Consumer banking
Consumer banking
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Bank of the West has launched a new program in which it loans star employees to local nonprofits. Apart from deepening its community ties, the program is giving the bank fresh insight into what makes nonprofits tick while providing valued staffers with new growth opportunities.
May 25 -
Yadkin Financial, a North Carolina community bank, is exploring a sale and working with Sandler O'Neill & Partners to solicit offers, according to people familiar with the matter.
May 25 -
Wells Fargo & Co. agreed to pay a $70 million penalty in ending the bank's five-year fight to settle legal claims over foreclosure missteps after the 2008 credit crisis.
May 25 -
Two operations that allegedly ran student loan debt relief schemes are being targeted by the FTC and regulators in Florida while defendants in a similar action brought earlier this year agreed to a ban.
May 25 -
When it comes to earning consumer loyalty with user-friendly mobile banking tools, everyday interactions can matter more than momentous ones.
May 25 -
All five directors at Seacoast Banking Corp. of Florida in Stuart were re-elected despite a protest vote from the company's biggest investor.
May 25 -
Bridgepoint Education, the parent company of Ashford University, announced in a corporate filing that it has received a second subpoena related to investigations by the California attorney general's office and the CFPB.
May 25 -
The debate over speeding up payments transactions should consider the necessity of allowing consumers time to rethink and abort their purchases.
May 25 -
Coin-counting machines came into vogue in the 1990s when Commerce Bank started installing "Penny Arcades" in its branches throughout New Jersey. They were a huge hit for a while. Ex-Commerce CEO Vernon Hill used to credit the presence of coin counters for helping to drive deposit growth at his bank in the early 2000s. But banks have soured on the machines in recent years as usage declined and maintenance costs increased. Capital One pulled the plug on its machines in 2014 and two of its rivals, TD Bank and PNC Bank, followed suit this year. Here are some milestone moments in coin-counting history.
May 25 -
The due-diligence firms that vet loans before securitization are erring on the side of caution when assessing the risk to investors of liability from the new consumer mortgage disclosure rules.
May 24 -
The San Francisco bank isn't interested in making splashy investments in technology. At an investor day event Tuesday, Wells executives said they would focus on taking incremental steps to reduce costs and improve customer experiences.
May 24 -
Silicon Valley Bank in Santa Clara, Calif., has launched a program that lets new customers sign up for accounts using electronic signatures.
May 24 -
Mackinac Financial in Manistique, Mich., has agreed to buy Niagara Bancorp. in Niagara, Wis.
May 24 -
CenterState in Florida and Union Savings in Connecticut are adding specialists to their retail locations at a time when many other banks are cutting back or have been relying heavily on universal bankers.
May 24 -
RCB Bank in Claremore, Okla., has agreed to buy CornerBank in Winfield, Kan.
May 24 -
As drilling has slowed, energy firms have had to lay off workers, many of whom are falling behind on their bills compounding the troubles of banks already dealing with higher commercial loan delinquencies in the same markets.
May 24 -
Everyone agrees that electronic transactions should be as safe as possible, but a PIN mandate will not prevent online or mobile fraud.
May 24 -
First Internet Bancorp in Indianapolis plans a secondary offering of about $20 million of common stock.
May 24 -
During the ascension of marketplace lending, banks responded to the competitive threat in several different ways. Now some banks are better positioned than others to take advantage of the online sector's recent woes.
May 24 -
A Maryland jury delivered a verdict and $38 million judgment against a collection agency in a class-action lawsuit. It is the largest judgment against a collection agency in the state's history.
May 24






