Consumer banking
Consumer banking
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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 -
BancorpSouth in Tupelo, Miss., plans to redeem $125 million in trust-preferred securities.
June 27 -
United Community Bank in Blairsville, Ga., expects a spike in second-quarter earnings after being cleared to reverse most of its deferred tax asset valuation allowance.
June 27 -
John W. Allison of Home BancShares finally got Liberty Bancshares to blink after 10 years of trying to buy it. Allison's persistence and the high multiples on Home's stock helped seal the deal.
June 26 -
Mobile text alerts are increasingly a part of a solid mobile banking customer experience. Industry analysts share best practices, common mistakes and occasional quirks occurring in delivering mobile alerts.
June 26 -
Residential Capital has won court permission to set aside $230 million for payments to homeowners whom the company may have foreclosed on improperly.
June 26 -
BNC Financial Group in New Canaan, Conn., is planning to change its name to Bankwell Financial.
June 26 -
Issuers are adding another layer of protection at a time when lawmakers are examining how to wind down Fannie Mae and Freddie Mac and bring private capital back into the mortgage market.
June 26 -
Jacksonville Bancorp is in the market for a new CEO at a time when it is also trying to sell more stock and conduct a reverse stock split.
June 26 -
Various loan types have been yielding fatter margins over banks cost of funds through much of the Feds campaign to stimulate the economy. Blame banks' tight overall margins on cash and securities.
June 26 -
Criminals will always find new ways to steal money. Banks still need a realistic timetable from the card networks to upgrade to chip and PIN.
June 26 -
Bankers and companies including JPMorgan Chase and Citigroup praised landmark Supreme Court decisions that expanded federal benefits and struck down some restrictions on same-sex marriage.
June 26





