Consumer banking
Consumer banking
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Three federal agencies are competing for the gold medal in a "regulatory Olympics" over deposit advances. Their proposals would severely constrain banks from offering valuable products and assisting customers.
June 28 - Ohio
Huntington Bancshares said Thursday that it has forged a pact with Cleveland State University that gives its Huntington Bank the exclusive right to operate branches and automated teller machines on campus.
June 28 -
Provident New York Bancorp (PBNY) will raise $100 million through a debt offering.
June 27 -
Rep. Mel Watt defended his judgment and experience with housing issues during a hearing on his nomination to head the Federal Housing Finance Agency, but it's unclear if the performance was enough to sway Republican opponents.
June 27 -
The CFPB is targeting more banks in a probe of an auto-loan program for military service members. Its $6.5 million settlement with U.S. Bancorp and a third-party service provider highlights the risks in vendor relationships.
June 27 -
Principal Financial agreed to sell $200 million of deposits from its savings and loan unit and said the business plans to divest commercial loans as part of an effort to limit the insurer's role in banking amid greater U.S. supervision.
June 27 -
The strengthening economy helped, but the improvement in credit quality was also aided by the sale of poor-performing loans to servicers that are outside the federal banking system.
June 27 -
Too many banks still make too much money at the expense of their customers, and it is one of the biggest reasons the American public has lost faith in them.
June 27 -
After less than a year on the job, BNC Financial CEO Peyton Patterson is looking at new markets, products and a plan to bring in up to $50 million in capital.
June 27 -
The $3.5 billion asset company will invest in Religare Enterprises, an Indian firm that is applying for a banking license in India, Customers said Thursday. It will spread the investment out over the next 18 months.
June 27 -
WASHINGTON The Federal Reserve Board will meet Tuesday to vote on the Basel III capital and liquidity rules to be applied to U.S. banks, the central bank said Thursday.
June 27 -
The void left by the demise of subprime credit cards helps explain why many nontraditional lenders are looking for new ways to cater to Americans with shaky credit histories.
June 27 -
Peter Aceto, the CEO of ING Direct Canada, joined the "Daily Show" in a spoof of bank regulation, but his appearance wasn't all laughs.
June 27 -
A recent study found that customers want products like identity theft alerts and mobile bill pay from their banks. But many community banks are unable or unwilling to offer those products.
June 27 -
Mortgage Investors Corp., one of the nations largest refinancers of veterans home loans, will pay $7.5 million to settle allegations it targeted veterans. It's the largest fine the FTC has ever collected for violating Do Not Call provisions of the agencys Telemarketing Sales Rule.
June 27 -
Louis B. "Buzz" Eckelkamp III, who has been promoted to president of Bank of Washington in Missouri, got a pat on the back from his boss his dad. However, the celebration was short.
June 27 -
Show me an industry with artificially high barriers to entry, and you will almost certainly find dissatisfied customers paying higher prices to large, protected providers.
June 27 -
U.S. Bancorp and a nonbank partner have agreed to pay $6.5 million to settle charges that they misled members of the U.S. military about the fees charged on auto loans.
June 27 -
Jack Choi, the chief credit officer at Wilshire Bancorp (WIBC) in Los Angeles, will step down on July 1 to become president and chief executive of an unnamed bank.
June 27 -
Institutions need to realize that, given the relative health of their asset portfolios and the current regulatory environment, valuations and deal prices will be below historical averages.
June 27




