Consumer banking
Consumer banking
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The Consumer Financial Protection Bureau not one of the six agencies defining so-called "Qualified Residential Mortgages" could still determine the future of the label under a recent proposal.
October 4 -
Researchers at a Federal Reserve conference in St. Louis provided data backing small bankers' concerns about regulation and competition, though it is unclear if the findings will led to meaningful change.
October 4 -
The $506 million-asset Delaware County Bank & Trust Company was freed from a consent order issued by the Federal Deposit Insurance Corp and a written agreement with the Ohio Division of Financial Institutions.
October 4 -
Members of the Utah Bankers Association had a meeting at the Treasury Department canceled thanks to the federal shutdown, but they managed to get in other work and play during a visit to the nation's capital this week.
October 4 -
The Consumer Financial Protection Bureau on Thursday fined Meracord, a payment processor, for helping collect illegal debt-settlement fees.
October 4 -
Hudson Valley Holding in Yonkers, N.Y. has hired James Blose, a longtime advisor, to be its general counsel and secretary.
October 4 -
Jeffrey Welch resigned from the $4.1 billion-asset lender at the end of August, the company disclosed in a regulatory filing Friday.
October 4 -
The Lamassu Bitcoin machine, a so-called Bitcoin ATM that allows consumers to deposit cash to buy bitcoins, has its first buyer.
October 4 -
Ally Financial has completed the sale of its Brazil operations to General Motors Financial Co., a subsidiary of the automaker GM, it said. Ally (which was once itself a GM subsidiary) received $611 million in the sale.
October 4 -
Fed Chairman Ben Bernanke bit on James Bullard's joke about the superiority of St. Louis' baseball team over Washington's, but he avoided the bait to discuss the federal shutdown.
October 4 -
Doral Financial (DRL) in San Juan, P.R., has appointed veteran banker David Hooston as chief financial officer and executive vice president.
October 4 -
The Debit Interchange Fee Study Act called for a six-month regulatory study on the cost of the rules and their impact on consumers. There are good reasons to revisit that approach now.
October 4 -
Home Bancorp (HBCP) in Lafayette, La., has filled two top banking roles.
October 4 -
First Sound Bank in Seattle has been released from a regulatory action after improving its capital levels.
October 4 -
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon stepped down as chairman of the lender's main bank subsidiary at the start of July, according to a person briefed on the move.
October 4 -
Bay Commercial Bank (BCML) in Walnut Creek, Calif., has appointed a state regulator as its new chief risk officer and senior vice president.
October 3 -
Fifth Third Bancorp (FITB) in Cincinnati was ordered this week to pay First South Bank in Spartanburg, S.C., $2.8 million in damages for a real estate deal gone sour.
October 3 -
In a victory for small retailers, a federal court in New York has ruled that merchants in the state may add swipe-fee surcharges on purchases made by credit card instead of cash.
October 3 -
The Consumer Financial Protection Bureau's $1.4 million fine against a large third-party processor for debt relief companies proved that firms can no longer hide in the intricate debt collection stream.
October 3


