Consumer banking
Consumer banking
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As banks scramble to recoup lost income, TCF Financial's (TCB) strategy to remove monthly fees from some checking accounts could be a key test of the free checking model.
July 31 -
Edward DeMarco, the acting director of the Federal Housing Finance Agency, on Tuesday defied both the Obama administration and widespread expectations that he would cave to a torrent of political pressure and allow Fannie Mae and Freddie Mac to offer principal reductions to troubled borrowers.
July 31 -
Peoples Bancorp of North Carolina (PEBK) in Newton said that Lance A. Sellers, its chief credit officer, will take over as chief executive and president later this year.
July 31 -
So much for infamy by banking scandal. A large majority of the public has no clue that Jamie Dimon is the CEO of JPMorgan Chase, and a surprising number of folks who guessed think he's a daredevil motorcyclist.
July 31 -
The Asheville, N.C., company posted a net loss after its loan-loss provision ballooned. The loss comes just months after activist investor Stilwell Group disclosed that it had started buying shares in the company.
July 31 -
A year after the Fed enacted the Durbin amendment, predictions that swipe fee reform would kill free checking, hurt credit unions and stifle competition have failed to come true.
July 31 -
Commercial and multifamily lending jumped 25% in the second quarter from a year earlier and 39% from the first quarter driven by strong loan demand for retail and hotel properties, according to figures released Tuesday by the Mortgage Bankers Association.
July 31 -
Bank of America (BAC) is eliminating dozens of ATMs in two grocery store chains throughout the Southeast as it continues to scale back its operations.
July 31 -
American Banker today introduces the Index of Banking Activity, a new monthly barometer of business conditions in the U.S. banking sector. The index's initial reading of 54.4 indicates that the banking industry experienced a modest pickup in activity in June.
July 31 -
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Heartland Financial (HTLF) in Dubuque, Iowa, reported that its second-quarter earnings rose about 45% from a year earlier, to $12.9 million, because of higher noninterest income.
July 30 -
Following an extensive search for a new chief executive, the board at HF Financial (HFFC) in Sioux Falls, S.D., has determined that its interim CEO is the best person for the job.
July 30 -
The FDIC's original blanket coverage for transaction accounts allowed institutions to opt out or pay extra fees to participate. But industry groups say extending Dodd-Frank's version of the coverage, which eliminated fees and made participation compulsory, is the only way to go.
July 30 -
WASHINGTON — The Federal Reserve Board approved a final rule on debit card interchange fees to make an adjustment for fraud-prevention costs.
July 30 -
Shares for Independent Bank (IBCP) climbed Monday after the Ionia, Mich., company reported its second consecutive quarter of profitability from improved asset quality.
July 30 -
The Consumer Financial Protection Bureau released its semiannual report on Monday, highlighting details on what consumers are most concerned about in submissions to a new CFPB complaint database.
July 30 -
After hiring a MetLife mortgage team in northern California, Provident Financial Holdings (PROV) said its fiscal fourth-quarter profit more-than doubled from a year ago.
July 30 -
The partnership with the Harris Teeter grocery chain would further boost the Pittsburgh bank’s visibility in the region following its March acquisition of RBC Bank USA.
July 30 -
Credit unions offer the lowest interest rates for rewards-based or platinum credit cards, according to a new analysis by SNL Financial.
July 30



