Retail & Commercial

The financial industry and the Federal Reserve are finally on the same page about the U.S. payment system's need for speed. But achieving consensus about what the new system should look like remains a tall order.

Speedier transactions could make a big difference for a wide range of consumers, from hourly workers to patients waiting for medical insurance claims to clear.

It took a decade and a government mandate for the U.K. banking industry to develop a set of rails to transfer funds from one bank account to another in seconds.

An in-depth look at the key players, challenges and stakes in the effort to modernize the banking system's plumbing, from the editors of American Banker and PaymentsSource.

A quick explanation of why bank customers and regulators are demanding that the U.S. move to a real-time payments system.

The $20 billion-asset Wintrust will pay $17 million in cash for the $108 million-asset North Bank, which serves Chicago's River North and Streeterville neighborhoods.

The Consumer Financial Protection Bureau issued an enforcement action against a debt collection agency that allegedly threatened borrowers with criminal prosecution and jail time if they failed to pay extra fees for writing bounced checks.

The Consumer Financial Protection Bureau issued an enforcement action against a debt collection agency that allegedly threatened borrowers with criminal prosecution and jail time if they failed to pay extra fees for writing bounced checks.

Banc of California in Irvine has begun two securities offerings, one of which aims to raise $175 million.

Pricing in Florida might be ticking higher as the state's economy booms, but some banks are still feeling the effects of the last downturn. Those banks are perhaps perfect candidates for acquirers looking to tap into the recovery.