Consumer banking
Consumer banking
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Retailers had made repeated efforts to reject two class-action settlements one with Visa and MasterCard, one with Amex to no avail, but a well-publicized scandal involving lawyer conduct has swept up both cases and given the critics a real shot at scuttling them.
July 30 -
Consumers hold tight to the belief that servicers are only concerned about their ability to make payments, despite a growing industry focus on customer experience.
July 30 -
Santander Consumer USA Holdings in Dallas reported higher profits due to a spike in gains on loan sales.
July 30 -
A recent FCC ruling lumps legitimate businesses in with the telemarketing abusers and will hold banks to unrealistic standards.
July 30 -
A new Government Accountability Office report found that the Internal Revenue Services uncollected tax debts rose 23% since 2009 to $380 billion while the agencys collection staff fell 23% during the same period after years of budget cuts.
July 30 -
ESSA Bancorp in Stroudsburg, Pa., has agreed to buy Eagle National Bancorp in Upper Darby, Pa., for $25.3 million.
July 29 -
Lenders have increasingly turned to niche businesses, such as equipment financing, to differentiate themselves from competitors. Some banks, like Bank of the Cascades in Oregon, are choosing complicated specialties like aircraft financing that may scare off potential rivals.
July 29 - Oklahoma
BOK Financial in Tulsa, Okla., reported higher second-quarter earnings as mortgage banking and loan growth offset an increase in expenses.
July 29 -
Commerce Bancshares Kansas City, Mo., has found its customers want to save the planet, but don't want to put in too much effort, so the issuer partnered with Sustain:Green for cards that offset carbon emissions.
July 29 -
EverBank Financial in Jacksonville, Fla., reported a 20% jump in second-quarter profit, driven by strong consumer and commercial loan volume.
July 29 -
A House Subcommittee on Communications and Technology hearing on the FCC's policy decisions prompted a discussion on the application of rules regarding robocalls.
July 29 -
One of the nation's largest non-profit colleges is facing an FTC investigation for allegedly deceptive marketing practices.
July 29 -
ATM operator Cardtronics and fuel retailer Sunoco have renewed their ATM services agreement, extending a 15-year relationship between the two companies.
July 29 -
UMB Financial in Kansas City, Mo., saw second-quarter profit decline as lower revenue from its Scout Investments subsidiary reduced fee income.
July 29 -
While rising rates may temporarily improve net interest margin and profits, they will not increase bank stock prices for at least three reasons.
July 29 -
TransUnion Corp. reported its second-quarter revenue increased 16% in the company's first quarterly financial report since its initial public offering.
July 29 -
Trustmark in Jackson, Miss., reported a dip in second-quarter earnings on shrinking profit margins and declining yields on earning assets.
July 29 -
West Virginia Attorney General Patrick Morrisey is looking into hiring a lawyer licensed in California to collect a $13.8 million judgment against loan company CashCall Mortgage.
July 29



