Consumer banking
Consumer banking
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Bank of America reported its best quarterly profit in more than a year, but with revenue declining and expense-reduction slowing, it is unclear where the company can turn to boost earnings. Similar questions are plaguing many banks as the latest earnings season unfolds.
April 15 -
LendKey, a white-label marketplace lender that partners with credit unions and community banks, has reached a deal to sell MidCap Financial up to $1 billion in student-consolidation loans.
April 15 -
Mike Cagney of Social Finance, honored Wednesday at LendIt's innovator of the year, chalks up his success to his company's "relationship-driven" model.
April 15 -
Westamerica Bancorp. is delaying its plan to shutter a small branch in Upper Lake, Calif., to give community leaders more time to convince another bank or credit union to set up shop there.
April 15 -
Former Treasury Secretary Larry Summers, who sits on Lending Club's board, said in a speech Wednesday that such technology-focused marketplace lenders should be given a fair chance to compete.
April 15 -
Bank of the Ozarks could raise more capital, especially if a rising number of unfunded loans convert to funded credits. Management is also keeping an eye on credit quality, raising certain standards and selling some syndicated loans.
April 15 -
Hudson City Bancorp faces a U.S. government investigation into discriminatory lending practices, according to two people familiar with the matter, posing a potential new hurdle in the bank's long-delayed sale to M&T Bank Corp.
April 15 -
Westamerica Bancorp.'s profits fell again in the first quarter as a result of management's decision to shrink its loan portfolio and load up on lower-yielding investment securities
April 15 -
Boston Private Financial Holdings and its bank have shuffled some key executive posts.
April 15 -
The world needs a financial system that moves money with real-time transparency while upholding the highest level of security and privacy. Digital currency and mobile money services can help get us there.
April 15 -
Debt buyer Asta Funding agreed Wednesday to settle charges brought by New York regulators for allegedly pursuing improper debt collection tactics against hundreds of consumers in the state.
April 15 -
Orchard Platform, an analytics firm that pairs institutional investors with marketplace lending platforms, has launched an investment-manager database
April 15 -
FDIC Vice Chairman Tom Hoenig outlined a new measure to grant reg relief, one based on activity rather than size. While his vision would grant 94% of banks substantial relief, he objected, however, to exempting institutions from the Volcker Rule.
April 15 -
A medical debt relief bill in Minnesota would give consumers the right to go to court to stop a collection action on medical debt that violates federal IRS rules.
April 15 -
The banking industry as a whole will survive startups. But many individual banks will fail to make the changes necessary to stay relevant in a rapidly changing market.
April 15 -
MasterCard Inc. and Target Corp. are in talks about a settlement in which the retailer would pay banks about $20 million for costs they incurred in its 2013 data breach, a person familiar with the matter said.
April 15 -
PNC Financial Services Group posted profit that beat analysts' estimates as commercial lending accelerated.
April 15 -
Bank of America Corp., the second-biggest U.S. lender by assets, posted a $3.36 billion first-quarter profit that beat analysts' estimates, as legal costs tumbled.
April 15 -
U.S. Bancorp posted profit that matched analysts' estimates on gains in mortgage-banking revenue.
April 15 -
A lawsuit filed last month by four student loan debt collection companies against the U.S. Department of Education was dismissed Tuesday by a federal judge.
April 15



