The founder of DECA Financial Services, once a fast-growing debt collection agency in Fishers, Ind., is facing federal charges in a $5 million fraud case.

The once-distressed parent of First National Bank of Howell is on the road to recovery. For attorney Stanley Dickson, the comeback means more than a return on investment. It allowed him to save a bank that has been there for his family for over four generations.

Alternative lender FastPay, which specializes in lending to digital media startups, received $15 million from newly formed Oak HC/FT, a $500 million growth-equity fund that invests in health care and financial technology.

Poage Bankshares in Kentucky disclosed that its chairman has died.

The overly complex Dodd-Frank Act came about because policymakers failed to tie regulation and regulatory structure together effectively. The next step in financial reform should be to simplify — and perhaps consolidate — regulatory processes.

Corinthian Colleges Inc., the higher-education company accused by the CFPB of fair debt violations, announced Thursday that it has agreed to sell campuses in 17 states to an organization that also came under fire this year for collection practices.

Regulators are threatening more action to force improvements in the behavior of bank employees, but executives are shooting back that the task is easier said than done and that change has to come from inside and not through supervisory orders.

Michael Levitis, the owner of a New York debt settlement company, was sentenced to nine years in prison Wednesday after pleading guilty in a fraud scheme that law enforcement officials said victimized 1,200 people with false promises of relief from credit card companies and banks.

Hudson Valley Holding in Yonkers, N.Y., has agreed to sell A.R. Schmeidler & Co., an investment adviser unit, to Pine Street Asset Management.

Pacific Continental in Eugene, Ore., has agreed to buy Capital Pacific Bancorp in Portland, Ore.

Hotly competitive and entirely opaque, art banking thrives in the world's last unregulated market.

The heads of banks are resistant to analytics and data-driven decisions in general, according to a new survey, yet embrace them in limited uses.

Only eleven months after cheering Federal Housing Finance Agency Director Melvin Watt's confirmation, Senate Democrats are fed up with the pace of reforms at the agency.

UMB Bank's strong fee revenue and cheap deposits give it leeway to compete on loan pricing, employing a strategy often used by much larger banks. Mike Hagedorn, the 100-year-old bank's chief executive, also discussed UMB's renewed interest in disciplined M&A.

Discover Financial Services has finalized a new policy that will make it easier for its credit card customers to redeem their cash rewards.

With an eye on eliminating mortgage buybacks and adhering to increasing regulatory compliance obligations, mortgage lenders are redoubling their sales training efforts for both rookie and veteran loan officers.

Wells Fargo announced Wednesday that former Federal Reserve Board Gov. Elizabeth “Betsy” Duke is joining its board of directors.

The New York unit of Japanese securities firm Nomura Holdings may be three traders short after reportedly placing them on leave, but the firm is said to have muscled away a large auction held yesterday.

Crazy Woman Creek Bancorp in Buffalo, Wyo., has exited the Troubled Asset Relief Program.

Federal and state regulators on Wednesday stopped an online scheme that allegedly lured consumers with offers of free credit scores.