Consumer banking
Consumer banking
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The move likely foreshadows the market impact of proposed regulations requiring prepaid card issuers to assess consumers' ability to repay before extending credit.
January 30 -
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from social media platforms and the blogosphere.
January 30 -
The American Civil Liberties Union filed a federal lawsuit Thursday against a judge in Georgia and Judicial Correction Services, claiming the private company's debt collection practices led to poor people being jailed because they couldn't pay.
January 30 -
Great Western Bancorp in Sioux Falls, S.D., reported lower profit in its first quarter since completing its initial public offering.
January 30 -
The Bancorp in Wilmington, Del., reported a quarterly loss as it racked up higher expenses to resolving anti-money laundering issues.
January 30 -
Two car title lenders settled Federal Trade Commission charges requiring them to stop using deceptive advertising to market title loans. The complaints mark the first time the FTC has taken action against car title lenders.
January 30 -
Two Republican legislators have suggested that affordable housing funding should be put on hold until Congress finally decides what to do about Fannie and Freddie. But why give Congress another six years to fiddle around with housing finance while the poor and homeless face a declining level of government housing assistance?
January 30 -
Community & Southern Holdings in Atlanta has agreed to buy Community Business Bank in Cumming, Ga.
January 30 -
MasterCard Inc., the second-largest U.S. payments network, posted fourth-quarter profit that beat analysts' estimates as customer spending climbed.
January 30 - California
The ability of Somali-Americans to send cash home to their relatives is again in peril after a California bank decided to stop facilitating the money transfers, according to a foreign aid organization that has been monitoring the situation.
January 30 -
WASHINGTON The Consumer Financial Protection Bureau on Thursday proposed a series of regulatory relief measures for small institutions, especially those in rural areas, to help them provide credit while they try to follow the agency's tough mortgage rules.
January 30 -
Federal Reserve officials suggested that anonymous payments and the technologies powering digital currencies could inform broader plans for reshaping the U.S. payment system.
January 29 -
TCF Financial took $44 million in charges to rid itself of mortgages made before the housing collapse. A distressed-asset investor purchased more than $400 million in loans from the company, and another pool of bad mortgages may be marked for sale soon.
January 29 -
In yet another revision of its mortgage rules, the Consumer Financial Protection Bureau proposed making it easier for small and rural lenders to make "qualified mortgages." Industry representatives said the changes are poised to make a big difference.
January 29 -
Visa, the world's largest payments network, posted fiscal first-quarter profit that beat analysts' estimates as card spending increased. The company announced a 4-for-1 stock split.
January 29 -
Green Dot reported a net loss in the fourth quarter as it spent money to diversify beyond its flagship prepaid card business.
January 29 -
The Consumer Financial Protection Bureau plans to review loan modifications offered by private student lenders, a business that the agency has said victimized some borrowers with subprime-style debt.
January 29 -
WASHINGTON The Treasury Department has exceeded its authority by keeping Fannie Mae and Freddie Mac in conservatorship so long and taking all their profits, two legislative experts said Thursday.
January 29 -
Federal regulators announced guidance Thursday that provides principles institutions should consider in setting policies and procedures for originating private student loans with graduated repayment terms.
January 29 -
Ally Financial faced tough questions Thursday about its strategy in the wake of the Detroit automaker's decision to use its own in-house financing arm for its entire subsidized lease business.
January 29



