Banking

An 11-page paper by the agency signaled its intent to take a higher-profile role in ensuring that regulators are not inappropriately hampering banks' adoption of new technologies to reach customers, while also keeping an eye out that institutions are able to handle the risks involved.

BNC Bancorp in High Point, N.C., has delayed the closing of its acquisition of Southcoast Financial in Mount Pleasant, S.C., as the Federal Reserve has not completed its review of the deal.

AmeriServ Financial in Johnstown, Pa., will record a first-quarter loss because an unnamed energy-sector client plans to liquidate under bankruptcy protection.

Despite email filters and training programs, bank customers still click on fake emails and malicious links at an alarming rate. Newer technologies and methods hold promise for getting phishing under control.

Bank of America appears to be retaining more deposits from recent branch sales, using technological advancements to keep customers despite the lack of a physical location.

Competition is spurring subprime auto lenders to stretch their underwriting guidelines for new customers, raising fears of another bust. In February, 5.16% of securitized subprime auto loans were at least 60 days past due, according to Fitch Ratings. That slightly exceeded the level of late payments at the height of the Great Recession. Here's a guide to who's doing what in the market, courtesy of our colleagues at Asset Securitization Report.

First Data paid Chief Executive Frank Bisignano $51.6 million in 2015, almost twice what his former boss, JPMorgan Chase CEO Jamie Dimon, received last year.

A white paper released Thursday said the agency might issue new guidance on fintech product development, third-party risk management and new products targeting the underbanked; streamline its licensing procedures; and appoint experts on "responsible innovation." It is still deciding whether to open an office dedicated to monitoring the fintech sector.

To help make instant payments a reality, regulators here and abroad should encourage multiple approaches, thus avoiding the temptation to mandate a single solution.

Brickell Bank in Miami has bought a trade finance portfolio from the investment brokerage firm INTL FCStone.

Blue Ridge Bankshares in Luray, Va., has agreed to buy River Bancorp in Martinsville, Va.

Regulators are right to target overdraft and other fees as obstacles to banks offering affordable checking account options, but that’s just the beginning in developing transactional products that work for consumers.

The payments pioneer is transforming its merchant cash advance into a business loan, a move that has significant legal and regulatory implications.

Peer-to-peer lending startup Ledge incorporates on millennial staples like social networking and open development to get on its feet while relying on a road paved by the financial services 'establishment' to go mainstream.

More than half of all U.S. households have suffered a "financial shock" in the past five years. Some say mobile apps could help users brace for — and recover from — such setbacks.

HarborOne Bank is proving that financial education really can improve the bottom line.

Scammers pocketed $3.8 million from troubled homeowners nationwide and did nothing to modify their loans, according to the special inspector general for the Troubled Asset Relief Program.

Franklin Financial Network in Franklin, Tenn., plans a debt issuance to pay for its recently completed exit from the Small Business Lending Fund and to fund other activities.

Enterprise Bancorp in Lowell, Mass., has purchased the site of a former hotel that recently burned to the ground and plans to put a new branch there.

The payments pioneer is transforming its merchant cash advance into a business loan, a move that has significant legal and regulatory implications.