Consumer banking
Consumer banking
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Now that a proposal to give credit unions more business lending power has been tabled, banks and credit unions have resumed their long-running battle over taxes.
May 18 -
American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.
May 18 -
NCUA said this morning it has barred the former CEOs of U.S. Central FCU and Members United Corporate FCU from working for or with any corporate credit union for their roles in two of the biggest credit union failures.
May 18 -
BankTennessee in Collierville has been released from a two-year-old enforcement order after it improved its capital ratios and sharply reduced its concentration of commercial real estate and construction loans.
May 18 -
More than two-dozen have already announced that would stop filing reports with the regulator and many more could follow as they aim to cut costs.
May 18 -
The new director, James McDonough, once served as the CEO for Abington Bancorp, a Boston-area company that was sold in 2004.
May 18 -
Personal financial management software must deliver real value to banks, not just consumers. Just saying PFM increases customer loyalty doesn't cut it. The value proposition has to be more attractive given the revenue pressures banks face today.
May 18 -
Editor's Note, July 25, 2012: This and other BankThink opinion columns written by Joel Sucher bearing this note, published between October 2011 and June 2012, mentioned the law firm of Stephen J. Baum, Litton Loan Servicing, or both. The columns should have disclosed that Baum’s firm, working on behalf of Litton, had attempted to foreclose on the writer’s property in 2009. American Banker's editors were unaware of this history at the time the columns were published.
May 18 -
Shareholders voted in Regions Financial's favor on say on pay and other matters, but some investors pressed for more cost cuts at the Alabama bank like jettisoning the corporate jet.
May 17 -
PORTLAND, Ore. – OnPoint Community CU is opening a new branch inside a Safeway supermarket in Rose City on May 30.
May 17 -
Avoid the bluster and the defensiveness, and focus on communication and steps to improve the bank, veterans of activist investor fights like John Palmer of PL Capital advise.
May 17 -
Porter Bancorp's shareholders have granted the struggling company more flexibility to raise capital to meet the demands of regulators.
May 17 -
Shareholders also recommended that the CEO and chairman jobs, now held by Beth Mooney, be split.
May 17 -
Capitol City Bank, a minority-owned bank in Atlanta that is under orders from its regulators to add fresh capital, is getting a shot in the arm from SunTrust Banks (STI).
May 17 -
About half the consumers using U.S. Bancorp's prepaid card already have a relationship with the bank, according to a prepaid executive there.
May 17 -
U.S. Bancorp is raising some of its overdraft fees to $35 per transaction, in the latest example of banks changing the ways that they charge checking account customers.
May 17 -
United Community Banks in Blairsville, Ga., received a subpoena and a notice of formal investigation from the Securities and Exchange Commission related to its deferred tax asset valuation allowances and goodwill impairment charges taken in 2009 and 2010.
May 17 -
Wells Fargo has launched a collaborative online community for college planning aimed at students, parents, guidance counselors and financial advisors.
May 17 -
The Center for Discovery provides care for disabled and autistic children, including Ellen Alemany's daughter. This week it honored the Citizens CEO and fifth most powerful woman in banking.
May 17 -
Prosperity Banchares’ deal to buy East Texas Financial Services is on hold after another bank holding company that owns a stake in the $212 million-asset East Texas filed a lawsuit to block the sale.
May 17



