JPMorgan Chase pressured customers to repay debts they did not owe, sold collections agencies rights to credit card accounts that had been extinguished in bankruptcy and tolerated frequent errors by its third-party collections attorneys, according to a lawsuit filed by Mississippi Attorney General Jim Hood on Tuesday.

Financial Institutions already disclose their agreements with schools that allow marketing of credit cards, but the Consumer Financial Protection Bureau said that should be extended to debit, prepaid and other products as well.

The diverging responses of the nation's biggest bank and its largest retailer illustrate the broad divide that the Federal Reserve will be seeking to bridge in its effort to encourage a speedier payments infrastructure within a decade.

Keith Darcy, longtime head of the Ethics & Compliance Officer Association and former director of E-Trade Bank and New York National Bank, has joined Deloitte's compliance group as a senior advisor.

As branch traffic declines, community banks are considering how to enter new markets with products such as online and mobile banking.

PNC's decision to slim down and overhaul its branch network could inspire other banks to follow suit and finally start rethinking their expensive and outdated physical locations. American Banker editors discuss why most banks need to close down more branches, and why some regional and community banks remain committed to their existing networks.

TransUnion announced Tuesday that it completed the acquisition of Boca Raton, Fla.-based TLO, a risk information and analytics company.

TransUnion's annual auto loan forecast calls for increases in both delinquency and debt levels during 2014.

Branches are outdated, expensive and unwieldy. For years, bankers have postponed dealing with the dead weight. Now it looks like they’re starting to make the necessary hard decisions. Finally.

Community banks' prospects will improve if they accept that the financial services industry is changing. They must re-examine strategies and business models, and experiment and improvise to exploit new opportunities.

Amalgamated Bank of Chicago has named David Knopp its next president.

New York Attorney General Eric T. Schneiderman on Tuesday announced a settlement with Manor Resources LLC, a Delaware company that offered short-term auto title loans, secured by borrowers’ vehicles, at usurious rates of interest.

Union First Market Bancshares (UBSH) in Richmond, Va., plans to remake its board and expand its executive team after acquiring StellarOne (STEL) in Charlottesville, Va.

LNB Bancorp (LNBB) in Lorain, Ohio, has sold $3.7 million of stock as part of a plan to exit the Troubled Asset Relief Program.

M&T Bank's (MTB) long-delayed purchase of Hudson City Bancorp (HCBK) could be held up until the end of 2014.

Reforms of recent years appear to be working and the Federal Housing Administration’s worst financial days appear to be behind it. Time for the agency to return to its mission.

Chinese central bank officials told third-party payment service providers to stop offering clearing services to online Bitcoin exchanges, according to China Business News, which is affiliated with the Shanghai government.

Next year will be mixed bag for automobile lenders, with both delinquency rates and loan balances expected to rise, according to a forecast released Monday by the credit bureau TransUnion.

A new report from the American Bankers Association finds that today's card holders have significantly higher credit scores than card holders had several years ago and are substantially more likely to pay off their full balances each month.

Actions jointly announced against California-based CashCall signal the Consumer Financial Protection Bureau's intent to target online lending based on claims originating in states.