Consumer banking
Consumer banking
-
A number of banks are on pace this year to surpass $10 billion in assets, which would subject them to heightened regulatory requirements such as stress tests and interchange fee caps. Several institutions have already announced big deals to cross that threshold. Here are 10 banks that could do the same.
March 23 -
The Consumer Financial Protection Bureau has implemented a new rule that broadens the ability of lenders in rural and underserved areas to originate qualified mortgages.
March 23 - WIB PH
CIT Group laid out plans to boost profitability and cut costs as Ellen R. Alemany takes over as chief executive officer of the commercial lender from John Thain, who's stepping down at the end of the month.
March 23 -
The first protection a consumer needs is the assurance that any new reforms will not inadvertently drive all regulated credit from the market.
March 23 -
Northwest Bancshares in Warren, Pa., has agreed to buy Best Insurance Agency, an employee benefits and property and casualty insurance firm in Butler, Pa.
March 23 -
Central Bancshares in Muscatine, Iowa, has agreed to buy Brimfield Bank in Brimfield, Ill.
March 22 -
The Consumer Financial Protection Bureau has implemented a new rule that broadens the ability of lenders in rural and underserved areas to originate qualified mortgages.
March 22 -
California Republic Bancorp, which has been aggressively originating and securitizing auto loans for years, is keen on revving up the engine to expand from a 10-state area to a national platform.
March 22 -
Military families and service members are submitting debt collection complaints at twice the rate of other consumers, the Consumer Financial Protection Bureau said Tuesday in a report.
March 22 -
Bakhshi, who takes over as CEO in June, brings with her a track record of innovation and a reputation for getting the most out of her teams.
March 22 -
The CFPB released an annual report Tuesday that revealed service members have been submitting debt collection complaints at nearly twice the rate of non-military consumers.
March 22 -
ChoiceOne Financial Services in Sparta, Mich., will begin work on remodeling its bank's headquarters in May.
March 22 -
The agency may finally be reaching resolution on whether Fannie Mae and Freddie Mac will allow principal reductions, two years into Director Mel Watt's tenure as agency director and nearly a decade after the mortgage bubble burst.
March 22 -
West Virginia Attorney General Patrick Morriseys office has reached a $19.7 million settlement with Cavalry Portfolio Services in a six-year-old case where the debt collection firm faced accusations of pursuing debts in West Virginia without a license to do so.
March 22 -
The Consumer Financial Protection Bureau faces a tough balancing act as it seeks to issue a proposal to rein in high-cost payday loans.
March 22 -
Todd Sherman, who with his brother Tyler Sherman co-founded mortgage software developer Motivity Solutions, has died.
March 22 -
The sheer volume of regulations adds time and expense to closings without much benefit when consumers main interest is to get funds as quickly as possible.
March 22 -
South State in Columbia, S.C., has promoted one of its executives to become chief executive of its bank.
March 22 -
The Federal Trade Commission cautioned the collection industry to avoid buying, selling or collecting any alleged payday loan debt portfolios serviced by AMG Services.
March 22 -
An activist investor is laying the groundwork for a potential proxy battle with Seacoast Banking Corp. of Florida in Stuart.
March 21




