James Ladio, a former chief executive of MidCoast Community Bank in Wilmington, Del., was sentenced to two years in prison for his role in a fraudulent loan scheme.

Recent technological advancements are forcing banks to change the way they do business while staying true to the customer relationships that determine their success.

Lowell Group, a United Kingdom-based provider of credit management services specializing in debt recovery and data analytics, has earned a consulting agency's highest rating awarded for customer service.

Target Corp. (TGT) must defend itself against claims that its failure to shield computer systems allowed hackers to steal the account data of millions of shoppers, forcing banks to reimburse fraudulent charges and issue new credit and debit cards.

After nearly two years, the Justice Department so far has accused just one bank of facilitating consumer fraud. And the aftermath of that case suggests that prosecutors' strategy is not as effective as they hoped it would be.

The U.S. operations of BMO Financial Group reported a 50% increase in its fiscal fourth quarter earnings, as credit costs decreased and revenue increased.

The comptroller of the currency said regulators will act before the end of a mandated review of potentially outdated rules "when a solid case has been made for reform."

Beneficial Mutual Bancorp has completed the stock-sale portion of its conversion to a wholly stock-owned company, raising between $468 million and $550 million.

Bank executives need to understand these basics of vulnerability and accountability when it comes to the security of electronic networks — or they could quickly lose their jobs.

The company spent several years cutting costs and exiting troublesome business to stay afloat. This year, however, management has been focused on upgrading branches and offering a small, unsecured loans to lure younger borrowers.

Nonbank mortgage servicers are already in the crosshairs of regulators. Now they will face even more scrutiny from Fannie Mae and Freddie Mac.

Hills Bancorp. in Hills, Iowa, expects to record a nearly $2 million impairment charge in the fourth quarter.

Supreme Court justices appeared skeptical of both sides during oral arguments on Monday in a case that could shape whether regulators have to ask for public feedback before significantly changing a rule.

Initiatives meant to increase access to credit have rekindled the debate over whether housing counseling is the best and most cost-effective way for preparing consumers to become mortgage borrowers.

WASHINGTON — Federal regulators on Tuesday released the latest guidebook for examiners to use in assessing banks' anti-money-laundering programs.

A new study suggests that most consumers only waive their right to sue companies in court and participate in class actions because they don't understand the contracts they're signing.

The Consumer Financial Protection Bureau will hold a field hearing on medical debt collections at noon, EST on Dec. 11 in Oklahoma City.

The Bancorp in Wilmington, Del., will have a new chief executive next year.

Account Control Technology Inc. has been recognized as the No. 1 private collection agency on the U.S. Department of Education's unrestricted contract for the quarter ending September 30.

In South Africa, debt collectors have been dealt a major setback with new legislation requiring that any debt more than three years old cannot be pursued for collections.