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The plaintiff seeks class-action status, alleging World Acceptance misled investors and failed to disclose unfavorable business facts.
July 7 -
The Federal Trade Commission added new charges of mobile cramming to a complaint filed against an operation that allegedly sent millions of unwanted text messages and robocalls to consumers.
July 7 -
Many small banks lack the resources to make necessary investments in cybersecurity. One solution could be to institute regional centers that would allow banks to pool resources, train staff and investigate potential breaches.
July 7
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New federal requirements for private mortgage insurers aim to standardize coverage across the market. That's left some companies looking for ways to distinguish their products as they vie for lenders' business.
July 7 -
A disparate-impact ruling against a small Texas bank was supposed to lower the cost of small-dollar loans for Hispanic borrowers, but it has instead had the opposite effect, writes Attorney Peter Weinstock.
July 7 -
GNB Financial Services in Gratz, Pa., has agreed to buy FNBM Financial in Minersville, Pa.
July 7 -
Regulatory requirements that bar homeowners with imperfect credit scores from receiving a mortgage are hurting minorities and the economy as a whole.
July 7 -
MainStreet Bank (MNSB) in Fairfax, Va., reported higher profits on double-digit loan and deposit growth in the second quarter.
July 3 -
Plaza Bank (PZBW) in Seattle has raised $4.2 million through a stock offering. The $79 million-asset bank said in a press release Thursday that unnamed individual investors participated in the offering.
July 3 -
SunTrust Banks (STI) has agreed to pay as much as $320 million to settle an investigation into its administration of Home Affordable Modification Program loans.
July 3
