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Stock Market & Financial Investment News

News Breaks
January 17, 2014
08:01 EDTUSBU.S. Bank says to wind down Checking Account Advance
U.S. Bank will begin to wind down its short-term, small-dollar deposit advance product, Checking Account Advance, to align with final regulatory guidance issued by the Office of Comptroller of the Currency and the Federal Deposit Insurance Corporation. “We recognize our customers’ need for short-term, small dollar credit,” said Kent Stone, vice chairman of consumer banking sales and support at U.S. Bank. “We are committed to finding new solutions that meet the needs of all of our customers and fit within the current regulatory expectations.” Effective Friday, Jan. 31, U.S. Bank will no longer offer Checking Account Advance to new checking account customers. Checking Account Advance will be discontinued for current customers on May 30. Customers who have an outstanding balance at that time will be offered extended repayment terms. U.S. Bank will offer other forms of credit to customers who qualify.
News For USB From The Last 14 Days
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November 24, 2014
07:01 EDTUSBFed could further restrict banks' commodities businesses, NY Times says
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November 21, 2014
07:24 EDTUSBBB&T CEO says 'banks lending recklessly' again, Reuters reports
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November 19, 2014
07:51 EDTUSBClearing House Payments Company to hold a conference
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November 12, 2014
11:45 EDTUSBU.S. Bancorp CEO says relieved bank is not bigger than it is
Sees better industry wide loan growth in 2015 vs. 2014. Says consumers cautious getting deeper in auto, credit cards. Comments made at the Bank of America Merrill Lynch Banking and Financial Services Conference.
07:28 EDTUSBBofA/Merrill to hold a conference
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