Banking

The $140 million-asset company said in a press release Thursday that Martin May would also become its president.

The price hike represents a significant shift in strategy for the company, which has frequently touted its pro-consumer bona fides.

Huntington Bancshares in Columbus, Ohio, has brought on industry veteran Tom Wirth to fill the newly created position of auto finance product and strategy director.

The CFPB took action Thursday against a nationwide credit reporting company and its owner for allegedly illegally obtaining consumer credit reports.

ChoiceOne Bank in Sparta, Mich., has appointed Bradley Henion chief lending officer.

So-called containers can lessen the IT workload and help companies bring applications into the cloud. New security and management tools, like automatic patching, are bringing containers into the mainstream.

The small bank was the only institution to bid on a contract to process cash payments to the Illinois Department of Revenue. Executives are eager to collect fees without feeling compelled to make loans or hold deposits for the controversial industry.

A bank goes pink to attract women, Blythe Masters sticks with her startup despite a big Barclays offer, Sallie Krawcheck reflects on life as an entrepreneur, Ana Botin talks strategy and Margaret Keane offers leadership advice. Plus some Barbie news.

There are still significant problems in the credit card market despite a 2009 reform law that curtailed billions of dollars in unexpected fees, the Consumer Financial Protection Bureau said in a report Thursday.

WASHINGTON — Small banks are being crushed under the weight of regulations associated with the Dodd-Frank Act, Federal Reserve Chair Janet Yellen acknowledged Thursday, but regulators are working to reduce that burden.

Fifth Third Bancorp in Cincinnati plans to record a large fourth-quarter gain after selling shares in payment processor Vantiv.

Live Oak Bancshares in Wilmington, N.C., has exited the Small Business Lending Fund.

The operators of a business directory scam allegedly sent collection warnings demanding more than $2,000 for unwanted listings and posed as a third-party collection agency.

Contrary to industry representatives' opinion, overdraft rules are necessary for a service that has become a revenue driver for banks.

The lead plaintiff in a class-action lawsuit filed against Macy’s in New York City accuses the retailer of "coercive collection practice" against minority customers.

Toronto-Dominion Bank said fiscal fourth-quarter profit rose 5.3% as higher earnings from retail banking and gains in trading revenue helped counter C$243 million ($183 million) in restructuring costs tied to job cuts.

Sunshine Bancorp in Plant City, Fla., plans to raise about $12.2 million through a private placement.

Deutsche Bank AG, Europe's largest investment bank, agreed to sell its U.S. private-client services unit to Raymond James Financial as Co-Chief Executive Officer John Cryan seeks to shrink investment-bank operations and lower costs. Terms were not disclosed.

WashingtonFirst Bankshares in Reston, Va., plans to raise up to $31.1 million by selling common stock.

Umpqua Holdings in Portland, Ore., has created a unit dedicated to disrupting the banking industry.