Consumer banking
Consumer banking
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Federal agencies intervened in the private student-loan market during the financial crisis and could play a future role, said Rohit Chopra, the Consumer Financial Protection Bureau's student-loan ombudsman.
August 24 -
The FDIC is appealing a ruling that barred it from pursuing simple negligence claims against officers and directors of a failed bank. If the agency loses, it could have a difficult time replenishing the Deposit Insurance Fund.
August 24 -
The Federal Reserve has given the green light to a revised capital plan submitted by Citigroup in June.
August 24 -
The Regulation Room, run by Cornell University, allows the public another opportunity to weigh in about Consumer Financial Protection Bureau policies.
August 24 -
Sponsor town festivals, youth sports and local families in need or volunteer at local charities or for community projects.
August 24 -
Almost four years after Fannie Mae was put into conservatorship, Treasury has yet to erase skepticism that the nation's biggest mortgage financier is as secure as Ginnie Mae.
August 23 -
The Federal Reserve Board has terminated a written agreement with Valley Financial that required the Roanoke, Va., company to serve as a source of strength for its bank.
August 23 -
Delaware County Bank & Trust in Lewis Center, Ohio, is the latest bank to add private banking in an effort to court more high-net-worth customers.
August 23 -
First California Financial Group faces investor pressure to sell and an unsolicited bid from PacWest Bancorp. Yet it danced around its vulnerable M&A status in a proxy filing on its deal to buy Premier Service Bank.
August 23 -
Wall Street may have lost a lot of high-paying jobs following the economic crisis, but the New York region remains the place to be for bankers and financial executives seeking the big bucks.
August 23 -
The agency discusses recent steps by financial institutions to participate in healthy-food investment cooperatives, and says lenders could earn Community Reinvestment Act credit for spurring such activities in areas that need it.
August 23 -
A discount title insurer has secured backing from an international reinsurer for its bid to start an industry price fight.
August 23 -
Bank of America Corp., the second-largest U.S. bank by assets, named four new directors including former Deloitte LLP Chairman Sharon Allen and BAE Systems Inc. chief Linda Hudson.
August 23 -
Mutual holding companies appear to be fleeing the format and converting to stock companies, but Northeast Community CEO Kenneth Martinek remains a staunch supporter of the model. That may be partly because he's being sued by an activist investor who is pushing him to convert Northeast to a stock company from an MHC.
August 23 -
Sophia Haliotis will be a senior vice president for Popular Community, the U.S. unit of the $36.3 billion-asset Popular in San Juan, Puerto Rico, and guide its expansion of commercial banking in the New York City region.
August 23 -
ProPublica this week became the latest media outlet to start tracking banks' recent scandals, from JPMorgan's London Whale to HSBC's money-laundering issues.
August 23 -
The CEO of First PacTrust will now share his title with an investor and director, who the bank hired to oversee nonbank deals.
August 23 -
BB&T (BBT) will lay off as many as 365 employees in connection with its acquisition of BankAtlantic in Fort Lauderdale, Fla., according to a filing with the state government.
August 23 -
Pulaski Financial (PULB) in St. Louis has repurchased almost a quarter of the preferred stock it had issued to the Treasury Department under the Troubled Asset Relief Program and that was subsequently sold to private investors in an auction.
August 23 -
The sad reality is that an unregulated shadow financial system pushed explosive subprime loans.
August 23




