The Latest

The CFPB's annual report to Congress updates the current status of proposed debt collection rules and lists four key themes that emerged from the more than 23,000 comments received after the CFPB’s 2013 debt collection Advanced Notice of Proposed Rulemaking.

Restrictions on bank ownership act as a de facto poison pill, discouraging potential activist investors from challenging underperforming bank managers. Ease those restrictions and the market will do its job.

Banks Target Home Equity; Bitcoin Rival Emerges

Royal Financial in Chicago has agreed to sell $25.8 million of distressed assets associated with its pending purchase of Park Bancorp in Chicago.

The National Credit Union Administration on Thursday said it has accepted a $29 million offer of judgment from Credit Suisse to resolve claims arising from losses related to purchases of residential mortgage-backed securities by Members United and Southwest Corporate Credit Unions.

Fallout from widespread data breaches hurts many payment industry sectors, but this year's tax-filing season brings fresh pain for the prepaid card industry, with new details out connecting prepaid cards with some of last year's biggest tax refund fraud busts.

The capacity for EMV cards to swiftly and drastically reduce payment card fraud in the U.S. is by no means assured.

Banks have to know a lot about their customers, who generally trust them to keep personal information secure. Who better to serve as digital identity providers in a post-password world?

Though the use of a digital identity may take years to go mainstream with consumers, BBVA Compass is thinking about the role that banks should play and taking steps toward being part of the solution.

Ryan Singer, CEO and cofounder of startup Blockchain Health, discusses the problems with the traditional "shared secrets" method of verifying identities, and the possibilities opened up by mobile computing devices.