The U.S. government will treat Bitcoin as property for tax purposes, applying rules it uses to govern stocks and barter transactions, the Internal Revenue Service said in its first substantive ruling on the issue.

Nearly 150 million U.S. adults are expected to be banking on their mobile devices by 2018, and lenders can roll out the red carpet with user-friendly apps and modernized branches.

Delinquent first mortgages totaled 5.65 percent of outstanding balances, down more than 22 percent year-over-year in February, according to a new report.

Ratings for the opening weekend of the NCAA Men's Basketball Tournament rose 8% from a year earlier. Several financial firms benefited from the visibility of having their names on venues that hosted games.

Washington Federal (WAFD) in Seattle has shifted a number of executive titles and responsibilities.

The CFPB says it is in the late stages of formulating new regulations for the payday lending business.

Lakeland Financial in Warsaw, Ind., has appointed Lisa O'Neill as its new chief financial officer. She joins the $3.2 billion-asset company from First Manitowoc Bancorp in Manitowoc, Wis., where she has served as CFO since 2007.

Instead of tasking one team with developing new products, give everyone – from senior management to tellers – permission to innovate continuously. Tapping those with firsthand experience of what works and what doesn't on a day-to-day basis can spur big changes.

Convergys has acquired rival call center giant Stream Global Services for $820 million.

The agency released new research that suggests it’s likely to restrict the frequency with which consumers can take out payday loans.

Let's stop talking about what we don't like and start having more productive discussions on how elected representatives, regulators, consumer groups and industry leaders can work together to foster innovation in the short-term credit market that leads to better products for the nation's consumers.

Simmons First (SFNC) in Pine Bluff, Ark., has agreed to buy Delta Trust & Banking in Little Rock, Ark.

First Financial Bancorp (FFBC) in Cincinnati has promoted Brad Ringwald to president of corporate banking. Ringwald joined First Financial in 2006 and has been the president of its specialty finance group since the unit was established three years ago.

U.S. News & World Report published a commentary piece on debt collection practices on Monday. Perhaps not surprisingly, the article does not cast the industry in a favorable light.

Noah Hanft, MasterCard's general counsel and chief franchise officer, is leaving the financial industry (mostly) behind for a gig as the head of the International Institute for Conflict Prevention and Resolution.

Solera National Bancorp (SLRK) is being challenged by a former director who wants to wrest control of the Lakewood, Colo., company's board.

Federal banking regulators issued a proposal that would establish standards for states that register and track appraisal management companies.

Xenith Bankshares (XBXS) had been eager to enter the bustling Hampton Roads area. It plans to use Colonial Virginia, located close to the region, to make a beachhead.

Tera Group Inc. created a legal framework for Bitcoin swaps, which would let investors trade payments based on how the virtual currency performs against a real one.

Higher rates, mounting costs and the opportunity to lend to underserved borrowers have pushed some residential lenders to lower their minimum FICO scores, despite broader reluctance to take more risk in a heavily regulated market.