Consumer banking
Consumer banking
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Pennsylvania regulators filed a lawsuit against an operation that allegedly ran an illegal online payday loan scheme. The suit names several collection agencies as defendants.
November 14 -
Nonbank acquisitions require a certain level of expertise, John Allison writes in his new book. In this excerpt, he discusses how BB&T views the insurance business and why he stuck with subprime auto finance when others bailed. Part 4 of 5.
November 14 -
John Hairston will stay in the newly combined role, while Carl Chaney plans to retire on Dec. 31. Hancock has been pressed by Wall Street in recent years to get more aggressive cutting costs after buying Whitney Bank.
November 14 -
An Orlando, Fla.-based operation that allegedly bilked seniors by using pre-recorded robocalls to sell supposedly free medical alert systems has agreed to shut down to settle charges brought by the Federal Trade Commission and the Florida attorney general's office.
November 14 -
A U.S. Treasury Department pilot program involving taking over the collection of defaulted student loan accounts could mean the work eventually will be pulled from private debt collection agencies.
November 14 -
Fannie Mae has entered into deals with JPMorgan Chase and other companies that transfer some of the credit-loss risk on mortgage-backed securities to investors. Not only do these deals reduce the danger that taxpayers could be forced to cover the GSEs' losses, they may help make mortgages more affordable.
November 14 -
Royal Financial in Chicago has agreed to buy PNA Bank in Chicago.
November 14 -
Kim Kardashian may be an overexposed reality star, but she's also a tech entrepreneur with a short-lived past in the payments industry. And several companies in the Bitcoin space are repeating her biggest mistake by offering a plastic payment card.
November 14 -
New York financial regulator Benjamin Lawsky held up the deal shortly after it was announced in January, and regulatory and legal concerns had mounted since then.
November 13 -
Bank industry representatives initially panned the concept of the Postal Service offering retail banking products. But as the government official behind the idea has made clear that he is interested in collaboration with the private sector, attitudes have begun to change.
November 13 -
Iberiabank Corp. in Lafayette, La., was initially willing to pay up to $24 million more than what it eventually agreed to pay for Florida Bank Group in Tampa.
November 13 -
WASHINGTON The Consumer Financial Protection Bureau slapped Franklin Loan Corporation with a $730,000 fine on Thursday for allegedly incentivizing loan officers to guide customers into mortgages with higher interest rates.
November 13 -
For the fifth year in a row, Quicken Loans is rated No. 1 by consumers in terms of customer satisfaction, according to a J.D. Power survey.
November 13 -
Trade groups press federal banking regulators to make the Basel III capital rule less onerous.
November 13 - Delaware
Wells Fargo plans to sell an $8.5 billion portfolio of federal student loans to Navient, the educational loan servicer that recently split off from Sallie Mae.
November 13 -
Transparency about the diversity of companies workforces can promote the hiring and advancement of women, while role models like Janet Yellen help pave the way for more female leaders.
November 13 -
First Artesia Bancshares in Artesia, N.M., has merged two of its banks.
November 13 -
Community banks, on average, increased the size of their loan portfolios by 15% in the third quarter from a year earlier, though the numbers reveal a slowdown from prior periods.
November 13 -
A suburban Chicago collection agency was the subject of a television news report after a former employee spoke out about alleged collection tactics the agency uses to target unsuspecting consumers.
November 13 -
J. Thomas Wiley will become chief executive of the company's banking unit. The move could free up Joe Evans, the company's CEO, to focus on deploying capital, which could include more acquisitions.
November 13




