The Latest

A $12.4 million settlement aimed at providing debt forgiveness and cash payments to former Daymar College students ended a legal battle between Kentucky Attorney General Jack Conway’s office and the school.

IF Bancorp in Watseka, Ill., has named Linda Hamilton chief operating officer.

State Bank Financial in Atlanta has reduced its workforce by consolidating several company departments, as it pivots away from failed-bank loss-share agreements and looks to acquire healthy banks.

The Federal Reserve has named Todd Aadland—who had been a senior vice president at the Federal Reserve Bank Of Chicago—as its new payments security strategy leader. Aadland will also chair the Secure Payments Task Force.

Glen Burnie Bancorp in Maryland is looking for its next chief executive.

Loss prevention firm Global Risk Technologies and Quatrro Processing have entered a strategic partnership to take advantage of the growing demand for fraud technology following major data breaches.

As part of American Banker's series on the C-Suite, chief information officers, chief technology officers and others serving in similar roles at banks shared their insights into how the industry is being affected by technology, where they wish they could spend more time and what it takes to be a driving force in their institutions.

The push to raise the statutory limit on credit union member business lending got a boost Thursday when three U.S. Senators introduced a bill that would allow NCUA to raise a credit union’s MBL cap to 27.5% of assets, from the current limit of 12.25%, provided the CU met certain requirements.

The banking industry needs to pay attention to innovation in the payments sector, said Gregory Baer, the incoming president of The Clearing House Association.

Evans Bancorp in Hamburg, N.Y., has agreed to pay $825,000 to settle a lawsuit that accused the company of mortgage redlining.