Consumer banking
Consumer banking
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Market participants will quickly fill the home finance gap. Financing homes is an excellent business. The S&Ls were successful in this market for 50 years before they were destroyed by government policy.
September 26 -
Wells Fargo (WFC) said Tuesday that some of its customers had trouble logging on to its website, roughly a week after online customers of Bank of America (BAC) and JPMorgan Chase (JPM) encountered similar delays.
September 25 -
LAUREL, Md. – Tower FCU has contracted with CO-OP Financial Services to drive its ATM terminals.
September 25 -
The Norfolk, Va., company announced on Monday that Charles M. Johnston, a former chief financial officer at Eastern Bank in Boston, had joined its board.
September 25 -
The SEC has charged three former executives of TierOne, a failed bank in Nebraska, with misleading investors about the extent of the bank's losses during the financial crisis.
September 25 -
The Federal Deposit Insurance Corp. announced a new system Tuesday for classifying violations of consumer-protection rules that the agency spots during exams.
September 25 -
The Federal Reserve Board has lifted a written agreement with Ames Community Bank in Iowa that required the company to improve its credit administration.
September 25 -
The official at the center of a controversial Monday Night Football call is a vice president at Bank of America.
September 25 -
The National Credit Union Administration filed a lawsuit against Barclays, alleging the bank's sale of faulty mortgage-backed securities to two corporate credit unions — U.S. Central and WesCorp — contributed to their 2009 collapse.
September 25 -
The National Fair Housing Alliance says Bank of America has failed to maintain foreclosed properties in minority neighborhoods. It lodged similar complaints against Wells Fargo and U.S. Bancorp earlier this year.
September 25 -
At least a dozen community banks have planned new headquarters in the past year, either by building offices or leasing new digs. Some of the banks outgrew older offices, while others took advantage of low interest rates and great pricing to make the move.
September 25 -
Dwight Utz wanted to accelerate his North Carolina company's growth by bringing in private equity. Less than year after ECB's plans fell through, the company agreed to sell to Crescent Financial, which has plenty of backing from private equity firms.
September 25 -
PennyMac Mortgage Investment Trust has agreed to buy $452 million of nonperforming whole loans from undisclosed sellers, according to a recent filing with the Securities and Exchange Commission.
September 25 -
Bankers who think the government should have a lighter touch when it comes to prescribing rules for their industry may have an ally in the American people.
September 25 -
Buying CIT, a specialty lender, would add high-yielding loans without saddling Wells Fargo with more deposits and branches.
September 25 -
About one in five consumers buying a credit score from a credit bureau receives a "meaningfully" different score than their lender would, according to the Consumer Financial Protection Bureau.
September 25 -
Regulators are barring a Minnesota bank holding company from paying shareholders and some creditors until it takes steps to boost its capital.
September 25 -
Banker sentiment echoes Google research suggesting consumers expect sub-five-second mobile app downloads.
September 25 -
Credit card collection efforts appear to be more successful than before the recession, controversial practices notwithstanding. This interactive graphic shows recovery and chargeoff data for large lenders.
September 25 -
Urban Trust, a Florida bank, had been under fire from consumer groups for allowing a payday lender to load loans onto its prepaid debit cards.
September 25


