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For Paul Stetter, an adviser at Fulton Financial Corp. in Lancaster, Pa., moving to a fee-based advisory business was a no-brainer. The 38-year-old adviser "didn't want to wind up at 55 working the same way I've been working for the past four years," starting from zero each month.

In a move to expand its U.S. investment adviser and wealth management operations, Royal Bank of Canada said Tuesday it has agreed to buy JPMorgan Chase & Co.'s third-party registered investment adviser service business; the price was not disclosed.

Ocwen Financial's internal review group is "independent," and the Atlanta servicer is in compliance with the national mortgage settlement, settlement monitor Joseph A. Smith said Tuesday.

Walter Investment Management in Tampa, Fla., said its second-quarter loss widened, as it recorded a goodwill impairment charge in its reverse mortgage division.

A federal judge has overturned a New York City law that would have required banks to make new disclosures regarding their investments in local communities.

If your current program incurs a high number of false declines; blocks orders from specific countries or entire regions based on fraud; or blocks deliveries to specific countries or regions for fear of fraud, then that fraud prevention strategy is hindering your sales and growth. says ClearSale's Rafael Lourenco.

Traditional rules-based platforms are insufficient to protect real time payments. Using historical patterns can predict some fraud but will not prevent new evolving patterns as they emerge for the first time, says Deep Labs' Michael Lynch.

Making the case for process optimization is a lot harder, however, because the costs are hidden and hard to measure, says Nvoicepay's Kristin Cardinali.