Banking

The Consumer Financial Protection Bureau on Wednesday ordered a San Diego student debt relief company to shut its operations, cancel all contracts and cease participating in the industry.

Former Oklahoma governor and American Bankers Association chief Frank Keating has been named a director of BancFirst in Oklahoma City.

Ryan Singer, CEO of startup Blockchain Health, explains how blockchain, multisignature and device ID technologies could give consumers greater control over their personal information — in this case, medical data — in the second part of a three-part conversation.Part I: 'Everyone Is Less Secure Over Time'

Model legislation in the works would give state legislatures a template for regulating virtual currency businesses. The Treasury is lobbying against clear exemptions for firms that don't control customer funds.

Huntington Bancshares has partnered with the owner of the NBA's Detroit Pistons to provide $25 million in financial support in Flint, Mich., in response to the city's drinking water crisis.

Bankers are fighting back against a plan that would allow Fannie Mae and Freddie Mac to invest in low-income housing tax credits, arguing they are critical for meeting Community Reinvestment Act requirements.

A federal court halted a Chicago-area operation that allegedly threatened consumers to collect phony payday loan debts and provided portfolios of fake debt to other debt collectors. It's the FTC’s first case alleging that practice.

The ability to program value exchanges without risk of censorship, moderation or theft gives smart contracts a leg up in servicing users who lack a mainstream banking association.

Model legislation in the works would give state legislatures a template for regulating virtual currency businesses. The Treasury is lobbying against clear exemptions for firms that don't control customer funds.

An Iowa man, who battled the Iowa Department of Revenue for three years over taxes he argued collectors never should have demanded he pay, received a $5,000 reimbursement this week from his former employer.

In many cases, customers aren't staying with a bank's brand because they are satisfied. They are staying with the brand because it's too hard to leave.

Wells Fargo has agreed to pay the state of California $8.5 million to settle a probe into its failure to tell consumers it was recording their calls.

WASHINGTON — Congress should consider streamlining the financial regulatory structure and give the Financial Stability Oversight Council broader authority to respond to systemic risks, according to a Government Accountability Office report published this week.

Western Alliance Bancorp. in Phoenix has agreed to buy GE Capital's hotel franchise finance loan portfolio.

ESSA Bancorp in Stroudsburg, Pa., has a new chairman and two new independent directors.

ConnectOne Bancorp in Englewood Cliffs, N.J., has exited the Small Business Lending Fund program.

Opus Bank in Irvine, Calif., has hired Jeffrey Zaks, a CIT Group banker, to lead its new media and entertainment lending group.

The CFPB's latest monthly report on complaints from consumers focuses on debt collection complaints.

Credit unions have a dominant auto lending presence in the West, boasting as much as a 50% market share in some areas. Credit Union Journal explores what is driving that dominance.

The Coalition for Safe Loan Alternatives intends to become a peer-to-peer forum for best practices among the alternatives to payday loans. The group will not advocate for policy changes. Rather, it aims to offer a platform for local organizations to share information and compare ways to offer low-cost access to credit.