The U.S. Treasury Department paid Comerica Inc. (CMA) $32.5 million to run a debit-card program for the poor and elderly that the bank had agreed to run for free, an inspector general audit found.

The Federal Reserve rejected capital plans for three foreign-owned banks, which need time and millions of dollars in investments to make the requisite tech upgrades in order to comply.

Poppi Metaxas, the former president and chief executive of Gateway Bank in Oakland, Calif., has been accused of orchestrating a fraud scheme to disguise the bank's crumbling financial condition.

The lender's new series of unscripted commercials feature members of the improv comedy troupe Upright Citizens Brigade.

Bitcoin ATM providers and virtual currency exchanges may be subject to Texas licensing requirements, according to regulatory guidelines issued by the Texas Banking Commissioner on April 3.

Iberiabank (IBKC) in Lafayette, La., is seeking federal approval to convert a Fort Lauderdale loan production office into a full-service branch.

BancorpSouth, an active M&A player in the Gulf Coast region, is losing four directors, including longtime Chairman Aubrey Patterson, while adding two others.

The largest and most powerful arm of the central bank of the U.S. has finally admitted the megabank emperors have no clothes. It is past time that we as a nation get to the bottom of this dangerous threat and fix it

BTC China and OKCoin, two of China's largest Bitcoin exchanges, suspended some money transfer services after it was reported that the central bank tightened controls on the digital currency.

Bridgehampton National Bank (BDGE) in New York has expanded its ATM network to include 20 self-service machines bearing its trademark sailboat logo.

Two West Virginia auto loan companies settled complaints over their debt collection practices.

The Federal Trade Commission renewed its call for data security legislation in testimony before the Senate Committee on Homeland Security and Governmental Affairs.

AnchorBank in Madison, Wis., has been released from two enforcement actions from the Office of the Comptroller of the Currency.

Gulf Coast Community Bank in Pensacola, Fla., has taken a significant step towards long-term recovery.

Royal Bank of Scotland says it still plans to sell part of its interest in RBS Citizens later this year. American Banker examines various outcomes for the U.S. bank, ranging from an IPO to an outright sale.

The minimal staffing and low net worth of so-called mini-correspondents — which critics say are really mortgage brokers in all but name — could be a precursor to an uptick in bad loans.

The Federal Reserve Board has terminated an April 2013 enforcement action against Freedom Bancorp in Lindstrom, Minn.

Drew Breakspear spent decades as a banker before becoming the top industry enforcer in Florida. He is empathetic to banks, realizes the growing importance of virtual currencies like Bitcoin and believes more bankers should serve on the Fed's Board of Governors.

Bitcoin startups are much more outspoken about security than traditional payments companies are, and the new Ciphrex wallet is no exception, claiming to be the first to use multi-signature transaction management.

Cardtronics has renewed its contract with Walgreens to be a preferred provider of ATM services.