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Protecting payment card data is a never-ending struggle, and the fraudsters are only getting more creative. So far this year several incidents and studies have demonstrated the evolving nature of cybercrime.

ASB Bancorp in Asheville, N.C., has received its second challenge in less than a month from an activist investor. The latest seeks a sale of the company.

WASHINGTON — In the wake of Benjamin Lawsky's departure as head of the New York Department of Financial Services two months ago, there were some in the banking industry that predicted the agency might back away from being the outspoken, aggressive one it had become during his tenure.

Many online small-business lenders worry that future regulations could stymie innovation in this fast-growing industry. But well-designed requirements would simply ensure that online lenders can offer adequate borrower protections without giving up market share.

The House of Representatives has already passed two strong bills (the Protecting Cyber Networks Act and the National Cybersecurity Protection Advancement Act). We are now urging the Senate to take up and pass the Cybersecurity Information Sharing Act (S. 754) as soon as possible.

The swarm of new mobile payment initiatives has left traditional bank issuers with little choice but to shoehorn modern mobile wallets into their aging infrastructure.

First Foundation in Irvine, Calif., has begun an initial public offering to raise up to $100 million.

AJS Bancorp in Midlothian, Ill., has given its chairman and chief executive the additional title of chief financial officer.

The small-business lender's shift 18 months ago to a marketplace player that sells loans to investors paid off handsomely in the second quarter.

A breakdown of M&A announcements in the financial services industry for the week ended Aug. 1.