Banking

There is no reason a bank should be able to issue a loan and enjoy one set of rules while a marketplace lender, essentially issuing the same loan, must deal with a morass of conflicting state standards.

Some Democratic lawmakers want to help consumers fight back against creditors. The Consumer Reporting Fairness Act, introduced by Sen. Sherrod Brown, D-Ohio, would make it easier to fix inaccurate credit reports.

In the years ahead, look for projects that leverage the Bitcoin network to greatly expand mainstream banking infrastructure's reach into new markets — particularly those in volatile economies.

Professional race car driver Scott Tucker is working on settling a Federal Trade Commission lawsuit accusing him of involvement in a payday lending scheme.

The House Financial Services Committee is meeting Tuesday to begin voting on several bills that are part of ABA’s Agenda for America’s Hometown Banks.

Commerce Bancshares Kansas City, Mo., has found its customers want to save the planet, but don't want to put in too much effort, so the issuer partnered with Sustain:Green for cards that offset carbon emissions.

Fair-value accounting and merger costs took big bites out of Western Alliance Bancorp. in Phoenix last quarter.

Bank of Hawaii in Honolulu reported slightly lower second-quarter profits as expanded lending and mortgage banking was offset by higher payroll costs and other expenses.

Independent Bank Group in McKinney, Texas, has agreed to buy Grand Bank in Dallas for $80.1 million.

Fiserv has agreed to use Fujitsu's handprint-scanning system for fraud prevention in its account-processing product.

Bank groups hope rapid congressional action highlights the small-business lending program's political appeal, while nonbank lenders sense an opportunity.

The Consumer Financial Protection Bureau denied an auto dealer trade group's request for a document detailing limits imposed by Honda's financing arm on dealer price discretion.

Suncrest Bank in Visalia, Calif., has agreed to buy Sutter Community Bank in Yuba City, Calif., for $9.4 million in stock.

Eagle Bancorp in Bethesda, Md., has sold its indirect auto loan portfolio to MainStreet Bank in Fairfax, Va.

A new ad from the U.S. unit of Toronto-Dominion Bank that features a same-sex couple is more than a social statement, as it also says a lot about the fragmentation, context and consumer control that are part of modern TV viewing habits, according to the company's top marketing executive.

Some critics see banks' innovation labs as wasteful, unapplied research, but Wells Fargo has embraced the trend by establishing six such labs, a so-called accelerator program and now an innovation group. The bank's Steve Ellis explains its rationale.

Old National Bancorp in Evansville, Ind., reported higher second-quarter profit as a result of recent acquisitions and on better fee income.

A group of scammers who promised consumers new Medicare cards to obtain their bank account numbers and debit their accounts reached settlements with the Federal Trade Commission.

Officials in Stockton, Calif. are apologizing to thousands of city residents who were incorrectly notified that they were delinquent on their sewer bills.