Consumer banking
Consumer banking
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Sometime in June, the long-awaited final qualified mortgage rule will be released. Considerable speculation and debate over variations of the rule have taken place since it appeared in the Dodd-Frank Act. Its ultimate form has implications for access to mortgage credit, its cost, and contingent legal liability, among others.
April 11 -
BELLEVUE, Neb. – SAC FCU, originally the credit union for the Strategic Air Command, plans to build a $20-million, four-story headquarters in nearby Papillion, the start of what may become a new office park.
April 10 -
Umpqua Holdings bought an open bank Tuesday for the first time in years, and like many of its peers chose a low-risk target that promises niche growth and little blowback from shareholders.
April 10 -
The mortgage insurance industry has paid about $30 billion in claims, mostly to Fannie and Freddie, through the current cycle. That $30 billion is money that didn't have to come from the taxpayer.
April 10 -
Empire National Bank said that the Office of the Comptroller of the Currency has ended a formal agreement after the Islandia, N.Y., bank improved its liquidity management and reduced credit concentrations.
April 10 -
The National Fair Housing Alliance's past discrimination initiatives against the property insurance industry and others suggest that servicers should expect a series of press releases and HUD complaints followed by federal court actions.
April 10 -
The Consumer Financial Protection Bureau outlined a slew of new rules it plans to propose this summer that the industry said could require expensive systems upgrades for servicers.
April 10 -
Albert Forkner, who had been Wyoming's acting banking commissioner since January, was appointed to the position permanently in late March.
April 10 -
Bankers have lost the credibility needed to influence the public and policymakers, M&T Bank CEO Robert Wilmers says.
April 10 -
The Federal Reserve ordered Louis A. DeNaples to step down from the board of First National Community Bancorp (FNCB) of Dunmore, Pa., and submit a plan for selling his controlling stakes in First National and another bank.
April 10 -
Occupy Wall Street protesters and other pro-consumer groups are pushing leaders in some U.S. cities to shift municipal funds from big banks to small, local banks or credit unions. But they are finding it is hard to succeed.
April 10 -
Capital One Financial (COF) in McLean, Va., has slashed nearly 500 assistant branch manager positions nationwide in a cost-cutting move aimed it improving its overall efficiency.
April 10 -
Why has there been continuing explosive growth in prepaid cards, primarily marketed by nonbanks and most profitably to people who are already bank customers?
April 10 -
A federal judge is siding with the bankruptcy trustee of the failed IndyMac Bancorp Inc. in his dispute with the Federal Deposit Insurance Corp. over the rights to $55 million in disputed tax refunds.
April 10 -
Country Club Bank launched a Facebook page about two years ago — and then deleted it. This time around, it's starting with professional network LinkedIn instead.
April 10 -
Alloya Corporate Federal Credit Union of Warrenville, Ill., the survivor of what was once Members United Corporate FCU, said Tuesday it has signed a letter of intent to combine with Central Corporate Credit Union of Michigan, creating the nation's largest corporate with almost $5 billion in assets.
April 10 -
The National Fair Housing Alliance and four affiliated organizations filed a complaint with HUD accusing Wells Fargo of doing a shoddy job of maintaining foreclosed homes in low-income, minority neighborhoods.
April 10 -
Private student lending has shrunk dramatically over the past few years. Now come new risks involving legislation, regulation and reputation.
April 10




