Consumer banking
Consumer banking
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Consumer Financial Protection Bureau Director Richard Cordray has had a very busy few years at the helm of the nation's newest bank regulator. His tenure has involved creating a bureau almost from scratch and contending with a wide range of highly contentious policy issues-none more controversial than his own status, which was changed from acting to permanent CFPB director following a July Senate confirmation vote in which he garnered a two-thirds majority. Following are quotes from an interview Cordray conducted recently with American Banker Washington reporter Rachel Witkowski.
August 26 -
A pair of Oregon banks are facing charges in a civil lawsuit brought by victims of an alleged Ponzi scheme.
August 26 -
David Dove is the new group president of enterprise growth at the ATM operator Cardtronics, which is also launching a new Enterprise Growth Group.
August 26 -
Consumers deserve the kinds of high quality, widely accessible savings, credit and payments products and experiences that are critical ingredients in the recipe for financial health.
August 26 -
Tradehill Inc., an exchange for virtual currencies such as Bitcoin, is moving customer accounts to a U.S. credit union, a shift designed to make it easier for clients to complete transactions.
August 26 -
A proven public-private partnership for reaching the unbanked provides inspiration.
August 26 -
Scrutiny of payroll cards is ramping up, and so is their popularity with banks and businesses.
August 26 -
Santander is poised to make its long-awaited name change at Sovereign Bank in Boston, capping years of work on its U.S. unit that included a financial overhaul, systems integration and charter switch.
August 26 -
Ex-CFPB official, Raj Date, defends his subprime mortgage startup against GOP-led ethics complaints.
August 26 -
BBVA Compass' prominent NBA sponsorship, game-changing core platform upgrade and high-tech new headquarters tower-deep within the heart of its Texas base of U.S. banking operations-have opened a new playbook for the Spanish-owned franchise. Its futuristic banking model is attracting the spotlight and giving it the means to grow both in and out of its branch footprint.
August 26 -
The 61-year-old former Sovereign Bancorp CEO is back doing what he's known for in banking: building a franchise and stirring up controversy.
August 26 -
Capitol Bancorp (CBCRQ) has lost another bank after regulators closed its Sunrise Bank of Arizona on Friday.
August 23 -
Community South Bank in Parsons was shut down by Tennessee regulators Friday.
August 23 -
HopFed Bancorp (HFBC) in Hopkinsville, Ky., and Sumner Bank & Trust in Gallatin, Tenn., have terminated plans to merge.
August 23 - Florida
EverBank Financial (EVER) has reached a $43 million settlement with the Office of the Comptroller of the Currency in connection with allegations of improper foreclosure practices.
August 23 -
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August 23 -
The Federal Bureau of Investigation is offering a reward of up to $10,000 for help in catching the so-called Loan Ranger Bandit, the agency announced on its website Friday.
August 23 -
BitPay Inc., a Bitcoin payment gateway for online merchants, has created a simplified interface for consumers and added several plugins to encourage more merchants to accept the virtual currency without writing new code.
August 23 -
The Great Recession allowed banks to gain ground on the finance arms of automakers. Now they're making investments aimed at keeping that edge.
August 23 -
The regional banks face a False Claims Act probe by the departments of Justice and Housing and Urban Development into how they originated FHA-insured loans. Large fines may follow.
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