News Topic: Consumer banking

The news of the data breach cast a shadow over relatively strong first-quarter earnings for the Atlanta bank. ... Read full article

Readers react to the Senate overriding the Consumer Financial Protection Bureau's auto lending guidance, weigh in on House efforts to reform the Dodd-Frank Act and debate technology being used to replace new branches. ... Read full article

Financial institutions are sharing more information with third parties these days, but they need to be cautious about it. ... Read full article

During an appearance on the CBS Evenings News Wednesday evening, Dimon unveiled new details about the first leg of the New York company's recently announced, multi-city branch expansion. ... Read full article

The divide highlights a lingering question about how much commercial and retail depositors value cutting-edge technology over price — and whether midsize banks can keep pace with bigger rivals when it comes to tech investments. ... Read full article

Tala plans to use the latest round of funding to develop new products for its customers in Kenya, Tanzania, the Philippines, India and Mexico. ... Read full article

The Rosemont, Ill., bank rode loan growth, interest rate trends and noninterest-income gains to a double-digit increase in profits in the first quarter. ... Read full article

Previously the head of commercial banking, Tory Nixon — also a former NFL cornerback — will now oversee the bank's digital strategy. ... Read full article

Lending, especially in some consumer segments, increased at Bank of America in the first quarter, and CEO Brian Moynihan expects that to continue this year. However, for market watchers skeptical about the industry's growth prospects, BofA's ... Read full article

Bank of America Corp. hit a milestone in its years-long effort to get costs under control. ... Read full article

The firm warned Friday that it may take a charge of as much as $1 billion to settle a U.S. probe of its consumer business. ... Read full article

Revenue and profit for the first three months of 2018 rose to all-time highs, the bank said Friday, spurred by record results from stock trading. ... Read full article

The Pittsburgh company reported a 39% gain in retail banking profits amid a lot of strong first-quarter numbers, yet it still fell short of analysts' earnings expectations by a penny and wants to push for stronger loan growth. ... Read full article

The Treasury Department’s long-awaited report on modernizing the Community Reinvestment Act was heavy on glittering generalities but light on specifics, which explains why the report punted the real job of making needed reforms. ... Read full article

The Kansas City, Mo., company also benefited from higher yields on its loans and flat funding costs. ... Read full article

Concerned about rising default rates, banks "significantly" tightened underwriting in the first quarter, the Bank of England said in a report published Thursday. ... Read full article

The announcement is an example of how Green Dot, which swung from a loss to a profit in the fourth quarter, is focusing on technology partnerships with Intuit, Uber and others to boost its bottom line. ... Read full article

The acting director wants to gut the agency, which would harm both consumers and entrepreneurs. ... Read full article