Consumer banking
Consumer banking
-
As the volume of Federal Deposit Insurance Corp. suits against failed-bank officers and directors continues to rise, few cases are approaching anything close to an outcome.
June 17 -
The Federal Housing Finance Agency has hired a lobbyist for the force-placed insurance industry as its point man in reforming a market allegedly riddled with industry kickbacks.
June 17 -
First BanCorp (FBP) has traveled a bumpy road to recovery but top management hopes a clear strategy will help the San Juan, Puerto Rico, company complete its turnaround.
June 17 -
When the government backs any system, the beneficiaries have only limited interest in the risks they are taking. Senators Corker and Warner have fallen into this trap.
June 17 -
FirstBank (FBMI) in Alma, Mich., has redeemed its remaining shares issued in exchange for funds through the Troubled Asset Relief Program.
June 17 -
The chairman and CEO of JPMorgan Chase has spent months fending off critics of his leadership skills. Now he's dispensing advice about those skills on LinkedIn.
June 17 -
Heritage Commerce (HTBK) in San Jose, Calif., plans to redeem $9 million of debt and exit the Troubled Asset Relief Program.
June 17 -
Heartland Financial USA (HTLF) in Dubuque, Iowa, has named a veteran executive as interim chief financial officer.
June 17 -
A fair-housing case provides the industry an opportunity to stamp out the longstanding legal theory that there can be lending discrimination without evidence of intent.
June 17 -
JPMorgan Chase (JPM) must defend itself against allegations that it charged millions of dollars in improper fees to mortgage borrowers who were in default, a federal judge has ruled.
June 17 -
Social channels may encourage complaints, but it is in banks best interests to publicly demonstrate they are fixing the problem.
June 17 -
Bank of America (BAC) rewarded staff with cash bonuses and gift cards for meeting quotas tied to sending distressed homeowners into foreclosure, former employees said in court documents.
June 17 -
EUGENE, Ore. Fast-growing Northwest Community CU will break ground Monday on a new 67,000-square-foot headquarters, which will provide one-third more space than its current offices.
June 16 -
To keep costs down, insurers are exercising their right under the Affordable Care Act to insist consumers pay their premiums via automatic bank withdrawal. The Department of Health and Human Services is scrambling to make insurers accept plastic.
June 14 -
Ocwen's agreement to buy $78 billion in mortgage servicing rights from OneWest is part of a string of deals by it and other nonbanks meant to wring value from remnants of the mortgage meltdown that many banks seek to unload.
June 14 -
A recap of the informed opinions (and the discussions they generated) on BankThink and AmericanBanker.com this week.
June 14 -
Rough calculations reveal that the Greensboro, N.C., company could be pledging nearly $2 million in tangible common equity to back Security Savings' assets.
June 14 -
A growing number of multibank holding companies have decided that cutting costs is more important than having a local face in certain communities.
June 14 -
Straightening out bad actors is fine, but it wont resolve the inconsistencies and consumer confusion about overdraft protection cited by the Consumer Financial Protection Bureau.
June 14 -
Bankers defended force-placed insurance practices and dodged questions about alleged industry kickbacks and price gouging at a private but well-attended meeting hosted by the Federal Housing Finance Agency.
June 14





