Chris Larsen, who made waves in consumer finance in the 1990s and 2000s with E-Loan and Prosper, is seeking to shake up the industry again with Ripple, a peer-to-peer payment and credit system.

First PacTrust Bancorp (BANC) in Irvine, Calif., raised $43.1 million from the sale of senior notes.

FirstSouth Bancorp in Lexington, Tenn., has repaid the $50 million it had received from the Treasury Department under the Troubled Asset Relief Program.

A key investor in Webster Financial is reducing its stake in the Waterbury, Conn., company.

Sotheby's is auctioning off a prototype of the magnetic credit card. It's not as impressive as you might think.

DCB Financial Corp. (DCBF) said Thursday it completed a sale of common stock to existing shareholders and local investors that netted $13.2 million in funds.

A state court yesterday approved a request from the South Carolina Revenue Department to notify credit unions and banks of the 3.3 million bank account numbers compromised when someone hacked department tax files.

The Federal Reserve Board has terminated enforcement actions against Anadarko Bank & Trust in Oklahoma and Hanmi Financial in Los Angeles.

At Citigroup, CEO Corbat offers hints of strategic change. U.S. bank gives mobile bill pay a boost. In Washington, a Republican leaves and two Democrats rise.

LOCKPORT, N.Y. – Cornerstone Community FCU announced plans to open a new branch in the Village of Lewiston, inside the former HSBC building.

TD Bank will reimburse its employees for the additional federal and state taxes that they pay for benefits for same-sex partners beginning Jan. 1.

WASHINGTON — The Consumer Financial Protection Bureau and the Department of Justice agreed Thursday to collaborate on enforcing fair lending laws to avoid duplicating efforts.

The Senate Banking Committee had tough questions for Shaun Donovan, on the heels of a disappointing report on the mortgage insurer's financial health last month.

The Senate is preparing to vote soon on a bill to keep TAG alive even as various interests, including large institutions and money-market mutual funds, fight to shut the program down.

Capitol Bancorp had to postpone a bankruptcy hearing because, it says, the Federal Deposit Insurance Corp. repeatedly blocked it from paying the due-diligence costs of its new investors.

Capital One has grown its commercial and industrial loans by double digits over the past year, but CEO Richard Fairbank is prepared to pull back if the battle for business clients becomes any more intense.

At the end of the third quarter, banks with less than $20 billion in assets had nearly $1 trillion in securities and cash on hand. The shift from loans to securities could pose problems if interest rates rise.

HSBC (HBC) may be about to pay $1.8 billion to settle charges the bank served as a gateway for money laundering.

Financial institutions should, among other things, implement an information governance program, perform periodic privacy audits and learn how data is managed in the cloud.

Two fans will be headed to the Super Bowl in New Orleans thanks to EverBank Financial, whose CEO, Robert Clements, is a Big Easy native who loves football.