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The Massachusetts senator wants to induce more competition and diversity in the banking industry and improve the economic prospects of a majority of Americans. Both changes would benefit the financial services sector as a whole.
February 5
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JPMorgan Chase has launched a multiyear examination of its philanthropic division, providing $10 million to the Urban Institute to study the impact of its charitable initiatives.
February 5 -
A group of Utah-based defendants claiming to be legal experts in loan modifications have settled Federal Trade Commission charges that they broke the law by conning consumers into paying hefty fees for apparently worthless debt relief services.
February 5 -
Two former Sallie Mae executives have started a new student loan financing company.
February 5 -
Most families are on financially unsteady ground even as the national economy appears to be recovering from the recession, according to a new analysis.
February 5 -
It's not enough for bank chiefs to delegate digital responsibilities to younger staffers. Only by understanding the mentality of tech-savvy customers can bank leaders develop smart strategic planning.
February 5 -
The expiration of the federal Protecting Tenants at Foreclosure Act leaves servicers dealing with a patchwork of state laws and investor rules, while renters living in REO properties are at a greater risk of eviction.
February 5
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MutualFirst Financial in Muncie, Ind., is facing a proxy battle from two of its investors.
February 5 -
National Penn Bancshares in Allentown, Pa., has agreed to repurchase $75 million of its common stock held by Warburg Pincus.
February 5 -
A new report on zombie foreclosures found that as of the end of January, 142,462 homes actively in the foreclosure process had been vacated by the homeowners before the bank repossessed the property, accounting for 25% of all active foreclosures.
February 5
