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A London-based startup aims to allow consumers to use Bitcoin as a form of payment – even with merchants that haven’t started using the digital currency.

Frederick J. Hanna & Associates agreed Monday to pay $3.1 million to settle a CFPB lawsuit that alleged the firm illegally operated a debt collection lawsuit mill. The law firm has responded to the proposed settlement.

The Consumer Financial Protection Bureau is charging the law firm Frederick J. Hanna & Associates $3.1 million over allegations that it illegally filed debt collection lawsuits against consumers.

Goldman Sachs Group Inc. and JPMorgan Chase & Co. will probably benefit most from the coming wave of financial technology disruption, rather than being supplanted by startups driving the change, according to an Autonomous Research survey.

A proposal issued two weeks ago by the FHFA calls on the two government-sponsored enterprises to identify opportunities to increase their purchases of small multifamily properties in rural areas, sparking some concern among lenders.

CalWest Bancorp in Irvine, Calif., has raised $14 million through a private offering to recapitalize and to retire its Troubled Asset Relief Program funds.

Everyday investors provide marketplace lenders a cushion in case institutional buyers find greener pastures. But regulatory hurdles and an addiction to fast growth are making it difficult for the platforms to lure those coveted savers.

Though there are some key differences between nonprofits and their boards and not-for-profit credit unions and their boards, CUs can learn a lot from mistakes made by their nonprofit counterparts, according to one CU consultant.

UAE Banks Federation (UBF), an association of 49 banks in the United Arab Emirates, this month said in it will move ahead with plans to develop a mobile wallet accessible to its members in 2016.