Consumer banking

Delinquencies improve but credit unions 'haven't seen the bottom yet'

10/06/20

Second-quarter data for credit quality defied conventional wisdom but experts said that these numbers are being artificially helped right now and the worst is yet to come.

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Deposit glut could dog banks well into next year

10/05/20

The flood of liquidity that accompanied the pandemic recession isn’t likely to subside anytime soon. Banks will have to employ a mix of securities buying, hedging and other balance-sheet-management tricks to prop up margins longer than initially imagined.

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Organizers propose 'values-based' bank in Florida

10/05/20

Climate First Bank, which would be led by veteran banker Ken LaRoe, would offer loans to help individuals and organizations make environmentally sound decisions.

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Ohio University Credit Union adds 8 counties to field of membership

10/02/20

The expansion will give the $416 million-asset institution a deeper reach into southern parts of the state.

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Santander Bank to open Miami branch

10/02/20

With its first branch outside the Northeast U.S., the unit of Spanish banking giant Banco Santander wants to reach international clients who are familiar with the brand.

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Membership growth, profitability anxieties top of mind for credit unions

10/02/20

Many sectors are concerned about making money in an economic downturn, but those fears are higher in the financial sector, according to a study from Arizent.

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Court case reveals new details of fake-account allegations at Fifth Third

10/01/20

The bank has contends that the misconduct was widespread, but a whistleblower letter unearthed by the Consumer Financial Protection Bureau points to Chicago as a hotbed of customer abuse. "We are becoming a 'predatory' financial institution," the 2010 letter said.

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Will Minnesota credit unions’ growth plan catch on elsewhere?

10/01/20

A new initiative from the Minnesota Credit Union Network to help deepen share of wallet is believed to be the first of its kind and could be a model for credit union leagues in other states.

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‘Solid reputation’: Why regulators long deferred to Wells Fargo on sales abuses

09/30/20

A new watchdog report finds that prior to 2015, the Office of the Comptroller of the Currency missed numerous opportunities to address misconduct at the San Francisco bank.

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Most Powerful Women to Watch: Cassandra McKinney, Comerica

09/29/20

Promoted to executive director of the retail bank in April, McKinney oversees an operation that accounts for roughly 40% of Comerica’s workforce and 435 branches in five states.

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