Retail & Commercial

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.