The telco-operated Isis mobile payments initiative plans to rebrand to avoid carrying the same name as a Middle Eastern militant group referred to as "ISIS" by western journalists.

Collection law firm Pressler and Pressler violated the Fair Debt Collection Practices Act by not conducting a "meaningful review" of a collection action filed against a consumer, a U.S. district judge has ruled.

Unless we return the Farm Credit System to its original mission, taxpayers could be on the hook for a bailout in the near future and farmers’ access to credit could be reduced, writes Rep. Marlin Stutzman.

Amex has rules that bar merchants from steering their customers to a particular card – perhaps by offering a discount if you use Visa – and the government alleges that these rules violate antitrust law. What’s this case all about? American Banker's editors discuss.

MVB Financial (MVBF) in Fairmont, W.Va., has raised more than $37 million by issuing subordinated debt and selling preferred stock.

Sun Bancorp (SNBC) in Mount Laurel, N.J., has provided more details on its sweeping restructuring initiative.

Overstock.com plans to offer faster payouts to vendors and larger bonuses to employees to encourage bitcoin payments.

The CFPB should prohibit financial institutions from reordering transactions to maximize overdraft fees, require that fees be proportional to a bank’s costs to provide the loan and ban providers of prepaid cards from offering overdraft loans altogether, according to Susan Weinstock of The Pew Charitable Trusts.

First Midwest Bancorp (FMBI) in Itasca, Ill., has agreed to buy Great Lakes Financial Resources (GLFL) in Chicago.

Community Bank of Bergen County (CMTB) in Maywood, N.J., has started an online mortgage center.

American Bank in Fond du Lac, Wis., has agreed to buy InvestorsBank in Waukesha, Wis. American Bank, a unit of NEB Corp., will have more than $450 million in assets when the merger is completed.

A trial that began Monday in a government lawsuit against American Express will determine whether merchants are allowed to offer incentives to consumers to use a particular credit card. The two sides completely disagree on whether Amex's rules ensure or undermine competition.

R.C. Giltner Services says it can help smaller financial institutions sell reimagined checking accounts for a consumer base that's hankering for them.

Idaho Independent Bank (IIBK) in Boise will offer medical savings accounts to American Health Value customers.

Steele Street Bank & Trust decided to find a buyer when CEO Bob Malone realized the bank lacked the size to adequately court business in the Mile High City.

A recent GAO report called for the Consumer Financial Protection Bureau to be involved in interagency discussions about virtual currencies, but others say the bureau's jurisdiction is murky, technology may move too fast for consumer rulemaking and too much regulation too early could kill innovation.

Banc of California (BANC) in Irvine says it booked more than $1.4 billion in loans during the second quarter.

The plaintiff seeks class-action status, alleging World Acceptance misled investors and failed to disclose unfavorable business facts.

The Federal Trade Commission added new charges of mobile cramming to a complaint filed against an operation that allegedly sent millions of unwanted text messages and robocalls to consumers.

Many small banks lack the resources to make necessary investments in cybersecurity. One solution could be to institute regional centers that would allow banks to pool resources, train staff and investigate potential breaches.