Banking

The agency recently sent a letter to nine banks urging them to stop offering deferred interest cards, arguing that consumers are often unaware of the risks involved.

MidSouth Bancorp in Louisiana, which faces a formal order from its regulators, will cut jobs, close branches and slash its dividend as it works to reduce its energy exposure.

The bank's new Connections Hub portal allows its commercial clients to find potential buyers and sellers of their products in other markets.

The selling of anonymized customer data may be legal, but it raises ethical questions about the use and protection of that information.

Beacon Community Bank aims to become the first bank to open in Charleston, S.C., in a decade.

The duties of Matt Zames, whose departure was announced Thursday, will be split up among several members of JPMorgan Chase’s operating committee.

Digital Banker of the Year finalist Alice Milligan is creating apps meant to help Americans achieve their life dreams. Goldman Sachs’ global head of human capital management Sally Boyle says the firm is focusing diversity efforts on promoting women in revenue-generating divisions.

Large banks have scaled back lending as competition has intensified and credit unions and financing arms of car manufacturers are picking up the slack.

Here are 10 banks the investment banking firm KBW says are ripe M&A targets because they are in hot markets, face various growth challenges that make them vulnerable or have private-equity owners looking to cash out.

Democrats are raising concerns about a Republican push to transfer more of the risk of flood insurance to private insurers.

Stuart Scott was apprehended at the request of the American government as part of a probe into foreign-exchange-trading practices.

The username and password are dying. Only biometrics can unify the age-old opposing forces of user experience and digital security in replacing an antiquated method.

The Palmetto State joins Alabama, Florida, Texas and other states to provide greater interstate branching access to members.

BCB Bancorp will pay $20 million for Indus American Bank, a New Jersey institution that focuses on the South Asian-American business community. Indus American lost a total of $2.5 million in 2015 and 2016.

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web: Apple's new location-sharing rules; cash for Klarna; Rebel's new role; and more.

Vault and Retiremap are launching products this week that are designed to help people stash cash where they can.

Bill would replace much of Dodd-Frank but is unlikely to become law; online retailer is expected to expand Amazon Lending program to small businesses in the U.S., U.K. and Japan.

By making it easier and safer to share data with third parties, Wells Fargo's Brett Pitts says he is strengthening the bank's relationships with customers.

The vast majority of financial services executives surveyed by Cognizant predict open systems like bitcoin will gain greater prominence over the next five years — slightly more than said the same for private blockchains.

The Louisiana company, which fired its CEO earlier this year, has been paying a hefty dividend on funds it obtained from the Treasury Department in 2011.