Consumer banking
Consumer banking
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The National Community Reinvestment Coalition and other consumer groups say the bank regulators did not go far enough in proposing changes to Community Reinvestment Act examinations.
May 10 -
Many banks are joining the crowded field of companies targeting the investment savings of the so-called mass affluent.
May 10 -
The Consumer Financial Protection Bureau and Congress are pushing for fixes to the student loan market, but some of their proposals are focused on the relatively small portion of loans made by banks and other private lenders.
May 10 -
After a relatively busy April, the number of critically undercapitalized banks is down to just a handful. The pool of failure candidates could increase, but buyers should start looking elsewhere, industry observers say.
May 10 -
Two shareholders of MainStreet Bank (MNSB), in Herndon, Va., have reportedly asked investors to push for a sale of the $271 million-asset company.
May 10 -
The recent crime spree that netted $45 million in fraudulent ATM withdrawals adds to the many reasons banks approach prepaid products with caution.
May 10 -
Though large banks have mostly been the targets of criminals so far, smaller banks are not immune to online threats.
May 10 -
David Marshall is executive vice president and CFO of Docking and Union State Bank, its $241 million-asset subsidiary, the company announced Friday.
May 10 -
Home Federal Bank of Hollywood has hired a new chief executive with experience guiding troubled Florida lenders. The $59.4 million-asset bank named Robert Brookes CEO last month, according to an online report in the South Florida Business Journal.
May 10 -
The trustee for Peregrine Financial Group is considering bringing claims against JPMorgan Chase (JPM) and U.S. Bancorp (USB) for allegedly permitting the embezzlement that brought down the brokerage last summer.
May 10 -
Banks, conflicted by moral hazard, will always fight for maximum FDIC coverage at the least possible cost, since the FDIC is ultimately backed by Other Peoples Money.
May 10 -
A real estate arm of KeyCorp has agreed to purchase more than $100 billion of servicing rights on commercial and multifamily loans from Bank of America, Keycorp said in a press release Thursday.
May 10 -
The masterminds behind the recent crime spree that netted $45 million in fraudulent ATM withdrawals focused their attention on prepaid cards, highlighting yet another risk banks face when offering such products.
May 10 -
Ally Financial, the auto lender owned by U.S. taxpayers, may learn today how hard it will be to escape $25 billion in claims made against its bankrupt mortgage arm, Residential Capital LLC.
May 10 -
Federal Reserve Board Gov. Elizabeth Duke expressed concerns Thursday that new mortgage rules released in January could hold back the flow of credit for weaker borrowers in the current "murky" mortgage market.
May 9 -
VICTORVILLE, Calif. Alaska USA FCU plans to open a new branch after a $5.1-million renovation of a former Santa Fe Federal Savings and Loan building.
May 9 -
EL PASO, Texas GECU and the local Kinleys House Coffee & Tea are introducing a new concept combining a credit union branch with a café.
May 9 -
California accused JPMorgan of illegal tactics to sue thousands of credit card borrowers behind on their debts, including "robo-signing."
May 9 -
Royal Bank of Scotland CFO Bruce Van Saun will replace Ellen Alemany as CEO of its U.S. business. He is preparing Citizens Financial for a partial IPO by 2015, though he said in an interview that he is open to "attractive" takeover offers.
May 9 -
Unity Bancorp in Clifton, N.J., is set to redeem half of the preferred shares it issued through the Troubled Asset Relief Program.
May 9




