Consumer banking
Consumer banking
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Banks are increasingly using mobile devices as an added layer of authentication for online banking, but messages sent to a phone can be intercepted. A security method developed in South Africa may close that security hole.
September 21 -
Ecommerce software company Rearden Commerce has raised $133 million in new funding from investors Citigroup Inc., JPMorgan Chase & Co., and American Express Co.
September 21 -
State Street Corp. has agreed to purchase a Boston brokerage firm, Pulse Trading Inc.
September 21 -
Consumers are sharing more personal information online than ever — but they don't want to share it with banks. A few companies are trying to find a middle ground, helping consumers connect to lenders without exposing even basic contact information until absolutely necessary.
September 20 -
Home sales in California, the most populous U.S. state, are likely to rise 1% in 2012 after being "essentially flat" this year, the California Association of Realtors forecast Tuesday.
September 20 -
Builders began work on fewer U.S. homes than forecast in August, showing the industry remains flat on its back even as mortgage rates fall to record lows.
September 20 -
The specter of "too big to fail," coupled with the usual fuming by community groups over Capital One's CRA record, made for a dramatic nine hours — and counting.
September 20 -
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American Express has purchased Sometrics, a company that facilitates payments within electronic games using virtual currency, in a deal worth $30 million, the company confirmed Tuesday.
September 20 -
Wintrust Financial in Illinois is tired of hiding behind numerous brand names. The $15 billion-asset company has launched an advertising campaign to aggressively introduce the Wintrust brand in Chicago.
September 20 -
An ideological divide in the party has prevented a resolution to the GSE problem, the West Virginia Republican said. More help will be needed from the White House, too, she said.
September 20 -
The Florida appeals court ruling could make it harder for mortgage servicers to use such records as evidence for foreclosure without verifying the underlying information.
September 20 -
The biggest bank in Hawaii is set to have a new chief executive.
September 20 -
Series of bad events led to Seattle banks sale to AmericanWest. Being small did not help things.
September 20 -
Forget Dodd-Frank. Never mind unemployment. Want to jumpstart lending? Fix the system for classifying loans, Harris Simmons says.
September 20 -
Create a national charter for nonbanks so they don't have to go through banks to offer products to underserved consumers.
September 20 -
A group of bankers have banded together to buy First National Bank of Chillicothe in Texas and will use it to open a branch just outside of Dallas.
September 20 -
Big bank deals will worsen systemic risks and unfair competition, said the ICBA, which called for a moratorium while new regulations are in the works. Capital One argued the deal would create a safer company.
September 20 -
The Massachusetts Democrat said housing advocates' fight against a key reform of Dodd-Frank would hurt the low-income borrowers they are trying to help.
September 20 -
Smaller banks have systems work to do, and a company called WebEquity is trying to fill in the niche. Upgrading to a unified system helps prevent inadvertent discrimination and stop making lending decisions based on excel spreadsheets.
September 20


