MasterCard has promoted Debra Janssen to managing director of its Access Prepaid Worldwide subsidiary.

Though Simple Finance Technology's BankSimple has yet to launch, it is becoming an early adopter with the technology it uses to open accounts and vet new customers.

The online bank has (begrudgingly) started offering customers paper checks. Like credit cards, its checkbooks must be activated before using.

The article "Bankers Fear 'Witch Hunt' in Government Pursuit of Fair Lending Cases" [Aug 2] chronicles the response of bankers, advocates, the Department of Justice itself, and others to "an aggressive push by the Justice Department to investigate fair lending claims..." and "...the launch last year of a special fair-lending unit within Justice's civil rights division...investigating claims of bank discrimination in their credit policies."

AUSTIN, Texas – University Federal Credit Union (UFCU) here said it will open three branches by deploying a tellerless environment.

Community bankers have a chance to have our issues heard over the next few months on the national front.

Mortgage servicers slowed the pace of proprietary loan modifications in the second quarter.

Jeffrey Rosenberg, head of global credit research at Bank of America Corp., has left the largest U.S. lender to join BlackRock Inc., according to a person familiar with the move, who declined to be identified because it hasn't been announced.

He's a big investor in banks, and as such, John Paulson's rough year is getting rougher.

Bank of America Corp. won a $5.2 million judgment against the Irish developer Garrett Kelleher and his Shelbourne Development Group Inc. for defaulting on a loan for the planned 150-floor Chicago Spire condominium tower.

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Neither the questions nor the answers lived up the hype during the 90-minute public conference call hosted by investor Bruce Berkowitz.

Comerica had the lowest cost of deposits in the first quarter among a group of large bank holding companies, and Discover ranked last. Still, cheap funding is not a sufficient condition for profitability.

HSBC is selling a card business for an 8.75% premium. It may be time for Citi to cut its price on a similar portfolio.

Many merchants may still validate their compliance against the Payment Card Industry data security standard even though Visa has promised to waive that requirement for merchants that accept chip cards, the PCI council says.

WASHINGTON — Federal regulators are seeking input on new options for selling foreclosure properties owned by the government sponsored enterprises and the Federal Housing Administration.

S&P's move caused "a big rally in Treasuries and mortgage rates have come down near historic lows," Saiyid Naqvi says. "With that, we're seeing a surge in refinance volume."

Yesterday American Banker, with help from our readers, answered Berkowitz's call for the "toughest questions" for Moynihan. Will he answer yours? Join us over at the @AmerBanker Twitter feed, where we'll be live-Tweeting the call starting at 1 p.m. EST.

Vehicle repossession is a costly, arduous and unpleasant task for financial institutions. But retaking possession of the vehicle is only part of the process.

Capital One was already in the process of buying ING’s U.S. online banking business for $9 billion. Its premium on the HSBC deal would be $2.6 billion.