-alarm fire ravaged a two-story Citibank branch in the Morningside Heights section of Manhattan over the weekend.
January 13 -
A former Washington Mutual executive pleaded guilty in federal court in Bridgeport, Conn., Monday to accepting an illegal kickback.
January 13 -
FNBH Bancorp (FNHM) in Howell, Mich., has raised $16.4 million through a private placement.
January 13 -
Three Missouri businessmen accused of defrauding Excel Bank, which later failed, were arraigned in federal court in St. Louis on Friday.
January 13




