Consumer banking
Consumer banking
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Mortgage servicers have failed to make significant investments in technology and compliance systems, resulting in substantial harm to consumers, according to a report issued Wednesday by the Consumer Financial Protection Bureau.
June 22 -
Southern Banc in Gadsden, Ala., said it could report a loss for its fiscal year after recording a charge tied to a bad loan.
June 22 -
Of all the changes in the banking industry over the last eight years, this one is perhaps most surprising: the bank that was once synonymous with high finance now takes deposits as small as $1. Here is a look at key steps in Goldman Sachs' decision to look beyond its roots in investment banking and develop a retail business.
June 22 -
WASHINGTON Industry and consumer groups are calling on the Federal Housing Finance Agency to reduce the loan fees that homebuyers have to pay on Fannie Mae and Freddie Mac guaranteed mortgage loans.
June 22 -
For some banks, gone are the days of just using social media to update followers on branch hours. Increasingly, banks are using sites like Twitter and Facebook for something much larger.
June 22 -
Santander InnoVentures has invested in a fintech startup that uses consumers' digital footprint data, including social media, to confirm identity.
June 22 -
The $5.3 billion-asset company said in a press release Tuesday that it will buy two branches in the California markets of Granada Hills and Burbank from the $7.3 billion-asset Boston Private Financial Holdings in Boston.
June 22 -
First Mid-Illinois signed a confidentiality agreement last fall to pursue a mystery bank in Illinois. It soon discovered that the bank First Clover Leaf was an institution it had heavily courted three years earlier.
June 22 -
Regions Financial in Birmingham has restructured its small and middle-market banking business, and tapped Bill Horton a 42-year veteran of the company to oversee the division.
June 22 -
Contrary to doom-and-gloom attitudes of some about banks' ability to compete for millennials' business, the industry will build on its history of innovation to meet the technology needs of future customers.
June 22 -
Two directors have resigned at 1st Constitution Bancorp as part of a dispute over changes to the Cranbury, N.J., company's board structure.
June 22 -
First Bancorp in Southern Pines, N.C., has agreed to buy Carolina Bank Holdings for $97.3 million, or $19.26, in cash and stock.
June 22 -
Evidence that regulators consider institution size when evaluating accounting compliance should encourage banks worried about the new loan-loss reserving standard.
June 22 -
Kabbage is licensing its digital lending technology to one of Canada's largest banks, which plans to offer an online application process to small businesses.
June 22 -
Prosper Marketplace is rolling out a revamped website that is designed to make loans it sells more attractive to individual investors.
June 22 -
A small Boston bank is betting it can attract tens of thousands of millennials by giving them a chance to pay off their student loans a few months early, rather than offering more common incentives such as interest on their deposits or airline miles for their purchases.
June 21 -
U.S. Bank in Minneapolis has hired retail veteran Beau Gray to head its omnichannel experience team.
June 21 -
Mascoma Savings Bank in New Hampshire spent six months searching for a new president and chief executive before selecting one of its directors for the job.
June 21 -
More institutions are willing to pursue small acquisitions, or rely on organic growth, to cross over a regulatory threshold that includes interchange fee caps and stress testing. A big reason is that bankers are becoming more comfortable with the financial toll of such regulation.
June 21 -
Bank of America is betting on consumers future intentions over their current actions when it comes to building its digital wallet strategy.
June 21





