Consumer banking
Consumer banking
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As banks struggle to make sense of their wealth of customer information, the burgeoning industry of online marketplace lending is finding novel ways to glean insights from unconventional data points.
November 5 -
Clashes between directors and management are becoming routine at Cardinal Bankshares in Virginia, which recently forced out its CEO for the second time in two years.
November 5 -
WASHINGTON Credit unions were generally pleased with Tuesday's election results that gave Republicans control of Congress, but acknowledged they suffered a blow from the loss of one of their most vocal advocates, Sen. Mark Udall.
November 5 -
Private investors backing firms like RPM Mortgage are placing bets on lenders in the U.S. home loan business once dominated by Wall Street's largest banks.
November 5 -
Justices seem to struggle with what rescission actually means in practice and in the Truth-in-Lending Act.
November 5 -
Bank regulators will hold a series of outreach meetings with bankers starting Dec. 2 to hear regulatory relief ideas as part of a process required by federal law.
November 5 -
The recent dip in mortgage rates isn't likely to spur a refi boom, but with the industry now into the fourth quarter of a tough year, many lenders are looking for ways to boost business.
November 5 -
While many banks are cheering Republicans' success in the midterm elections, the results may not be as transformative as they hope. Here's why.
November 5 -
First Commonwealth of Pennsylvania, which had avoided home lending since 2005, has picked an inauspicious time to return.
November 5 -
For many months, subprime auto lenders have been insisting that the industry's boom will not be a precursor to the kind of collapse that knocked out the subprime mortgage business.
November 5 -
Green Tree Servicing LLC will pay $232,000 to Vermont consumers and the state for the firm's faulty debt collection practices and the late payment of property taxes.
November 5 -
Republicans won a sizable victory late Tuesday, retaking the Senate after losing it eight years ago. Banks, too, largely benefited, as an ally of the industry captured a Senate seat in West Virginia, two credit union allies fell and a key Democratic senator squeaked past. Here's how election night played out for banks.
November 5 -
Cardinal Bankshares in Floyd, Va., is switching leaders again, though it is unclear when the new chief executive will step in.
November 5 -
Naming an inspector general at the Consumer Financial Protection Bureau would result in a net cost of $49 million between 2015 and 2024, according to a Congressional Budget Office report.
November 5 -
Sterling Bancorp in Montebello, N.Y., has agreed to buy Hudson Valley Holding in Yonkers, N.Y.
November 5 -
The bank unit of Carver Bancorp in New York has been released from a cease-and-desist order by federal regulators.
November 4 -
The Federal Trade Commission is suing debt broker Bayview Solutions LLC for posting the debt portfolios of 28,000 consumers online, including full bank account and routing numbers.
November 4 -
Santander Consumer USA, Ally Financial and Capital One are among the companies facing scrutiny over their loans to borrowers with low credit scores.
November 4 -
First Banks Inc. in St. Louis said that Terrance McCarthy will retire as president and CEO on Feb. 13. McCarthy will also step down from the board. Timothy Lake, president and CEO of banking unit First Bank, will succeed McCarthy.
November 4 -
KeyCorp, Ohio's second-biggest bank, reduced third-quarter profit by $24 million after discovering an accounting error tied to securitization trusts.
November 4





