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The Consumer Financial Protection Bureau charged the company with tactics that included illegal visits to consumers at their homes.

Opus Bank in Irvine, Calif., has created a formal division for lending to municipal governments and has promoted executive Debbie McLeod to lead the venture.

Municipal Employees Credit Union Of Baltimore (MECU), a $1.2-billion institution based in Baltimore, Md., said its members received a loan interest rebate last week and will receive an “extraordinary dividend” at the end of this month.

Ally Financial in Detroit has promoted David Shevsky to chief risk officer, after its previous executive in that role left for Santander Bank's holding company.

Crowdfunding platform provider Veterans Call has launched a payment application that allows users to donate to veteran charities from their mobile phones and pay through their phone bill.

Following its promise to make mobile point of sale products a key revenue-driver for the company, Verifone Payment Systems released a new mobile card reader for independent and micro merchants.

Ascend Federal Credit Union, a $1.8-billion institution based in Tullahoma, Tenn., said it has issued bonus dividends and loan interest refunds totaling more than $6 million.

Developing banking solutions for lower-income consumers means getting to the heart of the financial volatility they face trying to make ends meet.

All Eyes on the Fed; Banks Bet on Oil Rebound

News that two suspected terrorists took out a loan with a prominent marketplace lender has fueled fears online lending could be more susceptible to terrorist financing.