Consumer borrowing in the U.S. surged again in May as Americans took out more loans to purchase cars, Federal Reserve figures showed. Non-revolving lending, which includes auto and school loans, advanced by the most in a year.

Rep. Darrell Issa on Tuesday accused the Justice Department and FDIC of letting the anti-fraud crackdown called Operation Choke Point interfere with legitimate banking business. He also said that legal pot businesses should have access to the banking system.

With millions of malware strains targeting mobile devices today, bank CEOs and their security chiefs are understandably anxious. Here's a look at several defensive moves banks can make.

The Consumer Financial Protection Bureau is allowing lenders to skip "ability-to-repay" rule when transferring a loan to the kin of a deceased borrower or for other life events.

Peer-to-peer lender Upstart is aiming to identify young but high-quality borrowers by integrating applicants' grades, alma mater and even their SAT scores into its underwriting decisions. Banks could learn from this model, even though it may have shortcomings.

The Consumer Financial Protection Bureau on Tuesday clarified that when a borrower dies, the name of the borrower’s heir generally may be added to the mortgage without triggering its' Ability-to-Repay rule.

FICO, a predictive analytics and decision management software company, and Kaggle, a firm that runs predictive analytics competitions, announced that FICO will host Kaggle competitions in the FICO Analytic Cloud.

The arrest of a Russian man who is accused of hacking into U.S. retailers' computer systems to steal credit card data has sparked claims from Russian authorities Tuesday that the U.S. violated a bilateral treaty.

The telco-operated Isis mobile payments initiative plans to rebrand to avoid carrying the same name as a Middle Eastern militant group referred to as "ISIS" by western journalists.

Collection law firm Pressler and Pressler violated the Fair Debt Collection Practices Act by not conducting a "meaningful review" of a collection action filed against a consumer, a U.S. district judge has ruled.

Unless we return the Farm Credit System to its original mission, taxpayers could be on the hook for a bailout in the near future and farmers’ access to credit could be reduced, writes Rep. Marlin Stutzman.

Amex has rules that bar merchants from steering their customers to a particular card – perhaps by offering a discount if you use Visa – and the government alleges that these rules violate antitrust law. What’s this case all about? American Banker's editors discuss.

MVB Financial (MVBF) in Fairmont, W.Va., has raised more than $37 million by issuing subordinated debt and selling preferred stock.

Sun Bancorp (SNBC) in Mount Laurel, N.J., has provided more details on its sweeping restructuring initiative.

Overstock.com plans to offer faster payouts to vendors and larger bonuses to employees to encourage bitcoin payments.

The CFPB should prohibit financial institutions from reordering transactions to maximize overdraft fees, require that fees be proportional to a bank’s costs to provide the loan and ban providers of prepaid cards from offering overdraft loans altogether, according to Susan Weinstock of The Pew Charitable Trusts.

First Midwest Bancorp (FMBI) in Itasca, Ill., has agreed to buy Great Lakes Financial Resources (GLFL) in Chicago.

Community Bank of Bergen County (CMTB) in Maywood, N.J., has started an online mortgage center.

American Bank in Fond du Lac, Wis., has agreed to buy InvestorsBank in Waukesha, Wis. American Bank, a unit of NEB Corp., will have more than $450 million in assets when the merger is completed.

A trial that began Monday in a government lawsuit against American Express will determine whether merchants are allowed to offer incentives to consumers to use a particular credit card. The two sides completely disagree on whether Amex's rules ensure or undermine competition.