The Latest

The Consumer Financial Protection Bureau has fined a medical debt collector and ordered the company to provide financial relief to consumers for mishandling credit-reporting disputes.

Ancient IT Hobbles Banks; Saving Hamilton

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.

Banks are becoming interested in behavioral biometrics, or turning a consumer's unique physical handling of a mobile device into a security profile, but the more appealing use case could be for payment acceptance.

Banks are choosing to enable payment functionality through third party “Pay” wallet offerings in most part, and not their own mobile apps. And these are the same internet and technology companies banks themselves perceive to be their biggest threats.

CUs posted incremental growth in a number of fields in April, with lending, membership and other areas seeing continued increases, according to a new CUNA Mutual report.

Kabbage, the online small business lender, has announced a partnership to make loans to customers of United Parcel Service, the global delivery firm.

FHA tries to clarify what loan defects will bring the harshest penalties to guide lenders and instill more confidence.

First Mid-Illinois Bancshares in Mattoon plans to sell about $29.3 million in common stock in a private placement.

Home Bancorp in Lafayette, La., has agreed to buy Louisiana Bancorp in Metairie for about $75 million, or $24.25 a share, in cash. The deal is expected to close in the fourth quarter.