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PRA Group reported third-quarter revenue of $229.4 million, a 4% drop that fell far short of 9% growth expectations. The debt-buying giants net income dropped by nearly two-thirds from year-ago levels.
November 6 -
Borrowing by U.S. small businesses increased overall growth in September, according to the Thomson Reuters/PayNet Small Business Lending Index.
November 6 -
There are many potential buyers of stolen bank account data, including the banks themselves. But fraudsters are increasingly reluctant to sell their data back to its original owner.
November 6 -
The rollout of EMV is accompanied by increased card not present fraud, but banks can reduce losses using voice biometrics in the call center.
November 6
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Florida overturned a ban on credit card surcharges on the grounds that it violates merchants' free speech. Some lawyers doubt that this unusual strategy has legs, but it has worked in a surprising number of courts.
November 5 -
Zions Bancorp. in Salt Lake City has promoted two executives to leadership roles in the bank's technology division.
November 5 -
Marketplace lenders are still so new that their business model is untested and unproven, raising fears both for consumers and the industry at large, Federal Deposit Insurance Corp. officials and several bankers said Thursday.
November 5 -
EnerBank USA in Salt Lake City has chosen Charlie Knadler to succeed Louise Kelly as president and chief executive after her retirement next month.
November 5 -
National Bank Holdings in Greenwood Village, Colo., has filed an application to convert NBH Bank from a national association to a Colorado state-charted bank.
November 5 -
Fannie Mae was affected by the same derivatives accounting mismatch that led to Freddie Mac's first quarterly loss in four years. But its bulk and balance sheet provided enough cushion for the larger of the two government-sponsored enterprises to post a profit for the third quarter.
November 5



