Consumer banking

Ghost funding and sandbagging: Wells Fargo’s sales tactics on trial

11/20/19

A lawsuit filed by a New Jersey branch employee who was fired in 2016 includes detailed allegations about the pressure that front-line workers faced to meet monthly sales targets. The case is scheduled to go to trial in February.

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U.S. banking regulators taking harder look at climate change

11/18/19

In recent months federal regulators have been speaking out on the risks that extreme weather events pose to the financial system, something their European counterparts have been doing for some time.

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USAA won $200M from Wells Fargo in patent fight. Will others be on the hook?

11/18/19

The remote deposit capture tech at the center of the dispute is used by 6,500 institutions. That may mean other institutions will have to pay licensing fees to USAA.

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CIT Group's digital bank adds checking

11/15/19

The company says it's responding to the feedback of consumers who want online options beyond savings products.

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Tired of paying ‘ransom’ to core vendors, two small banks fund new one

11/13/19

The State Bank Group and The Provident Bank are backing Neocova, which focuses on community banks.

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Google to partner on checking accounts; Wells pushes for rebates

11/13/19

Tech giant takes will work with Citi; the bank reportedly asked IT providers to return some of the money it paid them in 2018.

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Bias probe or not, the Apple Card is setting a new standard for banks

11/11/19

The tech company’s card seems to be raising consumers’ expectations that they should be able to get and use a card instantly and receive useful notifications.

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Challenger bank tailors rates to encourage savings

11/08/19

HMBradley will assign interest rates according to how much customers set aside from direct deposits each month.

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BBVA, Prosper partner on digital home equity lines of credit

11/04/19

Prosper hopes to do for lines of credit what it did for unsecured personal loans, while BBVA hopes to provide a better experience for customers.

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CIT pledges $7.75B reinvestment as part of Mutual of Omaha deal

11/01/19

CIT Group has agreed to lend and invest the money mostly in California as well as in the eight states where Mutual of Omaha Bank has branches.

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