Consumer banking
Consumer banking
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A federal judge rejected an attempt by the Securities and Exchange Commission to compel Wells Fargo to comply with an administrative subpoena, ordering the agency and the bank to meet to resolve their dispute over documents related to an MBS probe.
March 30 -
NetSpend Holdings launched a prepaid MasterCard developed with entertainment conglomerate BET Network.
March 30 -
Big banks' sales of unreliable card records to collections agents raises questions about who's responsible for making sure payment demands are legitimate and whether a legal or regulatory backlash is on the way.
March 30 -
Toronto-Dominion plans in the coming years to find Ed Clark's successor from within. Colleen Johnston, its chief financial officer, seems to have a strong shot but downplayed speculation in an interview.
March 30 -
New York Community Bancorp Inc. (NYB) has agreed to take on $2.3 billion of deposits from Aurora Bank FSB, a former mortgage arm of Lehman Brothers that has been winding down.
March 30 -
A data breach at a card processor may have affected more than 10 million Visa and MasterCard accounts, security expert Brian Krebs reported Friday on his blog.
March 30 -
From prepaid cards to checking to mortgages, simplified disclosures are on the way. For bankers, that means adopting new revenue models fast.
March 30 -
Three weeks after completing an acquisition for one small Pennsylvania bank, S&T Bancorp in Indiana, Pa., has struck a deal for another.
March 30 -
The Treasury Department is looking to fully vacate its role as a common shareholder of Central Pacific Financial in Honolulu.
March 30 -
Accounts that B of A won't vouch for gain new life in the hands of collections firms.
March 29 -
A three-year legal odyssey raises questions about whether banks are pursuing meager revenues at the risk of serious errors, damage to reputations.
March 29 -
More than 20 banks in the state are still in the Treasury Department's program with limited options to get out. Selling could be the best solution, industry observers say.
March 29 -
Wilshire Bancorp in Los Angeles has exited the Troubled Asset Relief Program by repurchasing the bulk of its shares it issued to the Treasury Department at a slight discount.
March 29 -
A small Florida bank whose shares are so thinly traded that they are in danger of being delisted is suddenly one of the hottest stocks on the Nasdaq — and its president has no idea why.
March 29 -
New data shows that originations continue to grow in several categories — especially to subprime credit card customers.
March 29 -
Core Innovation Capital, an arm of a nonprofit aimed at helping the unbanked, will devote the $45 million it raised to investments in startup financial services companies. It already has put money into SavvyMoney and Plastyc.
March 29 -
The profile of a typical bank failure has taken on a new shape in 2012, with the combustion of construction loan portfolios giving way business loan blowups.
March 29 -
A New York judge dismissed a suit against Bank of America Corp. (BAC), demanding the bank to take back mortgages sold to investors and alleged to breach wraps and warranties.
March 29 -
Lawmakers grill CFPB chief on various aspects of bureau's work, but begin hearing with harsh review of how he was installed.
March 29 -
The Federal Reserve Board is preparing to release yet another important rule required by Dodd-Frank: how and why fraud occurs in debit card transactions and who should have to pay for it.
March 29






