Debt buyer PRA Group announced that Lance L. Weaver has been appointed by the company's board of directors to serve as an independent director.

A voter initiative in South Dakota to cap payday loan interest rates at 36% will be on the state’s ballot next year despite complaints from payday lenders that it will put them out of business.

Despite increased investment and development in the consumer payments space around mag stripe, EMV and contactless payments solutions, there is still a huge concern when it comes to data theft.

WASHINGTON — An investigation into potential discriminatory lending practices of a company owned by Berkshire Hathaway is spurring attention by the Consumer Financial Protection Bureau.

Capital Bank CEO Eugene Taylor took a three-year break from acquisitions until agreeing to buy CommunityOne earlier this year. Taylor hopes the deal provides evidence that his team is a buyer – not a seller – in the year ahead.

CNB Financial in Clearfield, Pa., has agreed to buy Lake National Bank in Mentor, Ohio.

A federal judge is urging the parties of a closely watched pot-banking case to settle their dispute.

A federal court has halted and frozen the assets of an operation that the FTC alleges bilked millions of dollars from nonprofit organizations and small businesses through an office supply scam.

A federal court has halted and frozen the assets of an operation that the FTC alleges bilked millions of dollars from nonprofit organizations and small businesses through an office supply scam.

Bank of America will post a $600 million pretax writedown in the fourth quarter as it redeems $2 billion of trust preferred securities tied to its 2009 acquisition of Merrill Lynch.

The $390.1 million-asset company said in a press release Tuesday that it has agreed to sell common stock to institutional investors led by Patriot Financial Partners.

If dead men tell no tales, that makes identity theft of deceased account holders all the harder for card issuers to combat, particularly when the perpetrators are bank insiders.

Cortland Bancorp in Cortland, Ohio, is set to add a pair of former bankers to its board.

Far from the madding crowd, the GE spinoff Synchrony runs an innovation lab in Stamford, Conn., that is buzzing with pragmatic projects and a culture that promotes collaboration and quick execution of new ideas.

If dead men tell no tales, that makes identity theft of deceased account holders all the harder for card issuers to combat, particularly when the perpetrators are bank insiders.

Calumet Bancorp. in Chilton, Wis., has agreed to buy Calumet Bancshares in Brillion, Wis.

The banking group, already irate over a plan to drastically change the timing of loan-loss provisions, is blasting remarks by FASB Chairman Russell Golden linking community banks to the financial crisis. FASB, meanwhile, said the comments were meant to be a criticism of current credit loss models — not banks.