The Latest

The federal government has taken the unusual step of suing a dead bank president's estate for repayment of bailout funds the bank received during the financial crisis.

The operators of a fraudulent collection scheme are banned from debt collections in a settlement of Federal Trade Commission charges that they bilked millions of dollars from Spanish-speaking consumers.

MasterCard's decision to do a 500-person trial of facial recognition for payment authentication next month may seem like a bold move in security, but it's really taking aim at friction and CUs are watching the experiment.

In nearly two decades of payday lending, Charlie Hallinan stayed one step ahead of state laws while amassing a fortune — one high-interest loan at a time.

The Senate Banking Committee Chairman Richard Shelby, R-Ala., convened a hearing where he and others criticized the Financial Stability Board for its lack of accountability and influence on U.S. regulators.

Democratic presidential candidate Martin O'Malley is calling for breaking up the biggest U.S. banks, revamping the Federal Reserve and pursuing criminal cases against financial institutions that have broken the law.

MY CU Services is set to take ownership of the PCSi division of Palmetto Cooperative after the parties entered into a strategic alliance.

Requiring brokers to come clean with customers about conflicts of interest sounds like an easy way to address biases. But disclosures are only effective if recipients understand how the conflict has influenced the advisor and have a way to correct that influence.

A Liverpool, N.Y. collection agency that allegedly engaged in threatening and abusive practices must close permanently and pay back $400,000 to debtors, according to a court order.

American Express Co. unveiled an online checkout system today that lets customers use their account passwords to order clothes, flowers and concert tickets from a roster of retailers.