Consumer banking
Consumer banking
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The American Association of Bank Directors recently hired policy veteran Rich Whiting as executive director, and he immediately helped weigh in on some new OCC standards that concerned the trade group.
September 11 -
Ben Franklin Financial in Arlington Heights, Ill., is the latest mutual to announce plans for a second-step conversions.
September 11 -
The head of the Independent Community Bankers of America says the government has gone too far demanding banks act like law enforcement.
September 11 -
The Consumer Bankers Association frequently tangles with the Consumer Financial Protection Bureau, but its new chief Tim Wennes struck a more conciliatory tone in an interview. Rules that promote transparency and consumer understanding are good, but consumer choice has to be preserved, he said.
September 11 -
Wilmington Trust Co., a unit of M&T Bank Corp. (MTB), agreed to pay $18.5 million to settle U.S. regulatory claims that the bank failed to report construction loans that weren't being repaid.
September 11 -
The Bill and Melinda Gates Foundation will provide $100,000 to organizations that promote the use of digital payments for the poor.
September 11 -
Interest in a market for buying and selling nonguaranteed portions of SBA loans is slowly taking shape as a need for earning assets outweighs concerns over risk and underwriting costs.
September 11 -
No Debts for Vets campaign supports military men and women suffering from financial hardships.
September 11 -
Microbranches have their merits but banks should be aware that changes in technology and customer preferences could render them obsolete.
September 11 -
A TV reality show cast member, who pleaded created two phony collection agencies to steal millions from consumers and financial institutions, turned himself in Thursday - a day late - to begin an eight-year prison sentence.
September 11 -
Brookline Bancorp in Boston plans to raise $75 million by issuing debt.
September 11 - Florida
If anybody deserves to tell a "Gee, my arms are tired" joke, it's Bob Barnes of Mainstreet Community Bank of Florida, who spent the month of August doing push-ups to raise money for a community group that provides food and shelter for people in need.
September 11 -
First Citizens Banc in Sandusky, Ohio, has agreed to buy TCNB Financial in Dayton, Ohio.
September 11 -
Citizens Financial Group in Providence, R.I., is expanding its banking unit that focuses on the technology sector.
September 11 -
Until we know without doubt with whom we are transacting, the legacy payment networks cannot be made secure for Internet-sourced electronic payments.
September 11 -
New York City Mayor Bill de Blasio has appointed Minerva Tantoco, a former executive at UBS and Bank of America, as the city's chief technology officer.
September 11 -
Cape Bancorp in Cape May Courthouse, N.J., has agreed to buy Colonial Financial Services in Vineland, N.J.
September 11 -
Wells Fargo and Bank of America and JPMorgan Chase are pressing downstream to compete for commercial and industrial loans, and regional and small banks are feeling the pain more than ever.
September 10 -
PennyMac became the third largest correspondent aggregator after banks turned their back on the mortgage origination channel. With banks now increasingly shedding servicing rights, PennyMac is poised to make a similar play in servicing.
September 10 -
NewDominion Bank in Charlotte, N.C., said Wednesday that its chief executive, C. John Hipp, plans to retire by the end of the year. He will be succeeded by Blaine Jackson, the bank's chief financial officer.
September 10





