Consumer banking
Consumer banking
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A joint complaint filed Thursday by federal regulators, if approved by the court, would require Provident Funding Associates to pay $9 million in damages to African-American and Hispanic borrowers for charging higher broker fees on mortgage loans.
May 28 -
Mercantile Bank in Grand Rapids, Mich., has named a new chief executive for its bank unit as it overhauls its leadership in the wake of the retirement of its chairman.
May 28 -
Discover Financial Services has entered into a written agreement with the Federal Reserve to improve its anti-money laundering procedures.
May 28 -
Provident Funding Associates, a private mortgage lender, has agreed to pay $9 million to settle allegations its brokers charged minorities higher fees and interest rates, federal regulators said Thursday.
May 28 -
Pacific Premier Bancorp in Irvine, Calif., has named Allen Nicholson chief financial officer.
May 28 -
TCF Financial has designed a new logo and launched a new marketing campaign to improve its image, which has taken a hit lately according to recent customer-satisfaction surveys.
May 28 -
Banks with more than $1 billion of assets are now required to report overdraft income in their call reports. Data released Wednesday reveals which banks rely most heavily on revenue from overdrafts and which could be most vulnerable to looming changes in overdraft regulations.
May 28 -
Recognizing that twice as many customers use online banking as mobile banking, the San Francisco bank has invested in a redesign of its website, an area many banks have neglected of late.
May 28 -
Burdensome requirements prevent consumer reporting agencies from providing people with educational materials in a timely manner. The Facilitating Access to Credit Act would remove these arbitrary barriers.
May 28 -
American State Bancshares in Wichita, Kan., has agreed to acquire three Kansas branches from Simmons First National.
May 28 -
The head of the FCC on Wednesday circulated a fact sheet on a proposal aimed at clarifying robocall regulations, among other issues. While the sheet is light on details, at least one consumer group praised the action.
May 28 -
Cheviot Financial in Cincinnati said that Chairman Robert L. Bob Thomas died unexpectedly on Saturday.
May 28 -
An Atlanta collection agency will shut down after its owner settled alleged violations of the Georgia Fair Business Practices Act. The deal requires him to stay out of the industry for five years or pay a $445,000 penalty.
May 28 -
If you think bank marketing is all, or even largely, about advertising, think again. As fewer customers make regular trips to branches, banks are relying more on their marketing departments to connect with the public. We asked bank marketing executives around the country to talk about the challenges they face and how their roles have evolved. Here are some of their responses.
May 28 -
The $447 million-asset Inland Northwest said Russell Lee will take over as CEO on June 29.
May 27 -
Community banks had a banner first quarter, federal regulators said Wednesday but it may come at a problematic time, politically speaking. The Quarterly Banking Profile may only deepen some lawmakers concern that small banks do not need regulatory relief if they are performing so well.
May 27 -
Southwest Bancorp in Stillwater, Okla., has agreed to buy First Commercial Bancshares in Edmond, Okla.
May 27 -
Green Bancorp in Houston has agreed to buy Patriot Bancshares, saying it will pay $139 million in common stock for the $1.3 billion-asset parent of Patriot Bank.
May 27 -
San Diego-based Mitek, a firm that specializes in capturing mobile data for customer acquisition, has acquired Dutch identity verification company IDchecker.
May 27 -
Valley National Bancorp in Wayne, N.J., announced its second deal in Florida, a state that has been difficult for other out-of-state banks to enter.
May 27






