Consumer banking
Consumer banking
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BNC Bancorp has no immediate plans to exit the program, despite recently raising $73 million from a private placement. CEO Swope Montgomery believes BNC's acquisitions will more than offset the current 5% borrowing rate for the Tarp funds.
June 5 -
Fannie Mae named its general counsel, Timothy Mayopoulos, as its next chief executive after he agreed to a sharp pay cut imposed by the mortgage-finance company's federal regulator.
June 5 -
In April the Consumer Financial Protection Bureau issued a statement that it was adopting the "disparate impact" concept in its enforcement of the anti-discrimination provisions of the Equal Credit Opportunity Act. It is doing so in a manner consistent with an Interagency Policy Statement issued in 1994 by the Department of Justice and other federal agencies involved with the enforcement of fair lending laws.
June 5 -
When a California bank took a former employee to court over his insulting statements on the Internet, an appellate court said his speech was protected from prosecution.
June 5 -
Ocwen Financial (OCN) has purchased the commercial servicing rights portfolio of Aurora Bank.
June 5 -
Commercial and multifamily mortgage delinquency rates fell in the first quarter of 2012 for most of the top investor groups except one: commercial mortgage-backed securities.
June 5 -
Recent delays by the CFPB and Treasury point toward a systemic policy malaise that threatens to make the housing recovery a decade-long event.
June 5 -
As head of the Mortgage Bankers Association, David H. Stevens spent the last year warning that excessive and ill-considered regulation could drag down the mortgage market. As the new head of SunTrust Mortgage, he'll have to face that regulation head-on.
June 5 -
The Treasury Department announced Tuesday that it plans to sell off its shares in seven more community banks as part of its ongoing effort to wind down the Troubled Asset Relief Program.
June 5 -
More than 30 state trade associations have joined the Independent Community Bankers of America in urging Congress to extend the Transaction Account Guarantee program, which offers banks unlimited deposit insurance on transaction accounts.
June 5 -
Websites such as Amazon.com are often cited as the gold standard for the online experience, but turning your financial institution website into a carbon copy of a retailer site is neither practical nor wise. No financial institution can be, or should be, just like Amazon, yet there are some strategies and tactics that banks can borrow from online retailers, particularly when it comes to cross-selling.
June 5 -
An effort is gaining momentum to require banks that want municipal business to lend more in low-income neighborhoods. And it's not just mega-banks being targeted — smaller banks are seen as fairing worse in this type of lending.
June 5 -
In what would be its first acquisition in nearly a decade, Peoples Bancorp (PEBO) in Marietta, Ohio, announced Tuesday that it is buying Sistersville Bancorp in West Virginia for $9.8 million in cash.
June 5 -
Mortgage servicing company Nationstar Mortgage Holdings Inc. (NSM) has agreed to acquire roughly $10.4 billion in residential mortgage servicing rights from Bank of America Corp. (BAC) in a co-investment with Newcastle Investment Corp. (NCT).
June 5 -
OGDEN, Utah – Goldenwest CU plans to open a branch inside Dick’s Market grocery store in Centerville.
June 4 -
RALEIGH, N.C. – State Employees’ CU celebrated its 75th anniversary yesterday with the opening of a new branch in Durham Lowe’s Grove, the site of the state’s first rural credit union in 1916.
June 4 -
BNC, of High Point, N.C., would pay $35 million for First Trust, its fifth deal in the Carolinas in nine months.
June 4 -
BDO Consulting was hired as the primary firm responsible for monitoring compliance with the $25 billion settlement.
June 4 -
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A Texas investor has filed a suit against former top executives at a failed Tennessee bank seeking to recover the nearly $1.2 million he pumped into the bank during a 2010 stock sale.
June 4




