Banking

Entegra Financial in Franklin, N.C., has adopted a plan to preserve the value of about $12.2 million deferred tax assets.

The economy grew at a slower pace in the third quarter but consumer spending levels remain solid, according to the Federal Reserve Bank of New York’s latest Economy in a Snapshot report.

A man accused of operating a bitcoin exchange allegedly owned by the mastermind of a criminal enterprise that hacked at least nine big financial institutions and publishing firms, including JPMorgan Chase, pleaded not guilty to money laundering.

Trustmark in Jackson, Miss., has named Granville Tate Jr. its top legal eagle.

A man accused of operating a bitcoin exchange allegedly owned by the mastermind of a criminal enterprise that hacked at least nine big financial institutions and publishing firms, including JPMorgan Chase, pleaded not guilty to money laundering.

The American Action Network's provocative television commercial introduced millions of Americans to one of the most powerful and unaccountable government agencies in Washington.

The Consumer Financial Protection Bureau's consumer complaint database is riddled with errors and distrusted by some of its own employees, according to internal documents and interviews with current and former agency officials.

Private-equity investors in Opus Bank in Irvine, Calif., are cashing in some of their chips.

Before answering a single question about bitcoin or blockchain technology, Align Commerce CEO Marwan Forzley began slamming the mainstream process of moving funds across borders.

The White House threatened to veto two bills on Tuesday – one that would mandate new cost-benefit requirements on the Federal Reserve and the other to allow loans held in portfolio to qualify as a “qualified mortgage.”

Wells Fargo has promoted Tim Sloan to president and chief operating officer, a move that likely puts him on a short list of candidates to succeed John Stumpf as chief executive.

A joint venture formed by a regional credit union trade group and a loan servicer has a simple mission: to help small credit unions that lack expertise in SBA lending jump into the booming 7(a) market.

Farmers Capital Bank in Frankfort, Ky., has hired a business lawyer as chief operating officer.

In one instance, a single complaint in the Consumer Financial Protection Bureau's database was counted as 35 different ones while in another, a complaint against a payday lender was filed against an unrelated bank. Current and former officials say that's par for the course, leading to inflated complaint numbers and inaccurate data.

Regions Financial in Birmingham, Ala., has hired FBI veteran John Boles to oversee its investigations of cybersecurity and international threats.

The Cybersecurity Information Sharing Act, which has advanced far on Capitol Hill, promises to help businesses and government thwart cybercriminal attacks. But privacy advocates say the bill would make misuse of consumer data even easier.

There was mixed news released Tuesday concerning homeowners facing financial difficulties.

New Jersey lawmakers are considering a bill requiring debt collectors to temporarily stop collection activity for victims of identity theft if they receive a written notice from the consumer.

Springleaf Holdings has changed its name to OneMain Holdings after buying its top competitor from Citigroup for $4.49 billion.

Quality control should come early in the production line, just as Japanese automakers discovered when they began to gain market share.