Consumer banking
Consumer banking
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A new Texas law addresses concerns that community banks will suffer if big-box retailers and large banks begin to team up on pricing.
June 21 -
Two American Banker staffers who cover mergers and acquisitions have a confession to make. We sometimes get so enmeshed in the arcane numbers behind bank deals that we overlook what really makes them tick: the human element.
June 21 -
WASHINGTON Republican lawmakers are calling on the Consumer Financial Protection Bureau to explain its rationale behind new fair lending guidelines for auto lenders.
June 21 -
Snapchat, a once-popular app among high school students, has captured the attention of privacy-savvy Wall Street financers hoping to keep their late-night escapades quiet.
June 21 -
The chief executive and three directors of Atlantic Coast Financial (ACFC) are leaving the company after shareholders rejected a proposed sale to Bond Street Holdings earlier this month.
June 21 -
As part of the heavy competition in New York, BankUnited CEO John Kanas has swiped a number of bankers away from rivals, including Capital One and Signature Bank. Most worked for him at the old North Fork Bank.
June 21 -
Do mortgage servicing layoffs at JPMorgan Chase indicate there's a light at the end of the tunnel for the mortgage crisis?
June 21 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week.
June 21 -
Reliance Bancshares in St. Louis has named a new chief executive for its bank unit.
June 21 -
California Republic Bancorp in Irvine has securitized and sold $238 million of notes backed by its car loans.
June 21 -
The NCUA has approved the mergers of several struggling credit unions, including four more in California.
June 21 -
F&M Bank Corp. (FMBM) in Timberville, Va., has named new chief financial and administrative officers at its bank unit as part of a series of promotions.
June 21 -
The business credit card sector, which was on life support near the end of the recession, appears to be strengthening.
June 21 -
First PacTrust Bancorp (BANC) in Irvine, Calif., is planning to raise about $46 million through a sale of common stock.
June 21 -
The Onion, a satirical news site, reported that chief executives from the largest financial institutions "are just about ready to completely destroy the world again."
June 21 -
The Federal Trade Commission added eight new defendants to a credit card rate reduction case brought last year - including a payment processor that allegedly helped with the fraud.
June 21 -
The Federal Deposit Insurance Corp. has charged nine former directors of Southern Community Bank in Fayetteville, Ga., with approving risky loans that later led to its collapse in 2009.
June 21 -
Lawsuit filings dropped dramatically in May in all three key consumer statute categories - Fair Debt Collections Practices Act, Fair Credit Reporting Act and Telephone Consumer Protection Act, according to WebRecon LLC, a Grand Rapids, Mich.-based company that tracks the data from U.S. district courts.
June 21 -
OVERLAND, Kan. Mazuma Credit Union said it will break ground on a new 60,000-square-foot headquarters on July 11.
June 20 -
ALTOONA, Penn. Altoona Regional Health System FCU on Thursday opened its new main office, which features energy efficient office facilities and areas for new accounts, tellers, investments, financial education, coin counter, drive-thru service, and a 24-hour ATM.
June 20




