Consumer banking
Consumer banking
-
Auto loans in Canada have quadrupled since 2007, putting lenders including Toronto-Dominion Bank and Royal Bank of Canada at bigger risk of losses in an economic slump, Moody's Investors Service said.
October 23 -
State Bank Financial in Atlanta more than doubled quarterly earnings on gains from acquisitions and noninterest income.
October 23 -
United Community Banks in Blairsville, Ga., reported higher quarterly profit that benefited from loan growth and a stable net interest margin.
October 23 -
Columbia Banking System in Tacoma, Wash., reported higher quarterly profits that featured lower costs.
October 23 -
The price of crude oil has fallen 25% in four months, but banks most closely tied to the energy industry aren't worried. They say risk-mitigation strategies make a bust unlikely, and it would take a severe and prolonged slump to hurt credit quality.
October 23 -
Chemical Financial in Midland, Mich., reported a higher profit thanks to double-digit loan growth and credit-quality improvements.
October 23 -
Soaring student loan delinquencies and the aftershocks of the 2008 economic downturn have kept people in the Millennial generation from being able to buy their own home, Housing and Urban Development Secretary Julián Castro said during a recent speech.
October 23 -
United Financial Bancorp in Glastonbury, Conn., saw its profits surge in the first full quarter after merging with Rockville Financial.
October 23 -
Equifax Inc. reported third-quarter profit jumped 11% as revenue increased 7%, with earnings excluding items slightly above a July projection.
October 23 -
Timberline Financial, a New York debt relief company, announces that Teresa Dodson, senior vice president, will moderate a panel discussion next week of accounts receivable management industry executives on the topic of improving the liquidation of Cease and Desist collection accounts.
October 23 -
Susquehanna Bancshares in Lititz, Pa., reported lower quarterly profit after its net interest margin compressed.
October 23 -
Peoples Financial reported a quarterly loss after two bad loans put a crater in the Biloxi, Miss., company's bottom line.
October 23 -
Heartland Financial USA in Dubuque, Iowa, has agreed to buy Community Banc-Corp of Sheboygan in Wisconsin.
October 23 -
Texas Capital Bancshares in Dallas reported an increase in third-quarter earnings, as higher lending compensated for lower yields.
October 23 -
DBA International has announced the first certified collection law firm under its expanded certification program.
October 23 -
ATMs are an important component of the move to EMV chip payment technology in the U.S.
October 23 -
Heightened U.S. regulatory scrutiny of leveraged lending is leading the biggest banks to back away from funding some takeovers financed by debt, creating an opportunity for smaller competitors to step in.
October 22 -
WASHINGTON Mortgage lenders will have 210 days to fix errors in their calculations of points and fees and reimburse borrowers for any overages under a final rule issued by the Consumer Financial Protection Bureau.
October 22 -
The payments company and big-bank trade group plans to create a ubiquitous, real-time payment system over the coming years, supplementing the push for same-day settlement of ACH transactions.
October 22 -
Flagstar Bank lost $27.6 million in the third quarter, driven by a Consumer Financial Protection Bureau penalty of $37.5 million, the Troy, Mich., lender said Wednesday.
October 22



