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Traditional banks avoid the short-term-credit market because its customers demand a level of customer service that is inconsistent with current models of retail banking, the head of a payday lending group writes.

Many bank executives share a vision of revamped branches stocked with tablets for sales and service purposes, according to a new report. But first, institutions must overcome numerous IT obstacles.

The U.S. version of an international liquidity rule may include additional factors that make it harder to accurately compare between banks or examine the same institution’s liquidity holdings over time, according to a paper issued Wednesday by the Office of Financial Research.

Boston Private Financial Holdings has appointed a Silicon Valley executive to its board.

Consumer borrowing rose in August at the slowest pace in six months, reflecting a cooling in lending for student loans and autos, but still reached a record $3.47 trillion, according to Federal Reserve figures.

MasterCard and mobile commerce provider P97 are collaborating to support a service that helps consumers find and make mobile payments at gas stations and convenience stores.

Heritage Trust opens two student-run branches and other great things credit unions are doing in their communities.

Relationship and people skills certainly remain important, but today's wealth management leaders require far more than those largely sales-oriented abilities.

WASHINGTON — It may not be an outright ban on arbitration clauses, but the Consumer Financial Protection Bureau's impending proposal to enable more class-action lawsuits comes close.

JetPay Payment Services has chosen debit technology and processing veteran Thomas Tesmer as its new chief operating officer.