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The federal government recently began to discourage companies from using SMS-based authentication in their two-factor authentication schemes. So do banks need to completely eliminate authentication via text message? Not entirely.

BLF Global Asset Management Ltd., a finance firm tied to Alberto Statti that collapsed months before he set up failed brokerage Invexstar Capital Management Ltd., will leave its creditors with less than four pence for every pound they're owed.

Banks and industry representatives are asking whether the proposed long-term liquidity rule properly takes into account the risk profiles of certain assets, the interaction with other liquidity rules, and even whether the regulation is needed at all.

Another data firm plans to seek regulatory certification as a credit bureau for payday lenders.

United Community and Wells Fargo are among the banks building platforms to lend to senior-care facilities. Demographics suggest the business should grow significantly in coming years.

Another data firm plans to seek regulatory certification as a credit bureau for payday lenders.

Credit unions across the country launch new technology and open branches in new locations, all while keeping a focus on member service.

Online alternative financing can be an efficient source of capital for small businesses, but it can also be predatory, especially to unaware and inexperienced borrowers.

ICBA Bancard has bought an agent bank portfolio from Fifth Third Bancorp in Cincinnati that carries about $98 million in credit card receivables.

For years, Tian Jia made the kind of returns on his money that investors in the rest of the world could only dream of. The 29-year-old Beijing-based programmer had $440,000 on deposit at the Hong Kong bitcoin exchange Bitfinex until last week.