Consumer banking
Consumer banking
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The CFPB wants to expand banks' data reporting requirements under the Home Mortgage Disclosure Act. But this would impose even greater costs upon local financial institutions that are already overburdened by regulation.
March 20 -
The National Foundation for Credit Counseling has received a grant award totaling $2.3 million from NeighborWorks America to support foreclosure prevention efforts through its Member Agencies.
March 19 -
Alongside the requisite ATMs and tablet-bearing salespeople, a New York credit union has installed touchscreens where customers can visualize a path to realizing their financial goals. Wells Fargo is taking a similar approach to credit education online.
March 19 -
The long-standing practice of banks and mortgage lenders paying real estate brokers and homebuilders for referrals could soon be coming to an end.
March 19 -
To shake off years of sluggish growth, Citizens Financial is going hard after asset classes that other banks are starting to back away from. The Providence, R.I., company says the growth opportunity outweighs the risk.
March 19 -
The agency's interpretation of a Respa rule could put an end to the long-standing practice of mortgage lenders paying real estate agents and homebuilders to send business their way.
March 19 -
Ally Financial in Detroit announced its second big management change in less than two months.
March 19 -
U.S. Bancorp has hired a former Santander Bank executive to oversee the diversified industries segment of its large corporate banking division in New England.
March 19 -
WASHINGTON The Consumer Financial Protection Bureau finalized a contentious policy Thursday allowing customers to describe their banking experiences more fully on the agency's complaint portal.
March 19 -
If successful, Provident Bank in Massachusetts and Cincinnati Federal in Ohio would become the first new mutual holding companies since 2011, giving some hope that the structure could make a comeback.
March 19 -
Women bankers who want a family and a fulfilling career should focus on building a strong support system outside of work, or else opportunities will pass them by, according to panel of senior women executives at HSBC.
March 19 -
Banks charge merchants a quarter each time customers swipe their debit cards even though the mean cost of processing debit-card purchases has fallen to 4.4 cents. The Federal Reserve should ensure that the falling cost of debit-card processing is matched by lower fees.
March 19 -
Countries including Brazil, Nigeria, Malaysia and India have proved that there are viable ways to find alternatives to branches, use mobile devices to increase the reach of financial services and roll out government-supported financial inclusion projects.
March 19 -
Target agreed to settle with more than 100 million customers whose personal information may have been breached in a database hack in 2013, among the biggest to hobble retailers and banks in recent years.
March 19 -
Kevin Cummings, the New Jersey company's CEO, transformed Investors to sizable bank prior to its second-step conversion last May. With $2.2 billion in capital and an updated core system, Cummings has his sights on the company's next growth phase.
March 18 -
Four Oaks Bank in North Carolina has named Warren "Rocky" Herring its chief credit officer. Herring had held the same job at Premier Commercial Bank in Greensboro, N.C., before NewBridge Bancorp bought it last month.
March 18 -
Ocwen Financial has delayed filing its 2014 results and announced the sale of more servicing rights.
March 18 -
WSFS Financial in Wilmington, Del., has made a number of executive changes following the planned departure of its chief financial officer.
March 18 -
Branch closures can prompt online blowback as community members worry about employee layoffs and stranded customers. A bank's best move is to get in front of the issue and respond directly to locals' concerns.
March 18 -
Hoping to deliver relief to Americans pounded by the financial crisis, the government has poured billions of dollars into NeighborWorks America, a sort of Red Cross for homeowners. But a close look at the group reveals a house in disorder with sweetheart contracts, document fudging and unexplained departures of top officials.
March 18



