Banking

The global loan platforms present an extreme example of the ongoing clash between the fast-moving financial technology sphere and the staid world of financial regulation.

As mobile wallets and other high-tech payment mechanisms proliferate, they bring with them more options for security. Companies are increasingly looking for ways to use devices' built-in cameras to urge consumers to take self-portraits for authentication.

First Business Financial Services in Madison, Wis., has named Michael Murphy its chief accounting officer.

A Jackson, Miss. city council member has floated a plan to have local police collect millions of dollars in overdue water bills.

Simmons First National in Pine Bluff, Ark., had a convenient "in" as it was looking to buy wealth management firm Ozark Trust and Investment Corp. in Springfield, Mo.

Prepaid cards appeal to a growing percentage of the population like millennials and other 21st century consumers who want to manage their money without being tied down to bank locations.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.

MW Bancorp in Cincinnati is looking for a new chief financial officer.

Three investment banking giants are reportedly planning to jointly build a data management company.

WASHINGTON — Two California companies allegedly sold pension advance loans that they claimed were not credit products but in fact charged usurious interest rates, according to a lawsuit brought Thursday by the Consumer Financial Protection Bureau and New York regulators.

Roughly 20 banks still have capital from the crisis-era program. Most are way behind on dividend payments and have limited options to raise capital to repay the Treasury Department.

DotLoop, the tech startup Zillow just bought, takes the headaches and duplication out of managing real estate documents — up until the hardest part of the transaction, the mortgage. Expanding into mortgages is possible, but would be tricky.

Tech investors love fast-growing marketplace lenders like Social Finance, but Wall Street has taken a dimmer view of them. A huge equity fundraising round should allow SoFi to keep fueling rapid growth while remaining privately owned.

First Federal Savings and Loan Association of Lakewood in Ohio has agreed to acquire Belpre Savings Bank in Belbre, Ohio.

Blue Valley Ban Corp. in Overland Park, Kan., has named an executive from a large investor in the company to its board.

It's not glamorous, but a tool that measures the bank's energy use has helped it reduce consumption by 17% over the past five years.

Poorly paid tellers get a boost from Amalgamated Bank; Nasdaq might be getting a female CEO; parent-friendly business trips as a new PE recruitment tool, and Fidelity's Kathleen Murphy on the benefits of mentoring. Plus, motorcycles, sushi chefs and Stephen Colbert.

The CFPB and the New York Department of Financial Services filed a lawsuit in federal court against two companies, Pension Funding LLC and Pension Income LLC, and three of the companies’ individual managers for allegedly deceiving consumers about the costs and risks of their pension advance loans.

JPMorgan Chase has named retired Army Gen. Raymond Odierno senior adviser to the company on international relations, cybersecurity, leadership development and other issues.

Eighteen marketers that allegedly cheated U.S. and Canadian consumers out of more than $7 million are banned from selling business or work-at-home opportunities under court orders obtained by the Federal Trade Commission.