Banking

City Holding in Charleston, W.Va., will be looking to name a new chairman, after Philip McLaughlin said he will resign at the end of the year.

Despite the House Financial Services Committee's passage of a bill to convert the Consumer Financial Protection Bureau's leadership structure from a single director to a commission, Democrats have largely opposed the bill.

Following a trail blazed by rival Social Finance, the two-year-old firm wants to expand beyond lending and offer consumers a broad array of financial products.

Lenders must learn from financial technology startups and closely monitor customer preferences to avoid the fate of other industries being squeezed by new entrants, Bank of America Chief Executive Officer Brian Moynihan said.

Recent U.S. and U.K. assessments of anti-money-laundering and efforts to combat terrorism financing show how the two countries have structured respective approaches to pinpointing key risks.

A group of attorneys general from eight states and the District of Columbia have jumped into the debate over PIN versus signature requirements for EMV cards, choosing the side of retailers.

A few months after introducing its mobile wallet in the U.S., BBVA is attempting to lure adoption through 'instant' cash-back credit card rewards for qualified transactions at checkout.

Lenders are doing a better job keeping consumers informed about the loan process, according to the latest J.D. Power mortgage survey. But the actual speed of loan closings is also a key factor to borrowers' overall satisfaction.

Bankwell Financial Group in New Canaan, Conn., said chief operating officer Gail E. D. Brathwaite will resign from the company on Dec. 11. She has agreed to continue working with the bank as a consultant through June 30.

Community banks are embracing branch innovations to deliver a more personalized experience to customers, and differentiate themselves from larger competitors.

A Pennsylvania company that enrolls more than 100,000 students at for-profit trade schools and colleges across the U.S. and Canada will pay $95.5 million to settle claims it illegally paid recruiters and exaggerated the career-placement abilities of its schools.

In a growing number of cash-strapped Southern Illinois counties, state’s attorney’s offices are securing contracts with third-party collection agencies to pursue delinquent court fines and fees – sometimes for violations that occurred decades ago.

KeyCorp and New York Community Bancorp are among a number of buyers pledging to aggressively cut costs at acquired banks. There are plenty of ways to go about it, but acquirers risk cutting too deeply in the effort to appease wary investors.

Coastal Banking in Beaufort, S.C., has redeemed stock that it originally issued as part of the Troubled Asset Relief Program, after it obtained a $10 million loan.

BNC Bancorp in High Point, N.C., has agreed to buy a local rival, High Point Bank Corp., for $141.3 million.

A federal court has granted a request by the Federal Trade Commission to shut down a tech support scam that allegedly bilked consumers out of more than $17 million by pretending to represent Microsoft, Apple and other major tech companies.

Consumer credit markets continued their strong performance in Q3 with mortgage delinquency rates holding a trend of double-digit annual declines and auto loans and credit cards showing signs of strength through stable defaults and balance growth.

The Federal Housing Administration reported better than expected financial results on Monday, with the ratio of reserves to guaranteed loans soaring past its minimum threshold to reach 2.07%.

Parkway Bancorp in Harwood Heights, Ill., no longer plans to buy Park Bancorp in Chicago.

Heartland BancCorp in Gahanna, Ohio, has raised $5.4 million in a private placement.