Banking

The Third Circuit Court of Appeals issued an opinion in October that could drastically expand the already swollen ranks of consumer claimants under the Telephone Consumer Protection Act. It could also make it much more difficult for businesses to successfully defend against such claims in the early stages of litigation.

Sunstate Bank in Miami has been released from an enforcement action that had required it to strengthen its anti-money-laundering controls.

Estimates of nonbank mortgage providers that will close or change hands should worry consumers and policymakers about access to credit.

DBA International has announced its Receivables Management Certification Program (CMCP) continues to be adopted within the industry with nearly 100 member companies and 200 individuals receiving certification.

The blockchain startup Digital Asset Holdings has added Sallie Krawcheck to its board.

The blockchain startup Digital Asset Holdings has added Sallie Krawcheck to its board.

Establishing an active dialogue with major shareholders can help banks get ahead of activist campaigns, according to Josh Hinkel, a partner with Bain & Co.

CIT Group, the commercial lender run by John Thain, found a material weakness in the accounting of a mortgage business, causing the company to delay the filing of its annual report to the Securities and Exchange Commission.

Debt collection, identity theft and imposter scams were the most common categories of consumer complaints received by the FTC in 2015. Collection complaints took the top spot.

Barclays identified potential money laundering linked to currency transactions at its business in South Africa, where the British lender plans to wind down its investment.

Summit Financial Group in Moorefield, W.Va., has agreed to buy Highland County Bankshares in Monterey, Va., for $21.8 million in cash. The deal is expected to close early in the third quarter.

Focusing on customer experience and building the best products will mean nothing to your company's bottom line if your bank fails to cultivate a positive culture.

A Malvern Bancorp director has resigned following a disagreement over one of the Paoli, Pa., company's clients.

Univest Corp. of Pennsylvania was negotiating to buy Fox Chase Bancorp when its stock plummeted in August. The decline prompted Fox Chase to seek other offers, while forcing Univest to adjust its proposal to prop up the deal value.

JPMorgan Chase will renew its commitment to support the Institute for Veterans and Military Families, an interdisciplinary national institute focused on the issues affecting military members after they leave the service that the bank co-founded with Syracuse University.

Santander Consumer USA Holdings delayed the filing of its annual report Monday amid discussions with the Securities and Exchange Commission regarding unresolved accounting issues.

Pairing up with corner stores, street teams and college students: all the ways fintech startups and tech savvy banks are trying to use the physical world to attract people to their digital products.

Armada, a technology consulting firm in Tulsa, has hired as its president Frank McKeon, a former IBM executive who consulted with banks.

First Federal Bank of Kansas City has agreed to a $2.8 million settlement with the Department of Housing and Urban Development to resolve allegations of redlining in African-American neighborhoods.