Banking

While customers were losing faith in banks, they were falling in love with tech. Banks will have to start changing their message if they're going to catch up, according to consultant Chiaki Nishino.

New York financial regulators filed a lawsuit Tuesday against a bank that allegedly denied access to mortgage loans to predominately African-American neighborhoods in Buffalo, N.Y.

Zions Bancorp. in Salt Lake City added banking veteran John Erickson to its board.

Pacific Premier in Irvine, Calif., has raised approximately $59 million through a private placement.

As banks lower down payment requirements and graduates get a handle on student loan debt, young people in their twenties and thirties are inching back toward homeownership, according to equity research analyst Ivy Zelman. "The perception that no millennial is buying today is just false," Zelman says.

The collection agency violated the law by sending a collection letter that could have identified the debtor.

The Bank of Napa has established a relief fund for victims of the recent California earthquake, which was centered in the bank's local area.

Prudential Bancorp in Philadelphia has agreed to add a director recommended by activist investor Seidman Group.

Moody's Investors Service downgraded two servicer ratings for Ocwen Loan Servicing, reflecting additional scrutiny by regulators and concerns about the nonbank mortgage servicer's ability to ensure timely payments to bondholders.

More U.S. banks are dropping Somali money transmitters as regulators crack down on the risk of terrorist financing at remittance houses serving the war-torn East African nation. Banks are familiar with regulatory tight spots, but rarely do their responses have life and death consequences, as is the case here.

Fintech startup Stockpile lets banks sell stocks as virtual gift cards through their online banking portals.

Barclays Bank is planning to open a global technology support center in McKinney, Texas.

As consolidation heats up, bankers are pushing back against lawsuits challenging a deal's merits. Experts say the law firms pursuing litigation are motivated by fees and often withdraw when bank lawyers use legal maneuvers to lengthen the process.

Bank of America has taken a significant reputational hit as a result of its 2008 acquisition of Countrywide Financial. Could it have mitigated some of the damage with a different branding strategy?

Beer and wine are often used to lower inhibitions about anything new. Why should payment technology be any different? Many companies that manufacture or sell alcohol are at the forefront of payments innovation.

The Consumer Financial Protection Bureau has turned to a technology expert for a little help.

Fannie Mae plans to sell its Washington, D.C., headquarters building within the next three years as it consolidates several office sites into a single location, the mortgage finance company announced Thursday.

A Massachusetts mutual's failure to gain depositor approval for a conversion suggests a way for small towns to push back against the loss of their local banks, according to lawyer Kevin Handly.

Regulatory delays have forced ViewPoint Financial in Plano, Texas, and LegacyTexas Group in Plano to push back the closing date for their planned merger a second time.

Great Western Bancorp in Sioux Falls, S.D., has filed documents for an initial public offering.