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A former leader of the Consumer Financial Protection Bureau on Thursday will announce the launch of Fenway Summer LLC, a startup mortgage lending and business advisory firm.
June 6 -
About half of the customers who use JPMorgan Chase's Liquid prepaid card are financially underserved, and 30% of them have no other relationship with a bank, an executive said on Thursday.
June 6 -
Atlantic Coast Financial Corp. has settled litigation with shareholders who objected the terms of its proposed merger with Bond Street Holdings.
June 6 -
Branch transaction volumes are dropping but many banks continue to view physical facilities critical to acquiring customers, originating loans and branding businesses: The branches just need a different, lower-cost design.Wells Fargo (WFC), Bank of the West and Umpqua (UMPQ) are among the banks scaling down branches and eliminating teller windows. Here's a photo sampling of branch concepts that do away with the need for larger real estate.
June 6
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The average rate for a 30-year fixed mortgage has risen for each of the past four weeks and is now at the highest level in a year, according to Freddie Mac, and the message for many home buyers is clear: buy quickly.
June 6 -
Law enforcement officials have arrested 11 people suspected in a $200 million global credit card fraud operation, according to the Serious Organized Crime Agency, a unit of the British government.
June 5 -
Virginia Heritage Bank in Tysons Corner has begun a common stock offering.
June 5 -
VeriFone is blunt about the issues plaguing the terminal maker and is working to restore its customers' confidence as it seeks a permanent chief executive.
June 5 -
They have spent the last few years building mass through acquisitions, but AmericanWest Bank and First PacTrust Bancorp are now shedding the nonessential parts.
June 5
