Consumer banking
Consumer banking
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The Consumer Financial Protection Bureau received about 2,300 complaints from borrowers about mortgage servicers in December, and that pace has been steady ever since, a senior advisor at the agency said Wednesday.
February 23 -
Yet another emerging payment scheme sees an opportunity to claw at the soft underbelly of legacy point-of-sale payment systems, this time putting carriers — not banks — in control of the payment accounts.
February 23 -
Hancock Holding Co.'s Whitney Bank has become the latest bank to settle a lawsuit relating to its overdraft practices.
February 23 -
Reading "Capital One Is Nearly Unscathed in Deal Victory" reminded me of watching ING Direct CEO Arkadi Kuhlmann address a major banking conference several years ago. He presented a detailed description of his unconventional approach to consumer banking and explained how each facet contributed to the success of the initiative.
February 23 -
Credit unions and community banks served by The Members Group now have access to a fraud prevention tool that allows them to set more detailed parameters for spotting suspicious transactions.
February 23 -
Bank deal activity eventually has to increase, but predicting the exact timing of consolidation remains hard, says Thomas Michaud, the investment bank's chief.
February 23 -
Banks strategizing about the best ways to unload real-estate owned properties face tough choices on whether to pay for costly repairs, auction off homes or attempt to sell them to investors.
February 23 -
A California judge gave former IndyMac Bancorp. Chief Executive Michael Perry time to appeal a ruling that puts him in the crosshairs of a $600 million lawsuit accusing him of negligence for signing off on risky mortgages at the time of the housing collapse.
February 23 -
The agency's research on the sector includes some larger institutions that still fit the community bank mold, while discounting smaller banks with a narrow focus.
February 23 -
SmarterComics has teamed up with Karen Berman and Joe Knight to turn their financial guide for managers into a comic book.
February 23 -
Rockville Financial Inc. in Connecticut reported record fourth-quarter income of $4 million, up 48% from a year earlier, as net interest income and noninterest income rose.
February 23 -
Consumer advocates and others urge banks to improve overdraft disclosures, press CFPB's Cordray to regulate Wal-Mart.
February 23 -
Auto lending continued to expand in the fourth quarter as more loans were made to borrowers with shaky credit and payment rates improved, credit bureau Experian said Thursday.
February 23 -
The Federal Reserve Bank of New York is seeking bids for more of the mortgage bonds assumed in the government rescue of American International Group Inc. as prices on the debt rally, two people with knowledge of the plan said.
February 23 -
SUMTER, S.C. – SAFE FCU inaugurated a new student-run branch at Lee Central High School in Bishopville.
February 22 -
A federal judge has granted approval for a Florida force-placed insurance class action to proceed against Wells Fargo and QBE Insurance. Evidence already uncovered in the case poses added peril to the defendants and other banks.
February 22 -
Weak demand for advances among member banks suppressed profits at several of the nation's Federal Home Loan Banks during the fourth quarter.
February 22 -
It's awards season and consulting firm Corporate Insight recently rolled out the proverbial red carpet for its tenth annual Bank Monitor Awards, which honor banks with gold, silver or bronze medals for their online banking features. The banks are compared to a baseline developed by the firm, not with each other, so more than one bank can qualify for each medal in each category. Bank of America led the pack with four gold medals.
February 22 -
Industry members and consumer advocates gathered on Wednesday to hear officials from the Consumer Financial Protection Bureau outline their concerns about overdraft practices.
February 22 -
CEO Douglas Glenn has won the patient support of Carlyle Group and other private-equity investors in the Virginia bank, and cleared the path for an important stock offering.
February 22





