Evolve Bank ‘failed in its most basic duty,’ stole from customers ...
Sep 18, 2024 · Evolve Bank ‘failed in its most basic duty,’ stole from customers: lawsuit The allegations come from Yotta Technologies, a fintech that says its customers are currently locked out of more than $100 million in funds.
Banking News and Analysis | Banking Dive
Banking Dive provides in-depth journalism and insight into the most impactful news and trends shaping the banking industry.
Huntington wants to open 55 branches in Carolinas over 5 years
Sep 9, 2024 · Dive Brief: Huntington Bank is expanding in North and South Carolina, targeting 55 branch openings in those states over the next five years, the Columbus, Ohio-based lender said Monday.; The first North Carolina branches will be located in Charlotte, Raleigh and Winston-Salem, while initial South Carolina branches will be established in Charleston, Columbia and Greenville, said CFO Zach ...
2025 banking conference roundup | Banking Dive
Oct 1, 2024 · A gathering centered on strategy sessions meant to grow businesses and brands. It’s aimed at bankers and other finance professionals, but it’s drawing talent from outside that sphere — with keynotes from Kevin O’Leary of “Shark Tank” fame and renowned animal trainer Cesar Millan and a comedy set from “Saturday Night Live” alum David Spade.
REV Credit Union to buy West Virginia bank | Banking Dive
Sep 5, 2024 · REV Credit Union to buy West Virginia bank The South Carolina-based credit union’s proposed acquisition of First Neighborhood Bank is the 15th announced whole-bank purchase by a credit union this year — one off 2022’s record of 16.
Navy Federal to pay $95M in CFPB overdraft case | Banking Dive
Nov 8, 2024 · Dive Brief: Vienna, Virginia-based Navy Federal Credit Union must pay more than $95 million in refunds and civil penalties related to surprise overdraft fees, the Consumer Financial Protection Bureau said Thursday.; From 2017 to 2022, the $171 billion-asset credit union charged customers overdraft fees on certain ATM withdrawals and debit card purchases, even when their accounts showed ...
FirstSun, HomeStreet terminate merger | Banking Dive
Nov 20, 2024 · Denver-based FirstSun Capital Bancorp and Seattle-based HomeStreet have agreed to terminate their proposed merger after determining “it is in the best interests of their respective companies,” both firms said in filings Tuesday.. The termination comes roughly three weeks after the banks disclosed they were “discussing the pursuit of an alternative regulatory structure ” for the deal ...
Breaking down capital requirements - Banking Dive
Dec 4, 2023 · Picture this: You’re in your car, driving down the road, and something goes awry. Your car is out of control, and it comes to an abrupt stop when it hits something; and it hits something hard enough that your airbags deploy.
Ally names new risk, audit chiefs | Banking Dive
Nov 21, 2024 · Dive Insight: The appointments reflect some shaping of the executive team by relatively new CEO Michael Rhodes. Rhodes took the helm of the $193 billion-asset bank in April, following the departure of CEO Jeffrey Brown.. Prior to joining Ally, Rhodes spent a brief period as the CEO of Discover, but left not long after Discover announced it agreed to …
Wells Fargo faces new class-action suit over cash sweeps
Sep 26, 2024 · A new class-action lawsuit accuses Wells Fargo of underpaying interest to clients in its cash sweep program. In the proposed class action brought against the San Francisco-based lender, plaintiff Darren Cobb accuses Wells Fargo of breach of fiduciary duty, fair dealing, breach of contract and unjust enrichment.