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Category Archives: Banking

Wells Fargo to pay $4 million in student-loan servicing probe

Wells Fargo Bank agreed to pay $4 million to resolve allegations by the Consumer Financial Protection Bureau that it used illegal payment-processing practices resulting in higher costs for some borrowers.

Denver Community and Soopers credit unions to merge

Two of the metro area’s oldest credit unions — Denver Community Credit Union and Sooper Credit Union in Arvada — are merging, creating a financial institution with more than $620 million in assets, the two announced Tuesday.

Colorado to receive $4 million in interest-rate settlement with Barclays Bank, says attorney general

Colorado is expected to receive over $4 million in a settlement with Barclays Bank PLC and Barclays Capital Inc., according to the Colorado Attorney General’s Office.

If payday loans go away, what replaces them?

Payday loans can leave borrowers in a cycle of debt, but even consumer advocates who loathe the industry admit it fulfills a need.

Merged IHS and Markit will trade under new Nasdaq symbol

The combined company, IHS Markit Ltd., expects trading of common shares under the new symbol to begin July 13 on the condition that IHS and Markit complete the merger July 12.

Capital One Cafe coming to Denver, will offer financial services in a coffee shop

Capital One has picked The Triangle Building for the first Denver location of its new banking concept, Capital One Café, developer East West Partners announced Monday.

Students think about financial literacy at Porter-Billups Leadership Academy

The program taught kids about money in the modern age and promises scholarships to students who participate for several semesters.

Supreme Court will hear appeal over high ATM fees

The Supreme Court will hear an appeal from Visa and MasterCard seeking to throw out a lawsuit accusing the credit card companies of illegally fixing ATM prices.

Visa threatening to stop King Soopers from accepting debit cards, court docs show

Kroger Co. filed a lawsuit against Visa Inc., saying the payments network has threatened to raise fees and cut off the grocer’s acceptance of debit cards due to a dispute about the use of personal identification numbers to verify debit-card transactions.

Stocks, pound fall again due to UK vote uncertainty

U.S. stocks indexes headed sharply lower in afternoon trading Monday as investors grappled with the fallout of Britain’s vote to leave the European Union.

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