A payday lending executive who New York prosecutors say violated the state's usury laws is set to be arraigned Tuesday in a Manhattan court.

ITT Educational Services Inc. has seen a large drop in its stock price and other woes amid a Consumer Financial Protection Bureau lawsuit and tightening regulatory scrutiny of for-profit colleges nationwide.

Security concerns are commonly cited as the reason for the lack of widespread adoption of mobile banking. But there is risk with every type of payment - lest we forget the growing list of recent major retailer and restaurant card data breaches.

In a speech Tuesday, the director of the Financial Crimes Enforcement Network will argue that recent guidance for banks regarding the marijuana industry is working as intended. But it's unclear whether banks' concerns about the risks have been addressed.

JPMorgan Chase, which last year said its private-equity unit would become independent, agreed to sell half of its $4.5 billion in buyout holdings to Carlyle Group LP’s AlpInvest Partners BV and Lexington Partners Inc.

The Consumer Financial Protection Bureau issued a warning to consumers about the danger of digital currencies, sparking questions about whether the agency could soon seek to write new rules in that area.

Two Midwestern banking companies, First Midwest Bancorp in Illinois and First Federal of Northern Michigan Bancorp, have completed previously announced acquisitions.

Old National Bancorp in Evansville, Ind., is selling $150 million of unsecured senior notes to fund the cash portion of pending deals and to possibly support future acquisitions.

JPMorgan Chase, the biggest U.S. bank, is considering moving its headquarters within New York as the company has fewer employees in the nation's largest city, according to a person briefed on the discussions.

The Consumer Financial Protection Bureau weighed into the debate about the future of digital currencies like Bitcoin, issuing a warning Aug. 11 that they pose significant risks to consumers.

Scammers in Ohio are posing as government and law enforcement officials demanding that consumers pay money immediately, according to state regulators.

The Consumer Financial Protection Bureau last week sent letters to 10 of the country’s largest universities urging them to publish the terms of prepaid cards, debit cards and checking accounts that banks are promoting on their campuses.

Misys, the British financial industry software provider, has acquired Custom Credit Systems in Richardson, Texas, which specializes in commercial lending technology, for an undisclosed price.

The banking industry had its second most profitable quarter in 23 years in the April-June period, according to SNL Financial.

Financial products are more available than ever, opening up vast markets here and abroad, including billions of unbanked consumers looking for new options from clever startup firms, says former Citigroup Chief Executive Vikram Pandit.

New charters were once an integral piece of the bank M&A food chain, allowing bankers to start anew after selling their institutions. Do novo banking has all but dried up, and the dearth of startups has made executives hesitant to sell their banks.

Paula Johannsen was the most-active financial adviser at midyear with six mergers under her belt. In a wide-ranging interview, she discusses Florida M&A, compliance delays and the reasoning behind mergers of equals.

Frederick J. Hanna & Associates, P.C., an Atlanta-based creditors’ rights and collection law firm, has expanded its legal collection footprint by opening an office in Greenville, S.C., that will service the entire state.

Local officials in Daly City, Calif. will review Monday whether to approve legislation that will prohibit new payday lending businesses from opening within 2,000 feet of existing payday lenders.

The mobile-centric consumer lender is turning to MoneyGram's vast retail network in an effort to reach borrowers who prefer to use cash. The partnership applies to borrowers in 15 states, but LendUp hopes to partner with a bank to take its service nationwide.