Like the Internet of the 1980s, today's payment systems are a mishmash of disparate, closed networks that cannot communicate with one another effectively. Distributed ledger technologies can solve this problem.

Several scams - including one involving debt collecting - are circulating in Pennsylvania.

Heartland Financial USA in Dubuque, Iowa, posted higher second-quarter earnings after growing loans organically and through acquisitions.

Eagle Bancorp in Bethesda, Md., plans to raise $55 million by issuing subordinated debt.

For most of the digital currency's existence, the price of a bitcoin has swung wildly. Coinapult is looking to remove this risk with the launch of Coinapult Locks, which pins the value of a user's bitcoin balance to a stable asset.

Following a wave of enforcement actions against global and national institutions, regulators are now scrutinizing the anti-money laundering controls of community banks, says Walter Mix, a consultant and former regulator. Examiners are raising questions about banks' transaction monitoring systems, as well as the documentation supporting decisions about enhanced due diligence (such as whether to file suspicious activity reports), he says.

Complaints against collectors logged in the Consumer Financial Protection Bureau’s database rose in June but trailed April's total.

An FTC report outlines changes companies need to make to protect consumers from mobile cramming scams.

The FDIC tries to take itself off the front lines of the battle over Operation Choke Point by formally withdrawing a list of high-risk merchants.

Bank of Hawaii in Honolulu reported that second-quarter profit rose on growth in commercial and consumer loans, and from higher returns on securities investments.

Bridge Bancorp in Bridgehampton, N.Y., reported higher quarterly earnings following the acquisition of FNBNY Bancorp earlier this year.

Opus Bank's expansion into new areas of lending helped pushed its loans up 44% in the second quarter from a year earlier.

Apple Inc. has reinstated the Blockchain bitcoin wallet application to its App Store almost six months after booting the popular program.

As lenders make riskier loans, they're banking on improvements in their ability to track delinquent borrowers' cars to keep losses to a minimum.

Capitol Federal Financial in Topeka, Kan., reported a higher quarterly profit as costs for Federal Home Loan Bank borrowings and compensation declined.

WASHINGTON — The Federal Deposit Insurance Corp. said Monday that it has withdrawn a list of merchant categories, including payday lenders, debt consolidation firms, pornography businesses and others, that it said warranted heightened attention by banks processing their transactions.

Independent Bank Corp. in Ionia, Mich., reported lower second quarter earnings as income related to mortgages fell dramatically.

Old National Bancorp in Evansville, Ind., has agreed to acquire Founders Financial in Grand Rapids, Mich., for $88.2 million in cash and stock.

Zions Bancorp. in Salt Lake City is planning to raise $525 million in fresh capital to satisfy regulators' concerns about its ability to withstand a severe economic downturn.

Ohio Attorney General Mike DeWine countered criticism of alleged favoritism in the state's debt collection program by announcing his office had a record year in collecting money owed to the state.