Consumer banking
Consumer banking
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Banking groups fear the Consumer Financial Protection Bureau is already gearing up to write tough new rules restricting the use of arbitration clauses despite promises by agency officials that a study on the issue was only "preliminary" and not designed to pass judgment.
December 12 -
Buyers of failed banks and the Federal Deposit Insurance Corp. have mutual interests in closing out loss-share agreements even before they are due to sunset in coming years.
December 12 -
Bank of America Corp.'s Merrill Lynch agreed to pay about $131 million to settle U.S. regulatory claims it failed to tell investors that hedge fund Magnetar Capital LLC had a role in selecting assets for two 2006 mortgage-backed securities.
December 12 -
Before agreeing to sell itself to East West, the Houston company tried to connect with Chinese banks. Could other banks follow MetroCorp's lead?
December 12 -
The first new bank in three years recently cleared the hurdles necessary to open its doors. To do so, Bank of Bird-in-Hand's backers had to file 18 inches of paperwork, raising the question of whether regulators have become so strict that they'll encourage financial innovators to go elsewhere and leave community banks to languish.
December 12 -
The founding chairman of U.S. Century Bank in Miami will step down.
December 12 -
JPMorgan Chase (JPM) has distributed close to $90 million to customers through a rewards program for those who have both a checking account and a mortgage with the bank.
December 12 -
Mortgage delinquencies are likely to fall in 2014 as late payments on credit cards rise, according to an annual forecast from TransUnion.
December 12 -
BBX Capital in Florida, which sold BankAtlantic to BB&T last year, has added Hoffman's Chocolates to its wide-ranging holdings.
December 12 -
Banks may want to think twice before introducing new fees and increasing charges, according to a new survey from MoneyRates.com.
December 12 -
Croghan Bancshares (CHBH) in Fremont, Ohio, has bought Indebancorp in Oak Harbor.
December 12 -
Credit card delinquency rates are expected to rise nearly 10% from 1.51% in Q4 2013 to 1.66% in Q4 2014, according to TransUnion, which also released mortgage delinquency rate forecasts.
December 12 -
Thousands of consumers scammed by Nevada-based payment processor Automated Electronic Checking (AEC) Inc. will get some of their money back as a result of a lawsuit and settlement reached with the Federal Trade Commission.
December 12 -
BankUnited (BKU) in Miami Lakes, Fla., has promoted Mark Bagnoli to become its chief risk officer.
December 12 -
The challenge of how to responsibly extend small-dollar credit can be met, and it starts with knowing the needs of the borrower.
December 12 -
Banks' reputations have started to recover from the beating they took after the financial crisis, according to several recent surveys. American Banker reporters discuss how better technology has helped banks' customer satisfaction levels return to pre-crisis levels, despite ongoing reputational issues for some of the biggest banks.
December 12 -
Consumer spending growth slowed in November despite strong holiday retail sales on Thanksgiving and the next day, according to First Data Corp., a global payments processing and electronic commerce company.
December 12 -
Coinbase Inc., a provider of online Bitcoin accounts and transaction services, raised $25 million in funding led by Andreessen Horowitz.
December 12 -
A grocery chain's decision to shutter its Chicago stores will reportedly shrink JPMorgan Chase's (JPM) branch count in the city by 12%.
December 12 -
The issues Google solves with KitKat were among its biggest hurdles, but it's still too soon to declare a winner in the mobile wallet race.
December 12




