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Payday lending activity increased in California last year, but the size of loans and fees charged both declined, according to a new report from California's banking regulator.
June 17 -
The settlement by the California agency and debt buyer forgives more than $600,000 in consumer debt. The company did not admit any wrongdoing.
June 17 -
American Founders Bank in Lexington, Ky., has agreed to sell itself to a real estate developer.
June 17 -
Six banks including JPMorgan Chase and Wells Fargo have been placed under further business restrictions after the Office of the Comptroller of the Currency determined they had yet to fully meet regulatory orders related to the independent foreclosure review which began in 2011.
June 17 -
Whether you're in the mood to read about the checkered history of the Vatican Bank or how Bitcoin's colorful cast of characters endeavor to shape the future of money, there's a book to suit every taste in this year's recommended reading list. Here's what American Banker's readers, staff and BankThink contributors are taking to the beach this summer.
June 17
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More than 1.5 million home buyers negatively impacted by the financial crisis could re-enter the mortgage market in the next three years, according to a study that also looked at how big of an impact the mortgage crisis had on consumer credit scores.
June 17 -
SmartFinancial in Pigeon Forge, Tenn., has hired a chief experience and strategy officer, ahead of its planned acquisition of Cornerstone Bancshares in Chattanooga, Tenn.
June 16 -
Royal Bancshares of Pennsylvania in Narberth has agreed to purchase a branch in Delaware County, Pa., from First CornerStone Bank.
June 16 -
Discover Financial Services will exit the residential mortgage-origination business that it acquired in 2012.
June 16 -
The Federal Deposit Insurance Corp. is set to revamp deposit insurance premiums to make them more risk-sensitive, targeting areas that caused institutions to fail during the financial crisis.
June 16
