Chase Adds Ritz-Carlton as ‘Ultimate Rewards’ Partner
Chase Card Services has added The Ritz-Carlton Hotel Company as its newest “Ultimate Rewards” point transfer partner.
This means that Chase Sapphire Preferred, Ink Plus and Ink Bold card holders are ...
Chase: 80% of SBA Loans Were for Less Than $250,000
Chase, the top Small Business Administration lender by volume, approved more than $1.1 billion in SBA loans and lines of credit to more than 5,300 businesses in 2011.
For the past three years, more than 80 percent ...
Fed’s Stress Tests: Citi, Ally, SunTrust, MetLife Didn’t Pass
The Federal Reserve said 15 of the 19 biggest U.S. financial institutions would be able to maintain capital levels higher than is deemed necessary in an economic scenario worse than the financial crisis of 2008.
The ...
Foreclosure Fiasco: Managers Allowed Careless ‘Robo-Signing’
For the first time since the “robo-signing” of foreclosure affidavits surfaced in 2010, audits from federal officials detail an uncontrolled environment where supervisors often joined hired hands to sign stacks ...
Lenders Face Strict Foreclosure-Relief Rules in $25B Settlement
Administration officials and state attorneys general today filed in federal court the proposed agreements with the nation’s top lenders in the $25 billion mortgage servicing settlement announced a month ago.
The ...
Delayed $25B Mortgage Settlement Nears Court Filing
More than a month after federal and state officials announced a $25 billion mortgage settlement to help wronged foreclosure victims, the deal with the nation’s top five lenders could be presented to a federal ...
HAMP: Chase, Bank of America ‘Improve’ Mortgage Mod Practices
Treasury and Housing officials say the biggest mortgage servicers in the administration’s foreclosure-prevention campaign, Home Affordable Modification Program (HAMP), showed “considerable” improvement in ...
Consumer Agency Accepts Complaints on Checking, Savings Fees
The U.S. Consumers Financial Protection Bureau is now accepting complaints about checking and savings accounts, including issues with excessive or unfair banking fees.
Since the agency launched last July, it has ...
Banks See 10th Straight Quarter of Profit Increases: FDIC
In the fourth quarter 2011, federally insured banks saw their 10th consecutive quarter with a year-over-year increase in profits, according to the Federal Deposit Insurance Corporation.
The banking industry is now ...
JD Power: Big Bank Defections Up on Fees, Poor Service
The consumer backlash against big bank fees, along with poor service, has fueled increases in defection rates among customers of large, regional and midsize banks, according to the J.D. Power and Associates.
The ...
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