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Mobile and e-commerce payments provider Loviit has expanded to the United Kingdom, where it hopes to reach merchants with global ambitions.

Following the Federal Reserve Board's approval of enhancements to its automated clearing house service that will require financial institutions to process same-day payments, credit union trades expressed concern about the potential impact on small CUs.

The U.S. made a big jump toward "faster payments," as the Federal Reserve Board approved enhancements to its automated clearing house service that will require its banks to process same-day transactions.

GOP presidential contender Jeb Bush unveiled a plan to reform the regulatory process, including at agencies like the Consumer Financial Protection Bureau.

The Consumer Financial Protection Bureau has released its latest monthly consumer complaints snapshot, which highlights mortgage complaints.

While banks have significantly decreased their problem assets from their 2010 peak, sour credits remain much higher than in 2006. A number of banks have been reluctant to sell these assets because of low interest rates and a struggle to find better investments.

DD4BC, a group that threatens to knock out corporate websites unless it is paid off in bitcoins, has expanded its denial-of-service attacks on banks.

The Federal Reserve Board has approved enhancements to its automated clearing house service that will require its banks to process same-day payments.

The Senate passed a bill this week by Sen. Elizabeth Warren, D-Mass., designed to improve transparency around major corporate settlements.

Catskill Hudson Bank in Kingston, N.Y., has hired Orville Aarons as its president. Aarons, a former director at Naugatuck Valley Financial, had been working as a consultant to Catskill Hudson since April.