Banking

Lustig, Glaser & Wilson often harassed the wrong consumers, demanded amounts that were not owed, bullied consumers into paying from exempt income, and failed to obtain legitimate documentation of those debts, state officials said.

Luring developers from Silicon Valley and cloud computing are among the bank’s strategies for staying competitive in a changing tech environment.

Through the partnership, Clarity Money customers can use Acorns’ automated investing features, while Acorns users can see a snapshot of their investing activity in the Clarity app.

The Detroit company is capitalizing on other banks' retreat from the auto sector.

The fine for BTC-e was the Treasury’s first action against a money-services business located in a foreign country, and the second against a virtual currency exchange.

Up to now, the most successful fintech firms have tried to fill gaps in underserved market, not replace banks. But a new crop of U.K. startups seeking bank charters is turning up the heat.

The company will also gain $260 million in loans and $180 million in deposits from Banner Corp.

The company has agreed to buy Puget Sound Bancorp to expand in a competitive, fast-growth market.

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Companies planning to raise money by selling electronic tokens for cryptocurrencies said they won't be put off by SEC warning of regulation; soaring costs trigger exodus from traditional coastal financial hubs.

The Riverwoods, Ill., company is trying to assure Wall Street that its higher chargeoff rates signal a return to normalcy, rather than a cause for alarm.

The Blairsville, Ga., bank is in growth mode with strong second-quarter lending performances and two deals in the works, but its provision for loan losses was described as too low in one research note.

The Texas company would add seven branches and more than $300 million of assets by acquiring Valley Bancorp.

CircleUp is offering lines of credit to early-stage consumer brands, which can often only get financing at high interest rates.

First Financial in Ohio is buying MainSource in Indiana — with a twist. MainSource's leader will become CEO.

The Consumer Financial Protection Bureau is likely to finalize its small-dollar rule by September ahead of Director Richard Cordray's widely expected departure.

The Miami Lakes company’s chargeoffs of medallion loans increased fivefold, but profits rose thanks to gains in C&I, CRE and other types of loans.

The new Explore Visa card is seen as a "bridge" to more traditional banking services, said Regions' head of retail products and payments.

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The Tulsa, Okla., company reported loan growth in all categories, including a 56% increase in personal loans.