Consumer banking
Consumer banking
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PHILADELPHIA — NCUA this afternoon took People for People Community Development CU under conservatorship while it tries to nurse the troubled CDCU back to health.
January 6 -
Decisions to sell by some troubled banks prompted a spurt of deals last month, but M&A in 2011 was still the slowest in years. The economy and low valuations will quell any carryover effect.
January 6 -
With its Jan. 5 unveiling of an at-the-table digital payment terminal called the Rail, Viableware joined other technology companies that for the past couple of years have been trying to eliminate the standard restaurant bill-payment methods.
January 6 -
Heritage Bank Inc. in Erlanger, Ky., has agreed to buy Farmers National Bank in Walton, Ky., in what would be the first acquisition in Heritage’s 21-year history.
January 6 -
First Place Financial in Warren, Ohio, hasn't reported any financial results since June 30, 2010. The company is in the midst of restating its results from 2008 through 2010 after a regulator ordered it to increase its loan-loss allowance.
January 6 -
Edwin Hale sold a million shares in the Baltimore company a week after leaving for a meager 2 cents each.
January 6 -
As Global Payments Inc. reported quarterly earnings, the processor announced a deal to purchase CyberSource's U.S. merchant-acquiring portfolio from Visa Inc.
January 6 -
The president visited the offices of the Consumer Financial Protection Bureau on Friday, shaking hands with employees and praising their efforts to stand up the bureau.
January 6 -
New mobile payment player plans a white-label person-to-person offering for community banks.
January 6 -
Shares for United Community Banks Inc. tumbled Friday after the Blairsville, Ga., company said it would record an additional $166.9 million in a deferred tax asset valuation allowance.
January 6 -
A new Citibank application lets users pool rewards points via social media. It could prove attractive to customers and scammers alike.
January 6 -
There's more confusion in the Obama administration's policy response to the foreclosure crisis than an Abbott and Costello routine. Now the Fed steps up to the plate.
January 6 -
He was wrong about Astoria in 2011, but Sandler O'Neill's Mark Fitzgibbon says a focus on multi-family lending and takeover speculation will fuel a run-up in 2012.
January 6 -
The San Francisco retail bank sent unredacted copies of subpoenas, listing Social Security information, to customers named in the documents.
January 6 -
Wells Fargo & Co. has agreed to pay nearly $1 million to Maryland residents who lost their homes to foreclosure after receiving so-called "Pick-a-Payment" mortgages originated by lenders Wells later acquired.
January 6 -
Southside Bancshares Inc. in Tyler, Tex., and Security Federal Corp. in Aiken, S.C., have announced replacements for their longtime chief executives.
January 6 -
In a setback to Citigroup's efforts to divest itself of noncore businesses, talks to sell the bank's OneMain consumer-lending unit to private-equity buyers have ended without a deal in place, according to people familiar with the matter.
January 5 -
Consumers are regularly disappointed when they are drawn into accounts portrayed as "free" and then wind up being socked with fees and charges. Then they tell all their friends.
January 5 -
Hancock Holding Co. has sold an insurance unit as part of a larger agreement with a Florida insurance company.
January 5 -
One day after his appointment as the director of the Consumer Financial Protection Bureau, Richard Cordray sent a clear signal that he intends to move aggressively to enforce the agency's expanded authority.
January 5





