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Nov 12

Urban Trust Bank Rebrands to Axiom Bank

Urban Trust Bank, based in Lake Mary, Fla. with $617 million in assets and $527 million in deposits, has started its rebranding process of becoming Axiom Bank. In the coming months, customers will begin to see logo changes on everything from branches to checks to email notices from Axiom Bank. The bank’s new website address

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Nov 10

Frontier Bank Is Shut Down By Regulators

Frontier Bank, based in Palm Desert, Calif. with $86.4 million in assets and $82.1 million in deposits, was closed by federal regulators on Friday. The failed bank’s deposits were assumed by Bank of Southern California, based in San Diego, Calif. The two branches of Frontier Bank have reopened as branches of Bank of Southern California.

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Nov 03

Huntington Bank Launches Two New Checking Accounts

Huntington Bank, one of the large regional banks in the Midwest, has launched two new interest-bearing checking accounts to its product lineup. Called Huntington 5 Checking and Huntington 25 Checking, they offer additional perks like interest-rate bonuses, non-bank ATM and credit card bonuses. They each have monthly fees, noted by their names ($5 and $25,

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Oct 22

NBRS Financial Becomes 15th Bank to Fail This Year

It’s been a while since a bank failed — the last one was in July. But, that streak didn’t last long. On Friday, NBRS Financial, based in Rising Sun, Md. with $188.2 million in assets and $183.1 million in deposits, was closed by federal regulators. All deposits were assumed by Howard Bank, based in Ellicott

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American Express Membership Rewards Points Can be Used at McDonald’s
Oct 15

American Express Membership Rewards Points Can be Used at McDonald’s

American Express card customers who participate in the Membership Rewards program will be able to use their points in real-time for purchases at McDonald’s restaurants. The new payment option is expected to be available McDonald’s locations by December 2014. “When Card Members pay with their American Express Cards at McDonald’s, this technology adds flexibility and

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Bank of America to Issue EMV Chip Debit Cards
Sep 30

Bank of America to Issue EMV Chip Debit Cards

Bank of America announced that all new and reissued consumer and small business debit cards will carry EMV chip technology starting in October. “The new chip-enabled debit cards will improve security of customers’ transactions when traveling abroad and at home, as more U.S. merchants adopt chip technology,” said Titi Cole, retail products and underwriting executive

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U.S. Bank to Refund $48 Million Over Illegal Add-On Products
Sep 26

U.S. Bank to Refund $48 Million Over Illegal Add-On Products

U.S. Bank has been ordered by the Consumer Financial Protection Bureau to refund roughly $48 million to more than 420,000 customers who paid for identity theft protection and credit-monitoring services, but never received them. “We have consistently warned companies about practices related to add-on products and we will do what is necessary to prevent further

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Sep 16

First Trade Union Bank Offers Debit Card Rewards Program for Cutting Student Loan Debt

First Trade Union Bank has partnered with SmarterBucks to provide a debit card rewards program that helps customers pay down their student loan debt. “We’re proud to be the bank that provides the only debit card that earns SmarterBucks rewards to help pay down student debt and improve consumers’ financial management,” said Michael A. Butler,

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American Express Serve Raises ATM Fees and Withdrawal Limits

American Express Serve Raises ATM Fees and Withdrawal Limits

American Express Serve, the prepaid card, is making some changes to its accounts terms — one good, one bad, according to an email notice sent to cardholders. Starting October 30, 2014, Serve cardmembers will pay an out-of-network ATM withdrawal fee of $2.50, up from $2. The best way to avoid this fee is to use

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Ally Bank Launches Mobile Apps for Android Tablets, Kindle Fire
Sep 15

Ally Bank Launches Mobile Apps for Android Tablets, Kindle Fire

Ally Bank introduced native mobile banking applications designed specifically for Android and Kindle Fire tablets that allow customers to manage their accounts, perform transactions and find more information about Ally accounts and rates. “With more customers accessing their accounts via tablet, we saw an opportunity to make the Ally banking experience obviously better for tablet

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