Consumer banking
Consumer banking
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Markind Law Group, a Cherry Hill, N.J. debt collection law firm, has won a court ruling in a case brought by a consumer who argued an arbitration provision included in his sales contract for a Ford Fiesta couldn't be enforced by the firm.
November 13 -
Texas Capital Bancshares in Dallas plans to raise about $150 million by selling common stock.
November 13 -
BB&T successfully bought a number of thrifts in the aftermath of the S&L crisis. Retired BB&T CEO John Allison explains his companys success while discussing how he sold deals to leaders of target institutions. Part 3 of 5.
November 13 -
A doctor and nurse in New York were arrested and charged with illegally billing Medicare and Medicaid, according to the state's attorney general.
November 13 -
BB&T's retired CEO has a new book, "The Leadership Crisis and the Free Market Cure." Allison, who now heads the Cato Institute, still has thoughts on banking to share and criticism to sling. Here are some highlights.
November 13 -
The Consumer Financial Protection Bureau is set to go beyond industry expectations when it unveils a long-awaited proposal Thursday that would establish new requirements for prepaid cards.
November 13 -
Sturgis Bancorp in Sturgis, Mich., has agreed to buy West Michigan Savings Bank in Bangor.
November 12 -
BOK Financial in Tulsa, Okla., will close or relocate all of its branches inside grocery stores in New Mexico, Oklahoma and Texas in a move it says will reduce overhead by $7 million to $8 million a year.
November 12 -
Kelly King of BB&T is an M&A trailblazer, but he isn't doing so intentionally. In announcing plans to buy Susquehanna Bancshares, King said he believes more bankers are becoming more confident maneuvering the choppy regulatory environment.
November 12 -
Richard Davis, asked during a conference about BB&T's $2.5 billion purchase of Susquehanna Bancshares, made it clear that his company has no interest in large, out-of-market acquisitions.
November 12 -
The Rural Housing Service has said it will stop accepting new mortgage applications for one week in an effort to clear through its huge backlog.
November 12 -
A federal court has ordered two debt sellers that posted the sensitive personal information of more than 70,000 consumers online to notify the consumers and explain how they can protect themselves against identity theft and other fraud as a result of the disclosures.
November 12 -
The $5.8 billion-asset company said in a press release Wednesday that Shelley Seifert would fill the newly created role.
November 12 -
The company cited uncertainties with industrywide litigation and the regulatory environment in the move. In August, a New York regulator questioned its purchase of the unit from an affiliated company.
November 12 -
The Federal Trade Commission has ordered two debt sellersSt. Petersburg Florida's Bayview Solutions, LLC and Riverside, California's Cornerstone and Company, LLC to notify customers about alleged disclosures of their personal information.
November 12 -
While banks have spent tens of billions of dollars to settle investigations related to the sale of faulty mortgages, probes into everything from foreign-exchange trading to subprime automobile lending are forcing many of them to continue adding to their legal reserves.
November 12 -
Carver Bancorp in New York has named a new chief lending officer and president of its community development unit.
November 12 -
A growing number of Americans frequent payday lenders, check cashers and other firms outside the financial mainstream, and with good reason: they cannot get reliable and affordable service from the country's biggest banks.
November 12 -
Bank of America, which paid more in legal settlements tied to the U.S. housing collapse than any other company, will avoid easing mortgage standards even as regulators seek to expand lending, Chief Executive Officer Brian T. Moynihan said.
November 12 -
A legal association's ethics committee on Wednesday issued an opinion finding that a growing practice by local prosecutors of allowing debt collection agencies to send demand letters - that suggest they came from the prosecutor - violates rules of professional conduct.
November 12




