The Latest

The Office of the Comptroller of the Currency has fined Bank of America $30 million for allegedly violating consumer protection rights of U.S. military service members while collecting debts.

Former Wells Fargo Chief Executive Richard Kovacevich on Friday said that "regulation is killing small banks."

The members of $196 million Lake State Credit Union, Moose Lake, Minn., gave a green light to merge their CU into $429 million Members Cooperative Credit Union, here.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including a call for a small-business loan brokers' code of ethics and why Congress needs to level the playing field for investors in bank obligations.

Bank of America has been ordered to pay a $30 million civil money penalty on allegations that it wrongfully used documents in litigation for debt collection and violated a law protecting members of the military and their families.

New software aims to help prevent wireless network hijacking, or "commjacking." But there are also steps financial institutions can take on their own to protect employees and customers from this seldom-discussed but ever-present threat.

A specialized Wells Fargo branch in Des Moines and the nonprofit Digital Finance Institute are part of a small but growing movement to improve access to financial services for emigres who have escaped war or persecution.

When New York-based private-equity firm Veritas Capital picked Jefferies Group this month to manage a $1.4 billion buyout loan, it passed over some much bigger Wall Street firms. Names like Morgan Stanley and Barclays and UBS.

While other banks build fancy modern skyscrapers or look to shrink the size of their branches, Dollar Bank in Pittsburgh has poured its resources into restoring a 144-year-old building downtown. The bank says the building's fame gives it a marketing edge.

American Express Co. President Ed Gilligan died Friday morning after becoming ill on a flight to New York.