Banking

Consumer credit default data for August showed small increases in numerous default rates, according to the S&P/Experian Consumer Credit Default Indices released Tuesday.

A growing number of experts agree: Complaints against debt collectors are down, and debt collectors still outrank other industries in complaint resolution.

The California Department of Business Oversight, which regulates financial services and products, has promoted Debie Abella to head of bank regulation and supervision.

The Internal Revenue Service’s Automated Collection System lacks key controls for selecting which delinquent tax cases to pursue, according to a new report by the Government Accountability Office.

The banking industry has taken notice of the news that the Federal Deposit Insurance Corp. plans to change the way it assesses banks with less than $10 billion in assets for deposit insurance coverage.

Brayden McCarthy and Jared Hecht of Fundera argue that the Small Business Borrowers' Bill of Rights, a self-regulatory document written by online small-business lenders, should serve as a template for future government regulation of the sector.

Banks are starting to lay traps for cybercriminals that have broken through their defenses.

BCB Bancorp in Bayonne, N.J., has commenced a public offering of $40 million of its common stock.

Banks are closing branches and relying more heavily on technology to serve customers. Concerns that online and mobile banking don't reach all customers could leave banks open to allegations of discrimination.

Citigroup has agreed to sell its retail banking and credit card businesses in the Czech Republic to Austria's Raiffeisenbank.

PeerIQ, which provides data to firms that invest in marketplace loans, has raised $2.5 million in early-stage financing.

Katie Pemble quit on Friday, the $1.7 billion-asset company said in a press release. C1 did not give a reason for Pemble's departure and did not disclose a plan for filling her posts.

The rest of the credit card industry continues to be dogged by slow loan growth, but retail-branded cards are bouncing back, thanks largely to a big push by merchants.

Innovate Finance, a U.K.-based fintech industry body, will open a blockchain technology research lab in partnership with the government and IBM co-cofounded Hartree Center, a high performance computing and data analytics research facility.

New York's banking regulator has reached an agreement with four of the banks developing an online message service to store records for potential access by regulators and other officials.

Even if the Federal Reserve decides to begin raising rates this September, banks are unlikely to get the boost they've been hoping for. That's because pent-up customer demand for attractive yields may force banks to raise deposit rates more quickly than they have projected.

The South Carolina Department of Revenue has announced a plan to help make it easier for state agencies to collect delinquent fees and fines.

Federal regulators have cited F.N.B. Corp. in Pittsburgh for violating rules to protect consumers from unwanted, automated text messages.

Blockchain technology associated with Bitcoin has caught the eye of bankers, but now comes the hard part: figuring out where it can be used — international payments, treasury services or elsewhere — without wasting a lot of time and money in experimentation.

Federal regulators have cited F.N.B. Corp. in Pittsburgh for violating rules to protect consumers from unwanted, automated text messages.