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UMB Financial in Kansas City, Mo., reported lower third-quarter profit, due to weaker revenue from its Scout Funds arm and merger costs.

Barclays Chooses CEO; Ex-Im Bank Gets House Approval

A collection agency allegedly fraudulently collected more than $31 million from thousands of people across the U.S., a sum that could make it the largest collection scheme ever prosecuted.

Sure, the U.S. government recently handed down strong new rules designed to protect consumers from unwanted robo-calls. But maybe some robo-calls aren't so bad. Like debt-collection calls in cases where the debt happens to be backed by Uncle Sam.

The founder of an IPO services company that was sold this month to Nasdaq has lined up several investors for his new company, which will invest in bitcoin and blockchain developers.

U.S. merchants, card issuers, and payment processors are beginning to switch over to EMV. However, there are frequent reports that large numbers of U.S. merchants are not ready.

Consumers still aren't eager to make payments from their phones, despite the immense security boost mobile wallets provide through encryption, tokenization, dynamic account data and biometrics. So MasterCard is taking these technologies and hiding them in other products.

JPMorgan Chase entered the digital wallet wars in announcing Chase Pay, a product that will launch next year. Although mobile payments have been more bark than bite so far, the company says that its product plans to use loyalty programs to lure reluctant consumers.

Sure, the U.S. government recently handed down strong new rules designed to protect consumers from unwanted robo-calls. But maybe some robo-calls aren't so bad. Like debt-collection calls in cases where the debt happens to be backed by Uncle Sam.

Rep. Paul Ryan’s expected election as House Speaker this week may ultimately prove a boon for the financial services industry – especially for critics of the Dodd-Frank Act and the current mortgage finance system.