Banking

A look at three former bankers trying their hands at fintech startups at a time when investment in the sector is flush and banks are desperate for new ideas for digital transformation.

The Consumer Financial Protection Bureau announced Tuesday that it's seeking public comment ahead of a second study on the credit card market that could pave the way for new regulations or enforcement actions.

Bryn Mawr Bank in Pennsylvania has filed documents to raise up to $200 million.

Nevada lawmakers reviewed a bill Monday to curb predatory short-term lending by better disclosing the rates and risks of payday loans.

A spike in security breaches might make such protection more appealing to customers, even though regulators are taking a closer look at banks that offer such add-on products.

For several years regional banks have been furiously trying to boost fee income by beefing up in wealth management. But the cost of acquiring talent has made it hard for them to gain traction in this all-but saturated market.

Financial Institutions Inc. in Warsaw, N.Y., has filed to sell up to $100 million in debt and equity.

West Virginia lawmakers passed a bill Saturday to make changes to the state’s Consumer Credit and Protection Act concerning collecting debts, including the codification of abusive call volume.

ALEXANDRIA, Va. — NCUA's Corporate Resolution Program continues to run in the negative range, making it unlikely that the regulator will charge future assessments to credit unions for the Stabilization Fund.

Private student loans would no longer be exempt from protections when borrowers file for bankruptcy, under a bill introduced in the U.S. Senate.

Warburg Pincus is set to sell its remaining shares of National Penn Bancshares in Allentown, Pa.

First Defiance Financial in Defiance, Ohio, has completed its exit from the Troubled Asset Relief Program after buying an outstanding warrant from the Treasury Department.

Meta Financial Group in Sioux Falls, N.D., expects to have a strong fiscal second quarter despite a small charge tied to brokered deposits.

Vikram Pandit and John Mack, the former chief executive officers of Citigroup Inc. and Morgan Stanley, are among investors who provided $130 million in capital to Dataminr, a company that analyzes Twitter posts to provide clients with news.

Kearny Financial in Fairfield, N.J., is moving ahead with its second-step conversion after getting approval from the Federal Reserve Board.

Lending groups are demanding the Consumer Financial Protection Bureau take down its mortgage rate calculator, arguing it is providing misleading information to consumers.

Nomura Holdings Inc. and Royal Bank of Scotland Group Plc helped fuel a bubble that led to the collapse of the U.S. housing market, an attorney for the Federal Housing Finance Agency said at the opening of a trial over defective mortgage-backed securities.

A former chief financial officer at Cooperative Bank in Roslindale, Mass., has filed a whistle-blower lawsuit against the mutual thrift, alleging he was fired after complaining about conflicts and mismanagement.

Westamerica Bancorp. probably expected little trouble when it asked for regulatory permission to close a small branch in northern California. Wrong! Welcome to the world of online petitions and social media.

Despite turmoil in the auto loan market - delinquencies are up, more people are losing their cars to repossession - Santander Consumer USA still had few problems finding buyers last week for a bond deal consisting of auto loans to credit-troubled borrowers.