Millions of Americans rely on payday loans to meet their short-term credit needs, and new research suggests that they understand the costs and terms associated with the product.

EBay's planned spinoff of PayPal, announced today, is a necessary and inevitable response to the influx of disruption coming to the payments industry from unconventional sources.

PNC Financial Services in Pittsburgh has agreed to buy Solebury Capital Group.

Citigroup CEO Michael Corbat reflected with Warburg Pincus CEO Joseph Landy and Paulson & Co. CEO John Paulson on the growth paradigm of tomorrow’s financial markets, the role of shadow banking within it and how the world for megabanks has become permanently smaller.

EBay, the world's biggest online marketplace, said it would split off its payments arm PayPal, finally bowing to pressure from activist shareholder Carl Icahn after nine months.

It's becoming easier for Americans with low credit scores to get a credit card, according to a new report. The industry contracted sharply during the recession.

Debt collectors scored a major victory when a court reversed a ruling in the case of Gulf Coast Collection Bureau Inc. v. Mais.

The Federal Reserve and the Conference of State Bank Supervisors recently held their second annual conference dedicated to community bank research. Here are some of the important studies and reform ideas discussed during the two-day event in St. Louis.

The $3.2 billion-asset HomeStreet will pay $128 million in stock for the $870 million-asset Simplicity, the companies said in a press release Monday.

ICANN, the governing body for Internet domain names, has given fTLD Registry Services the authority to operate the ".bank" domain name.

The Federal Deposit Insurance Corp. has ordered Merrick Bank in South Jordan, Utah, to pay $16.1 million to settle charges related to the marketing of a credit card add-on product.

Community banks and credit unions have filed class actions against Home Depot and Target, using untested legal arguments to claim the retailers should pay banks’ expenses tied to recent data breaches. There is very little legal precedent here, and hundreds of millions of dollars could hinge on the court rulings in these cases.

Banks have increased fees for overdrafts and out-of-network ATM transactions in the past year, according to data released Monday by Bankrate.com.

California Gov. Jerry Brown signed the Electronic Benefits Transfer Protection and Empowerment Act, AB 1614, on Sunday. The law includes a requirement that recipients of the California Work Opportunity and Responsibility to Kids welfare program must receive information that helps prevent ATM fees being charged against them when accessing their benefits.

Consumer spending recovered in August as steady income growth and employment gains led more Americans to auto dealerships and retail stores, the Commerce Department said Monday.

More banks are competing for underserved customers and working to understand millennials as a group that's full of potential, according to speakers at a recent American Banker conference.

WASHINGTON — Michigan-based Flagstar Bank will be required to pay $37.5 million in restitution and fines over regulatory allegations it blocked struggling homeowners from receiving foreclosure relief, the Consumer Financial Protection Bureau said Monday.

Bank of America has agreed to pay $7.65 million to settle charges that it overstated its capital levels because of incorrect accounting from its 2009 acquisition of Merrill Lynch.

Circle Internet Financial, a Bitcoin startup, has launched its Web-based consumer wallet product out of beta for general availability globally.

The U.S. Department of Defense has issued a proposal that would expand the types of credit products that are covered by the 36% rate cap and other military-specific protections under the Military Lending Act.