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Credit quality can only go downhill from here. Speaking at an industry conference Thursday, the heads of several big banks including JPMorgan Chase, Bank of America and U.S. Bancorp warned of looming deterioration in their loan books.
June 3 -
Alorica Inc., a customer service company, has acquired Expert Global Solutions, a call center operator that supports accounts receivable management firms.
June 3 -
A federal court jury in Utah delivered a verdict in favor of the FTC against three Utah-based firms and their owner, finding that they engaged in deceptive and unlawful telemarketing campaigns.
June 3 -
Chemung Financial in Elmira, N.Y., is set to form an insurance unit.
June 3 -
The Electronic Payments Coalition's arguments supporting Visa in its legal battle with Walmart are not based in fact.
June 3
CMSPI -
Union Bankshares in Richmond, Va., will open a loan production office after hiring a team that worked at NewBridge Bancorp.
June 3 -
PRA Group Inc., a Norfolk, Va.-based debt-buying giant, announced Friday both the resignation of executive Neal Stern and a series of organizational changes.
June 3 -
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.
June 3
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The CEOs of banks that operate only online argued Thursday that their model is the way of the future. Not so fast, responded the heads of some of the nation's largest banks.
June 2 -
The Consumer Financial Protection Bureau's complex payday lending proposal is sparking concerns that state legislatures will try to repeal existing usury laws and allow a parade of pro-payday-lending bills to move forward.
June 2
