Consumer banking
Consumer banking
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Community Partners Bancorp in Tinton Falls, N.J. is getting a new name.
May 9 -
Fannie Mae will pay the Treasury Department $59.4 billion after reporting a record quarterly profit driven by rising home prices and declining delinquencies.
May 9 -
The Consumer Financial Protection Bureau is pushing for private student lenders and the government to help lower payments for borrowers after receiving thousands of complaints from consumers.
May 8 -
The Dodd-Frank Act's ban on pure commercial ownership of industrial loan companies is set to expire in July. American Banker editors discuss the pros and cons of allowing a commercial enterprise like Wal-Mart into the banking business at a time when the previous argument against doing so has been turned on its head.
May 8 -
Fifth Third Bancorp in Cincinnati is selling a $225 million stake in Vantiv (VNTV), its former subsidiary.
May 8 -
Executives at Heritage Commerce and Pacific Continental on the West Coast and Texas Capital Bancshares are catering to niche customers and building market share close to home instead of taking grand steps to expand.
May 8 -
Small banks perch in small-business lending is being steadily eroded by large, credit-card issuing competitors.
May 8 -
Chief Executive Brian Moynihan faced angry comments from more than 30 shareholders, but most criticized the company's financing of the coal industry, not its mortgage servicing or foreclosure practices.
May 8 -
More than 60% of the banks still remaining in the Troubled Asset Relief Program have been labeled "problem" institutions by the Federal Deposit Insurance Corp., casting doubt on their ability to repay the Treasury Department before the program is wound down.
May 8 -
Fiscal third quarter earnings at BofI Holding, the $2.9 billion-asset parent of BofI Federal Bank in San Diego, rose 37% from a year earlier, to $10 million or 74 cents a share.
May 8 -
New reports from Fannie Mae and Freddie Mac show the value of a government guarantee on multifamily mortgages.
May 8 -
Mega-banks are feeling pressure from shareholders and the public in ways that seemed unlikely even a few weeks ago.
May 8 -
Monarch Community Bancorp in Coldwater, Mich., plans to raise $16.5 million through a private placement.
May 8 -
Firstbank in Alma, Mich., plans to redeem its remaining Troubled Asset Relief Program shares for $17 million.
May 8 -
Freddie Mac will pay $7 billion to the Treasury Department after reporting the second-largest quarterly net income in the company's history.
May 8 -
Warburg Pincus Private Equity X, which owns just under 10% of Webster Financial, will sell its entire position in a secondary offering.
May 8 -
Payments processor Elavon has named Simon Haslam its chief executive officer. Haslam had been the head of international markets for the U.S. Bancorp unit.
May 8 -
The board of NBT Bancorp (NBTB) 's board has made sweeping changes to the Norwich, N.Y., company's bylaws.
May 8 -
As bank bosses sent out their annual shareholder letters in recent weeks, two themes dominated: The challenges of operating in an increasingly regulated, low interest rate world; and the desire to assure investors that they're putting safety first. Following are some notable quotes from around the industry.
May 8 -
SYRACUSE, N.Y. Empower FCU said it is saving $2,745 per month or almost $33,000 per year after exterior LED lighting upgrades at seven of its branches.
May 7





