Consumer banking
Consumer banking
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The Consumer Financial Protection Bureau is urging policymakers to reconsider how student loan debt is treated under the bankruptcy code.
October 16 -
Demand for commercial real estate and business loans continued to rebound in many regions of the country over the past six weeks, the Federal Reserve Board said Wednesday.
October 15 -
Market tumult and a disappointing third-quarter revenue report Wednesday loomed larger over Bank of America, putting it in a bind unique among the nation's megabanks.
October 15 -
American Express Co. said third-quarter profit rose 8.1 percent, beating analysts' estimates, as customer spending increased.
October 15 -
Patriot National Bancorp in Stamford, Conn., will recognize a one-time gain of $16.6 million in third quarter profits, due to the partial reversal of its valuation allowance for deferred tax assets.
October 15 -
Regional banks are doing their best to hold down expenses, compete for quality loans and generate more fee income, but until the Federal Reserve raises interest rates, their quarterly profits will remain sluggish, bankers and analysts say.
October 15 -
Pennant Management, which handles assets for community banks and other clients, disclosed that it could be holding up to $179 million in fake USDA-insured loans. Industry observers said the firm's failure to take certain precautions, along with weaknesses in the secondary market for USDA loans, invited fraud.
October 15 -
A community bank in Massachusetts has opened a branch that's a microcosm of forward-looking trends in retail bank design. Emphasis on the "micro" part.
October 15 -
Legal and Debt Recovery, an Orange, Calif.-based collection agency, and the agency's legal counsel, D. Scott Carruthers, have been issued a cease-and-desist order by the Idaho Department of Finance.
October 15 -
Westamerica in San Rafael, Calif., reported lower quarterly earnings largely because of a narrower net interest margin.
October 15 -
AmericanWest Bank in Spokane, Wash., has agreed to buy the $468 million-asset Bank of Sacramento in California for $60 million in cash.
October 15 -
TD Bank NA, which lost electronic files containing information for as many as 260,000 customers in 2012, agreed to pay $850,000 to settle a multistate probe into the security breach, New York's attorney general said.
October 15 -
Bank of the Ozarks in Little Rock, Ark., reported a rise in third-quarter profits as net interest income reached a record high and provisions for bad loans fell.
October 15 -
Kirit Patel, the owner of a company that purported to be a collection agency, has pleaded guilty to four counts of mail fraud and wire fraud after allegedly bilking consumers out of more than $5 million.
October 15 -
Diebold has released a new series of ATMs that include security protections.
October 15 -
Commerce Bancshares in Kansas City, Mo., reported stable third-quarter earnings as margin compression offset loan growth.
October 15 -
Unless regulators coordinate their efforts to reform banks' home lending, mortgage servicing and remittance businesses, American consumers will continue to lose access to affordable financial services.
October 15 - Pennsylvania
PNC Financial Services Group in Pittsburgh reported higher third-quarter profit on an increase in fee income and loan growth.
October 15 - Ohio
KeyCorp in Cleveland reported lower third-quarter earnings as revenue slumped and its net interest margin fell.
October 15 -
Citigroup Inc. co-president Manuel Medina-Mora has been telling colleagues that he is close to retiring as the Mexican unit he helped build fights fraud allegations, according to a person familiar with his thinking.
October 15



