Consumer banking
Consumer banking
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As banks lower down payment requirements and graduates get a handle on student loan debt, young people in their twenties and thirties are inching back toward homeownership, according to equity research analyst Ivy Zelman. "The perception that no millennial is buying today is just false," Zelman says.
September 2 -
The collection agency violated the law by sending a collection letter that could have identified the debtor.
September 2 -
The Bank of Napa has established a relief fund for victims of the recent California earthquake, which was centered in the bank's local area.
August 29 -
Prudential Bancorp in Philadelphia has agreed to add a director recommended by activist investor Seidman Group.
August 29 -
Moody's Investors Service downgraded two servicer ratings for Ocwen Loan Servicing, reflecting additional scrutiny by regulators and concerns about the nonbank mortgage servicer's ability to ensure timely payments to bondholders.
August 29 -
More U.S. banks are dropping Somali money transmitters as regulators crack down on the risk of terrorist financing at remittance houses serving the war-torn East African nation. Banks are familiar with regulatory tight spots, but rarely do their responses have life and death consequences, as is the case here.
August 29 -
Barclays Bank is planning to open a global technology support center in McKinney, Texas.
August 29 -
As consolidation heats up, bankers are pushing back against lawsuits challenging a deal's merits. Experts say the law firms pursuing litigation are motivated by fees and often withdraw when bank lawyers use legal maneuvers to lengthen the process.
August 29 -
Bank of America has taken a significant reputational hit as a result of its 2008 acquisition of Countrywide Financial. Could it have mitigated some of the damage with a different branding strategy?
August 29 -
Beer and wine are often used to lower inhibitions about anything new. Why should payment technology be any different? Many companies that manufacture or sell alcohol are at the forefront of payments innovation.
August 29 -
Fannie Mae plans to sell its Washington, D.C., headquarters building within the next three years as it consolidates several office sites into a single location, the mortgage finance company announced Thursday.
August 29 -
A Massachusetts mutual's failure to gain depositor approval for a conversion suggests a way for small towns to push back against the loss of their local banks, according to lawyer Kevin Handly.
August 29 -
Regulatory delays have forced ViewPoint Financial in Plano, Texas, and LegacyTexas Group in Plano to push back the closing date for their planned merger a second time.
August 29 -
Great Western Bancorp in Sioux Falls, S.D., has filed documents for an initial public offering.
August 29 -
College students risk paying hundreds of dollars in fees each year if they overuse campus banking products, according to Consumer Reports.
August 28 -
Unity Bancorp in Clinton, N.J., raised $6.3 million from a rights offering.
August 28 -
Following a prolonged stretch of modest loan growth, the Federal Deposit Insurance Corp.'s Quarterly Banking Profile showed loan balances shooting to a level not seen since 2007.
August 28 -
An examination of the details in the B of A settlement shows many examples of risky behavior, including mortgage applications that were underwritten with "shadow" guidelines that allowed exceptions to approve almost any loan.
August 28 -
Bitcoin wallet and merchant services provider Coinbase has insured the bitcoins it holds against theft and loss.
August 28 -
National Association of Retail Collection Attorneys President Joann Needleman has been appointed to serve on the Consumer Financial Protection Bureaus Consumer Protection Advisory Board.
August 28






