consumer banking

US Bank Launches Loan To Compete With Payday Lenders

US Bank Launches Loan To Compete With Payday Lenders
US Bank Launches Loan To Compete With Payday Lenders
September 11, 2018  |  Alternative Credit

U.S. Bank is entering the small-dollar lending arena. Going forward, U.S. Bank depositors will be able to tap into an online, digital lending product aimed...

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US Bank Exec Retirement Triggers Big Reorg
US Bank Exec Retirement Triggers Big Reorg
September 06, 2018  |  Personnel

U.S. Bank announced that John Elmore, vice chairman of Community Banking & Branch Delivery, will retire, which has led to a major reorganization at the...

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Chinese Consumers Turn To Bank Deposits For Financial Security
Chinese Consumers Turn To Bank Deposits For Financial Security
September 06, 2018  |  Banking

More Chinese consumers are choosing to deposit their money into traditional banks as they turn away from higher-yielding assets in favor of financial security. According...

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FCA Rolls Out Rules To Help Consumers Make Better Financial Services Decisions
FCA Rolls Out Rules To Help Consumers Make Better Financial Services Decisions
August 16, 2018  |  Legal & Regulation

The Financial Conduct Authority (FCA) and the Competition and Markets Authority (CMA) announced on Thursday (Aug. 16) that consumers and small businesses will have better...

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Citigroup’s Jud Linville To Leave As Part Of Executive Reshuffling
Citigroup’s Jud Linville To Leave As Part Of Executive Reshuffling
August 13, 2018  |  Banking

Citigroup announced Monday (Aug. 13) that Jud Linville, CEO of global cards and consumer services, will leave the bank as part of executive reshuffling. According...

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Legislation Would Ban Banks From Overdraft Fees On Debit, ATM Transactions
Legislation Would Ban Banks From Overdraft Fees On Debit, ATM Transactions
August 03, 2018  |  Banking

Sen. Cory Booker has proposed legislation that would prohibit financial institutions from charging overdraft fees on debit card transactions and ATM withdrawals. Get the Full...

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Wells Fargo Refunding Customers For Add-On Products
Wells Fargo Refunding Customers For Add-On Products
July 19, 2018  |  Banking

Wells Fargo, the embattled national bank, is reportedly refunding tens of millions of dollars for a range of products, including pet insurance and legal services....

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Bank Of America Earmarks $500M In Tech Spend As Mobile Use, Zelle Soar
Bank Of America Earmarks $500M In Tech Spend As Mobile Use, Zelle Soar
July 16, 2018  |  Earnings

Continuing the recent string of earnings from big banks – a string that kicks off earnings season per tradition – Bank of America said loan...

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