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NCO Financial Systems, a collection agency arm of Horsham, Pa.-based NCO Group, plans to lay off 107 workers at its Virginia Beach, Va. call center, according to a notice filed with the Virginia Employment Commission.
March 10 -
AIG's United Guaranty Corp. has again elected to go off on its own and will not join the new trade group being formed by the other private mortgage insurers.
March 10 -
The Consumer Financial Protection Bureau issued a formal notice that it will mail surveys to consumers to learn about their experiences with debt collectors. Specifically, the survey will ask whether consumers have been contacted by collectors and whether they recognized the debt being collected.
March 8 -
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Zaio Corp. (ZAO), a Canadian company that tracks property values in the U.S., is in talks to acquire Axis Appraisal Management Solutions in San Rafael, Calif.
March 7 -
BOK Financial Corp. (BOKF) in Tulsa, Okla., has agreed to buy MBM Advisors, a wealth management firm based in Houston.
March 7 -
The rising generation of young Americans not only have little loyalty to banks, according to a three-year survey of 10,000 people born between 1981 and 2000 many also believe that traditional financial institutions are on their way to irrelevance.
March 7 -
Taking their cues from popular consumer brands and digital upstarts, financial institutions are modernizing their websites, ATMs, and mobile apps in hopes of creating a better digital banking experience and, ultimately, attracting and retaining more customers.
March 7 -
Record profits at agriculture-focused rural banks could be coming to an end. Farm revenue is expected to decline sharply this year, and ag lenders are watching warily to see if this is a one-year blip or the start of a downturn.
March 7
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A spike in consolidation is expected to provide growth-minded banks with more opportunities to lure executives and commercial lenders.
March 7
