Topic:
Consumer Banking
Latest Headlines
Latest Headlines
Durbin Amendment's varied effect
The Durbin Amendment went into effect with great fanfare Oct. 1, and since then it's been a bit murky as to who is benefitting.
New rules coming for pre-paid debit cards
In the wake of Reg E changes, the Durbin Amendment and Dodd-Frank in general, banks started to stream into the pre-paid debit card market, largely because it had ostensibly escaped additional regulation.
Smaller profits from purchases of failed banks
The carnage in the banking industry over the past few years has brought out the vultures, who eyed failed banks in hopes of swooping in to purchase them at bargain basement prices.
Wells Fargo continues transition to checking account fees
Wells Fargo is taking a stay-under-the-radar approach to raising fees on checking accounts, which has largely kept criticism at bay, relatively speaking.
Fitch: Banks still need to raise capital
With specter of Basel III looming, banks have been forced to raise capital, and the general consensus is that most of the top banks are in decent shape in terms of meeting the targets set forth by international regulators.
Coming soon: Chinese retail banks in the U.S.
In a milestone for Chinese banks aiming to enter the domestic retail banking market, the Fed has given its approval for three banks to offer retail service in the United States.
CFPB weighs in on mortgage origination fees
The Consumer Financial Protection Bureau (CFPB) has emerged as an entity that cannot be ignored.
Protests loud at Bank of America meeting
Few banks have become lightening rods for protestors the way Bank of America has.
Analyst: Moynihan is industry's worst
And the worst CEO award goes to…Bank of America's Brian Moynihan, according to a ranking by analyst Mike Mayo.
Bank of America meeting: lots of drama in the making?
Bank of America's annual meeting is set for Wednesday, and the early indication is that it could be every bit as eventful as the Wells Fargo meeting.
