Consumer banking
Consumer banking
-
The Federal Reserve has taken action against one bank (Northwestern Bancorp in Traverse City, Mich.) and lifted an order on another (Saehan Bancorp in Los Angeles).
June 13 -
The Consumer Financial Protection Bureau is shedding senior officials faster than it can replace them, raising concerns that the agency will no longer be able to maintain the aggressive pace set during its nearly two years of existence.
June 13 -
A German court weighed in on a bank mishap that gives new meaning to the term "you snooze, you lose."
June 13 -
Bankers, nonprofit executives and others recently gathered to discuss how best to provide financial services to low-income and other underserved customers. Here is some of their advice about how to charge for prepaid cards and other products, how to create new ones and how to cope with increased regulatory scrutiny.
June 13 -
West Bancorp. recently took out a loan to buy back 8% of its common stock, while BNC Bancorp used borrowed funds to exit Tarp.
June 13 -
U.S. foreclosure activity increased 2% in May, even as the recovery in many local housing markets is showing gains, online marketplace RealtyTrac said.
June 13 -
Security State Bank has agreed to buy Security State Bank in a deal that could eliminate some brand confusion in central Iowa.
June 13 -
Some banks have transformed their loan portfolios with a focus on business borrowers, and made strides in profitability at the same time.
June 13 -
New indications that an overdraft fee crackdown is looming has added fresh urgency to bankers' quest to expand revenues. American Banker editors discuss some of the latest twists in the industry's search for ways to generate new business and cut costs.
June 13 -
PNC Financial Services, the second-largest U.S. regional bank, faces the same decision on its 21 percent stake in BlackRock that confronts many individual investors: sell or hold?
June 13 -
Citizens Bank of Kansas in Kingman has traded in its national charter for a state charter.
June 13 -
Urban Partnership Bank announced Thursday it would open a branch in a Wal-Mart slated for Chicago's Pullman neighborhood.
June 13 -
Heartland Financial USA in Dubuque, Iowa, has agreed to buy Morrill Bancshares in Merriam, Kan.
June 13 -
Home repossessions in the U.S. jumped 11% in May after declining for the previous five months as rising prices and limited inventory for sale across the country spurred banks to complete foreclosures.
June 13 -
GAINESVILLE, Fla. Florida CU has purchased an empty Regions Bank branch in front of a Walmart store and is renovating it for its ninth branch.
June 12 -
BURBANK, Calif. Partners FCU, a Disney employees credit union, said it opened a new branch for the approximately 10,000 cast members who work at Disneyland and Disney California Adventure Resorts.
June 12 -
After spending recent years repairing its balance sheet, Hanmi Financial (HAFC) is again looking to grow. To do so, it's eyeing markets that Korean-American lenders have traditionally neglected.
June 12 -
Shareholders took a big gamble that Atlantic Coast Financial in Florida can raise enough capital to save itself when they rejected a buyout offer. There are more funds to be had these days, but they are harder to get, experts warn.
June 12 -
A bipartisan bill to reform the mortgage finance system being crafted in the Senate has already drawn praise from a variety of stakeholders, but the effort is almost certain to meet strong resistance from House Republicans.
June 12 -
Four Corners Community Bank in Farmington, N.M., has agreed to buy Citizens State Bank of Cortez in Colorado.
June 12







