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Attempts by online lenders to debit payments from consumers' checking accounts add a steep, hidden cost to online payday loans, according to a Consumer Financial Protection Bureau report released Wednesday.

Barclays Plc named Amer Sajed chief executive officer of its global credit card business, promoting him from the interim-head role he’s held for almost a year.

Transactis, a billing and payments company, has received a $30 million investment from Safeguard Scientifics and five banks.

To tackle alternatives to payday lending, regulators and the industry should consider these three ideas for pilot programs instead of the Consumer Financial Protection Bureau trying to fix what it cannot.

Recent steps by New York Community Bancorp to lower its borrowing costs paid off last quarter in higher net interest income and profits.

Goldman Sachs' Pain; N.Y. Voters Don't Trust Wall Street

A Consumer Financial Protection Bureau study found that borrowers pay steep bank penalty fees and may have their checking accounts closed when they take out online payday loans.

Huntington Bancshares in Columbus, Ohio, withstood issues in its energy portfolio to report higher quarterly profit.

U.S. Bancorp in Minneapolis on Wednesday reported lower profits, thanks to higher costs and further deterioration in the company’s energy portfolio.

Signature Bank in New York reported record profits in the first quarter as strong loan, asset and deposit growth more than offset increased expenses and deterioration in its portfolio of taxi-medallion loans.