Consumer banking
Consumer banking
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The Online Lenders Alliance wants the group that manages a U.S. payment system to clarify warnings on illegal use of the network by payday-loan firms, saying the message is posing a threat to legitimate business.
August 20 -
Delmar Bancorp is giving up a 40% stake in itself to an outside investor, who will cancel Tarp shares he won in a Treasury auction. The investor will also invest cash and forgive unpaid Tarp dividends.
August 20 -
Reports of suspected fraud received by the Financial Crimes Enforcement Network fell by 25% last year, to just under 70,000, according to the regulator's report on fraud filings for 2012, released Tuesday.
August 20 -
The chief executive of Golden Pacific Bancorp in Sacramento has left the company.
August 20 -
A new Baltimore federal court filing shows that more than $2.9 million was seized by the Department of Homeland Security from Mutum Sigillum LLC, a U.S. subsidiary of Tokyo-based Bitcoin exchange Mt. Gox, in May.
August 20 -
U.S. Bancorp has hired advertising agency Butler, Shine, Stern & Partners for its U.S. market, replacing the Kaplan Thaler Group.
August 20 -
Sterling Financial, which has 173 branches in Washington, Oregon, California, and Idaho, announced the launch of its free mobile app on Tuesday.
August 20 -
Free checking accounts are on the wane at traditional banks, according to a MoneyRates.com survey released Monday. But customers can still avoid monthly maintenance fees at a majority of online banks.
August 20 -
Ally Financial (GMA) in Detroit has agreed to sell $1 billion of stock to help fund the buyback of about $5.9 billion of preferred stock from the Treasury Department.
August 20 -
The national auto loan delinquency rate (the percentage of accounts 60 or more days past due) remained relatively flat in the second quarter ended June 30 compared with the year-ago period, moving from 0.79% to 0.80%.
August 20 -
Bubbles are inflating in Nevada and Arizona even as housing in the rest of the country recovers at a more sustainable pace.
August 20 -
Monona State Bank in Wisconsin has begun using Encompass360, Ellie Mae's system for managing mortgage originations and servicing, the financial technology company announced Tuesday.
August 20 -
First National Bank announced Tuesday that it's made a $300,000 investment in the Colorado Enterprise Fund's Early Stage Loan Pool.
August 20 - New York
Signature Bank (SBNY) in New York has added to its national sales staff for specialty finance.
August 20 -
Community Bankers Trust (ESXB) in Glen Allen, Va., has agreed to sell its Georgia operations to Community & Southern Holdings in Atlanta.
August 20 -
A new research report on student loan debt is pinpointing the lasting financial effects.
August 20 -
Banks rely on their names to create stable, trustworthy images. Unfortunately, their copy-cat tactics also create confusion and demonstrate a lack of creativity, branding experts say. Here are some notable, overused examples.
August 20 -
In his first sit-down interview with American Banker since winning Senate confirmation last month, CFPB Director Richard Cordray talks about what he sees as the agency's top accomplishments to date and its biggest challenges ahead.
August 19 -
Capital One says it will take its time in deciding the best way to bring apartment lender Beech Street Capital into the fold. Execs look to add the benefits of the originate-to-sell lender without messing up its winning formula.
August 19 -
F.N.B. Corp. (FNB) will cut 57 jobs at PVF Capital (PVFC) in October after it buys the Solon, Ohio, thrift company.
August 19



