Consumer banking
Consumer banking
-
While other regulators busily check off implementation goals set by last year's financial reform law, the new body charged with limiting threats to the financial system is getting lost in the shuffle.
July 12 -
First of Huron Corp. in Bad Axe, Mich., agreed to serve as a source of strength to its $246.2 million-asset Signature Bank, which has been operating under a consent order with the Federal Deposit Insurance Corp. and its state regulator since Jan. 27.
July 12 -
The proposed agreement with investors in troubled mortgage-backed securities will go far in determining whether small, third-party servicers can better resolve problem home loans.
July 12 -
DataMotion Inc., a provider of email encryption services, found in a recent survey conducted by Osterman Research Inc. that nearly 80% of potential community bank customers want to communicate with their banks using secure email, while only about 40% can do so currently.
July 12 -
Cashiers now may activate entire packs of prepaid cards at once instead of swiping each card individually, through a new service First Data Corp. is rolling out.
July 12 -
Consumers' rising revolving credit may mean the pullback in consumer lending is easing, but an analyst warns against drawing too many conclusions from the recent data.
July 12 -
Home Bancshares Inc. in Conway, Ark., has repaid the Treasury Department the $50 million it received in early 2009 from the Troubled Asset Relief program.
July 12 - Minnesota
U.S. Bank is letting customers who have lost income due to the state of Minnesota government shutdown skip one monthly payment on most types of loans without penalty.
July 12 -
NCR, a maker of automated teller machines, self-service kiosks and other financial technology, is buying hospitality software developer Radiant Systems for $1.2 billion.
July 11 -
Consumer credit rose by $5.08 billion in May, marking the eighth straight monthly increase, as credit card debt had its largest gain in three years, according to the Federal Reserve's monthly G.19 report.
July 11 -
SAN ANTONIO – Air Force FCU said yesterday it has opened a new branch near the Army’s Fort Sam Houston.
July 11 -
Union First Market Bank in Richmond, Va., announced Monday that it has opened seven branches inside Martin's Food Markets in central Virginia.
July 11 -
Fidelity National Financial Inc., one of the country's largest providers of title insurance, has agreed to pay $4.5 million to resolve charges that it paid kickbacks to real estate brokers.
July 11 -
-
As bankers anxiously await the anticipated 300 new regulations from Dodd-Frank regulators have continued their assault on banking practices. Bankers have recently been concerned about the details and expected requirements regarding automated overdraft-payment programs that were initially issued last November, with follow-up explanations provided in late March.
July 11 -
-
Rising regulatory costs are forcing banks of all shapes and sizes to take a hard look at consolidation, including the mostly dormant field of mutually owned banks.
July 11 -
Tempo Payments, a pioneer of the decoupled-debit card, is winding down its operations. Mike Grossman, Tempo's CEO, puts the blame squarely on the Durbin amendment.
July 11 -
Despite a recent uptick in national home prices, Clear Capital reported that home values are down 3.2% for the first six months of this year, and the real estate data firm is projecting another 2.4% decline through the second half of 2011.
July 11 -
Stewart Lender Services has purchased a majority ownership interest in PMH Financial from Braddock Holdings Co., expanding its capabilities in the default management and real estate owned segment.
July 11




