Consumer banking
Consumer banking
-
The District of Columbia government keeps most of its deposits at Bank of America, but that could change under a proposal the city council is mulling that would require the city to shift some funds to community banks.
December 27 -
A Florida holding company formed in 2008 to buy troubled banks has struck another deal in the Tampa Bay area after calling off its previous acquisition.
December 27 -
The mortgage market is expected to change dramatically in the coming year as some of the largest banks cede loan-origination market share to regional banks and non-bank mortgage lenders.
December 27 -
The Federal Home Loan Bank of Chicago has received the go-ahead from its regulator to begin repurchasing stock from its member banks.
December 27 -
The Federal Reserve Bank of Atlanta has ordered First St. Charles Bancshares Inc. in Boutte, La., to use whatever resources necessary to ensure that its bank subsidiary, First National Bank USA, remains well capitalized.
December 27 -
How wide should credit card lenders open the gates to borrowers after slamming them shut during the recession when losses soared? It depends on their analytics.
December 27 -
WASHINGTON — The Consumer Financial Protection Bureau is seeking comments on whether and how to revise Regulation E, which governs implementation of the Electronic Fund Transfer Act.
December 27 -
MetLife Inc. took a step closer to exiting the banking business Tuesday by announcing that it is selling the bulk of its deposits to GE Capital Finance Inc.
December 27 -
The Justice Department faces a daunting task of tracking down more than 210,000 alleged victims and determining how to compensate them, following last week's $335 million fair-lending settlement with Bank of America's Countrywide unit.
December 26 -
SAN FRANCISCO—San Francisco FCU is opening a branch, appropriately enough, in this city’s Financial District.
December 26 -
Former comptroller Eugene Ludwig talks about the competitive threat from unregulated financial firms and why banks should want the new consumer protection bureau to have a permanent director soon.
December 26 -
Fitch Ratings has downgraded its servicer rating on Ocwen Financial Corp. of Atlanta, questioning its rapid expansion in servicing contracts and voicing doubts about its heavy use of offshore workers.
December 23 -
Commerce Bancshares Inc.'s banking unit has agreed to pay $18.3 million to settle a class action involving overdraft fees.
December 23 -
The Federal Reserve has fined two banks for violations of the National Flood Insurance Act.
December 23 -
2011 was the slowest year for bank M&A in two or three decades, depending on whose count you use. Don't expect a big wave next year, though pressure on small banks to sell will intensify.
December 23 -
Three years after the government put Fannie Mae and Freddie Mac on life support, a debate is still raging over how much the GSEs can be blamed for the housing crisis.
December 23 -
Edwin Hale officially stepped down Thursday as chairman and CEO of 1st Mariner in Baltimore. The banking company named interim successors.
December 23 -
Continental Illinois' internal auditors had been documenting the deterioration of underwriting quality. Unfortunately, no one listened.
December 23 -
United Bankshares in Charleston, W. Va., and local organizations in the Washington area figured out that cooperating on a bike program could improve big-city commutes, recruit new customers and help the unbanked.
December 23 -
Modern technology allows a new entrant in the peer-to-peer lending space, SoMoLend, to create a more targeted matching system for small-business borrowers and lenders.
December 23






