Banking

The FDIC told a federal court here last week it should allow NCUA to extend the nominal statute of limitations on securities claims against several Wall Street banks that sold mortgage-backed securities to five failed corporate credit unions because the 1989 S&L bailout law allows for the extension.

Social channels may encourage complaints, but it is in banks’ best interests to publicly demonstrate they are fixing the problem.

Corporate cardholders have complex needs, Citi Commercial Cards has learned in developing its mobile corporate card portal.

Bank of America (BAC) rewarded staff with cash bonuses and gift cards for meeting quotas tied to sending distressed homeowners into foreclosure, former employees said in court documents.

EUGENE, Ore. – Fast-growing Northwest Community CU will break ground Monday on a new 67,000-square-foot headquarters, which will provide one-third more space than its current offices.

To keep costs down, insurers are exercising their right under the Affordable Care Act to insist consumers pay their premiums via automatic bank withdrawal. The Department of Health and Human Services is scrambling to make insurers accept plastic.

Ocwen's agreement to buy $78 billion in mortgage servicing rights from OneWest is part of a string of deals by it and other nonbanks meant to wring value from remnants of the mortgage meltdown that many banks seek to unload.

A recap of the informed opinions (and the discussions they generated) on BankThink and AmericanBanker.com this week.

Rough calculations reveal that the Greensboro, N.C., company could be pledging nearly $2 million in tangible common equity to back Security Savings' assets.

Square has completed a major overhaul of the cloud-based Square Wallet, which allows consumers to make purchases from a linked payment card by "checking in" at a Square merchant. Here are some of the key differences in the new Wallet app.

Swift's offshoot Innotribe held a startup competition Thursday. Winners' products centered on mobile fraud, crowdfunding and P2P mobile payments.

A growing number of multibank holding companies have decided that cutting costs is more important than having a local face in certain communities.

Straightening out bad actors is fine, but it won’t resolve the inconsistencies and consumer confusion about overdraft protection cited by the Consumer Financial Protection Bureau.

Bankers defended force-placed insurance practices and dodged questions about alleged industry kickbacks and price gouging at a private but well-attended meeting hosted by the Federal Housing Finance Agency.

The nation's highest court is expected to announce Monday whether it will hear arguments in a case with the potential to dramatically lower banks' exposure to allegations of lending discrimination.

Mountain America Credit Union is placing a mobile and internet banking specialist in each of its 76 branches.

The technology giant announced Friday that it's adding two-factor authentication to its Azure cloud computing platform.

The $625 million-asset BNCF Financial will pay about $5 million in cash for the $75 million-asset Wilton. BNC Financial said it expects no tangible book value dilution after the deal is completed.

The public's confidence in U.S. banks is up five percentage points from a year earlier, to 26%, according to a poll released Friday by Gallup.

Banks that have made the leap to Microsoft's cloud-based office productivity software, Office 365, will want to check out the company's Office 365 app in the iTunes Store, which made its debut Thursday.