Consumer banking
Consumer banking
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WASHINGTON Nearly two-dozen senators are seeking data the Consumer Financial Protection Bureau used as the basis for warning auto lenders they could be committing fair-lending violations.
October 31 -
The Pennsylvania company is raising $150 million. Two-thirds of it will go toward redeeming trust-preferred securities, but the remaining funds could be used to do bigger deals.
October 31 -
The Consumer Financial Protection Bureau got a confirmed director for the first time this year, when the Senate finally approved the longstanding nomination of Richard Cordray for the post. But the agency has also sustained the departures of high-ranking employees to law firms, consulting shops, banks and other destinations. Here's a look at some of the CFPB employees who have left in 2013, and where they have landed.
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The Capital Asset Pricing Models value is debatable in normal times. If misapplied in todays ultralow interest rate environment, it can severely overvalue banks and excuse poor operating performance.
October 31 -
Another big law like Dodd-Frank could be harmful to the mortgage market, but an incremental approach to housing finance reform might be the perfect solution.
October 31 -
Three federal home loan banks dropped their opposition to Bank of America's $8.5 billion settlement in a New York state court lawsuit over Countrywide residential mortgage backed securities.
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MasterCard reported a third-quarter profit that beat analysts' estimates as a stronger euro helped boost revenue.
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CommunityOne Bancorp (COB) in Asheboro, N.C., reported its first quarterly profit since 2008.
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Debt buyer Portfolio Recovery Associates Inc. reported third quarter financial results that included record revenues of $197.8 million, up 31% from the year-ago period.
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The best banks to work for often provide their employees with good benefits and flexible schedules but they also have more specialized perks, from free rental cars to career counseling, according to American Banker Magazine's November cover story. Editor-in-Chief Heather Landy discusses what sets some banks apart in the workplace.
October 31 -
Mortgage servicer Ocwen Financial (OCN) in Atlanta missed Wall Street's earnings estimates because of delays in integrating servicing rights portfolios it acquired.
October 31 -
United Credit Recovery LLC, a Florida-based financial firm, allegedly attempted to collect overdue debts from consumers by creating phony legal documents that included cut-and-paste bank logos, according to a lawsuit filed by Minnesota Attorney General Lori Swanson's office.
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Allowing a further transition period of nine to 12 months would better ensure complete compliance with all the requirements. Meanwhile, community banks will be able to continue providing the safe and solid mortgage loans they are known for.
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EverBank Financial Corp. (EVER) in Jacksonville, Fla., has agreed to sell its default mortgage servicing platform, along with more than $20 billion in rights, to a subsidiary of Walter Investment Management.
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WASHINGTON - State regulators in Florida closed the $25 million-asset Bank of Jackson County, located in Graceville, the 23rd institution to fail this year.
October 30 -
The $1.7 billion-asset company submitted a shelf registration with the Securities and Exchange Commission on Wednesday that would allow it to sell up to $150 million of equities or debt.
October 30 -
The bank's new credit card commercial, featuring the actor Samuel L. Jackson and a mild profanity, sparked an online backlash from a conservative watchdog group and customers threatening to close their accounts. Now Capital One has released a G-rated version.
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Carrington Mortgage Services in Santa Ana, Calif., is looking to acquire loans from banks and credit unions.
October 30 -
TFS Financial Corp. (TSFL) in Cleveland posted a huge spike in quarterly earnings as improved credit quality prompted the company to slash its loan-loss provision.
October 30 -
Visa posted a fiscal fourth-quarter profit that matched analysts' estimates as U.S. retail spending strengthened.
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