Consumer banking
Consumer banking
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Banks need to take a hard look at the age-old practice of using signatures to authenticate card payments, Federal Reserve Gov. Jerome Powell said Thursday.
June 25 -
Banks have faced increased scrutiny of their treatment of customers since the creation of the Consumer Financial Protection Bureau, and BB&T and others have proven that the process can be managed. Old fights with regulators can be put in the past if banks work hard at it.
June 25 -
Despite some silver lining, analysts say the Supreme Court decision upholding "disparate impact" in fair-lending disputes will only embolden activists and regulators to bring more cases.
June 25 -
During a hearing Thursday, Democrats wanted to talk about anything but allegations of employee discrimination at the CFPB raised by recent American Banker articles. Instead, they wanted to focus on alleged discrimination by banks and other companies.
June 25 -
The CFPB updated database includes more than 7,700 consumer narratives of problems faced when dealing with financial companies - including collection agencies and credit card issuers. More than half of consumers who have complained since March chose to share details.
June 25 -
MidWestOne Financial Group in Iowa City, Iowa has raised $8.4 million in a private placement of its common stock.
June 25 -
Demand for automobile debt in the U.S. is enabling lenders to make longer loans to people with spotty credit, stoking concern that car shoppers are being lulled into debt loads they won't be able to sustain.
June 25 -
Atlantic Coast Financial in Jacksonville, Fla., has taken several steps to restructure its debt holdings, including prepaying $60 million in advances with the Federal Home Loan Bank and $56.3 million of securities sold under separate repurchase agreements.
June 25 -
RiverNorth Capital Management is seeking to establish a closed-end fund that would serve as a source of permanent capital for so-called peer-to-peer lenders.
June 25 -
If Congress fails to extend the Mortgage Debt Forgiveness Relief Act, thousands of homeowners still suffering from the effects of the housing crisis could be forced to pay federal income tax on loan modifications or foreclosures.
June 25 -
First Mariner Bank in Baltimore has been released from a six-year-old enforcement action, after the bank filed for bankruptcy last year and was acquired by a group of Baltimore investors.
June 25 -
ITT Educational Services, under fire for more than a year from the Consumer Financial Protection Bureau, responded Thursday to comments from a former bureau official.
June 25 -
Citigroup said Jonathan Larsen will add oversight of U.S. consumer banking and mortgages to his role as global head of retail banking, the first major management changes announced under new consumer chief Stephen Bird.
June 25 -
TransUnion said on Thursday that its initial public offering was priced at $22.50 per share, meaning the company is valued at an estimated $4 billion.
June 25 -
If approved, Core Commercial Bank would be just the third new bank to open in the U.S. since the financial crisis.
June 25 -
There's been a lot of talk about futuristic branches. Here's how two CUs have already implemented their own strategies to take their networks to the next generation.
June 25 -
nnovation consultant Larry Keeley says banks are about to undergo some dramatic changes that will in turn change how people think of them. Here's how he sees it playing out.
June 25 -
In their ongoing quest to undo the most burdensome provisions of the Dodd-Frank Act, bankers invite lawmakers to spend a day in their branches.
June 25 -
Its credibility damaged by shoddy lending and questionable accounting, the Birmingham, Ala., company rebuilt its reputation by putting customers and communities first.
June 25 -
We gauge what U.S. consumers think of 32 of the largest banks in our annual Survey of Bank Reputations with the Reputation Institute. Check out our special report to learn which banks achieved an 'excellent' reputation with customers for the first time since the survey began, get a case study of the 2015 reputation leader, Regions Financial, and read a Q&A for insight into how Huntington Bancshares is gaining esteem among both customers and noncustomers.
June 25


