Venture capitalist Tim Draper has been identified as the single winning bidder for a cache of bitcoins at a U.S. government auction, part of a larger pool of the virtual currency seized from the Silk Road website.

QCR Holdings (QCRH) in Moline, Ill., has exited the Small Business Lending Fund.

T-Mobile USA Inc. was charged Tuesday with making hundreds of millions of dollars by placing charges on phone bills for purported "premium" subscriptions that, in many cases, were bogus charges and never authorized by customers.

United Bancshares (UBOH) in Columbus Grove, Ohio, has agreed to buy Ohio State Bank in Marion.

The Fed also hit Taylor with a cease-and-desist order and a $3.5 million civil money penalty for its ties to an financial aid firm. Still, industry observers were impressed that deal is still on track.

FMB Bancshares in Georgia has become the second banking company to get pulled into involuntary bankruptcy after defaulting on trust-preferred dividends. Meanwhile, BNY Mellon is taking steps that could make it easier for more investors to force banks into bankruptcy.

Univest Corporation of Pennsylvania (UVSP) in Soudertown has purchased Sterner Insurance Associates in Coopersburg, Pa.

Lenders hope to earn bigger profits by originating loans that fall outside the qualified mortgage guidelines, for which they can charge borrowers significantly higher interest rates. But legal risks remain.

Regulators have ordered Community 1st Bank Las Vegas in New Mexico to appoint a new chief executive and clean up its loan portfolio.

Lengthening loan terms are cause for concern because they open lenders up to potentially larger losses if loans sour. But low delinquency rates on car loans suggest that such fears may be exaggerated.

Online electronics retailer Newegg has begun accepting Bitcoin in response to demand from its customer base.

A U.S. district court has halted a Georgia-based operation from using threats and lies to collect $3.5 million in phantom payday loan "debts" that consumers didn’t owe.

Half of all frequent credit card users are unbothered, or feel relieved, when a legitimate transaction is blocked, a new study found. The results show that cardholders are appreciative that banks are becoming more vigilant about fraud.

John McNamara, chief marketing officer at LiveVox Inc. and a former chairman and speaker for key Collections & Credit Risk conferences, will be leaving LiveVox to take a role with the Consumer Financial Protection Bureau.

Dollar collections dropped and the amount of credit extended also slipped. Accounts placed for collection fell as well, a sign more creditors are falling too far behind to ignore, sparking more collection activity.

Vining Sparks has snagged a banking analyst with hands-on bank management experience.

First Niagara Financial (FNFG) in Buffalo, N.Y., has recruited a former executive at JPMorgan Chase (JPM) to join its board.

Associated Banc-Corp (ASBC) has acquired $100 million in credit card receivables tied to the Green Bay, Wis., company's customers.

The U.S. Supreme Court declined Monday to hear an appeal from Equifax Inc. involving what it considered an adverse tax ruling in Mississippi.

In order to ensure that small businesses owned by people of color can grow and prosper, new SBA head Maria Contreras-Sweet should prioritize helping those businesses access capital and get a fair shot at corporate contracts.