Banking

Management training programs are slowly returning to smaller banks decades after belt-tightening led to their demise. Rigorous regulatory scrutiny, combined with a need for improved risk management and increased income, are spurring the comeback.

The Consumer Financial Protection Bureau is seeking to permanently ban a credit provider in Texas from offering any services because of allegations that it ran a "sham credit card" business.

WASHINGTON — The Consumer Financial Protection Bureau is seeking to permanently ban a credit provider in Texas from offering any services because of allegations that it ran a "sham credit card" business.

Lenders have purged bad loans and low interest rates are fueling new projects. Yet many bankers still view C&D loans as risky and are eager to stress that they will steer clear of the boom.

The Consumer Financial Protection Bureau and the U.S. Department of Education announced Tuesday more than $480 million in forgiveness for borrowers who took out Corinthian College’s high-cost private student loans.

The San Antonio financial services provider says 101,000 members have already logged into mobile banking with a spoken phrase or a selfie. It may be a sign that after 50 years, biometric authentication is finally hitting the mainstream.

Two defendants who took part in an alleged multi-million dollar telemarketing fraud targeting seniors, a scam that included withdrawing money from their accounts without authorization, agreed Tuesday to settle Federal Trade Commission charges.

Payment technology provider Adyen is establishing Bitcoin as a payment option for consumers playing online games from U.K.-based Jagex.

WASHINGTON — The acquirer of a for-profit college chain sued by the Consumer Financial Protection Bureau will forgive over $480 million in student debt under a deal announced Tuesday.

Premara Financial in Charlotte, N.C., has a new chief executive.

Four months after filing a complaint with its hearing officers, FINRA finally threw the book at a former JPMorgan registered representative who it claims issued unauthorized ATM cards as part of scheme to loot money from customer bank accounts.

Bank of America is poised to exit its student loan portfolio, as banks reduce their red-tape-heavy assets and redeploy cash to create loan growth elsewhere.

The CFPB's "Safe Student Banking" initiative is designed to pressure students' educational and financial institutions into offering young people narrow options.

U.S. small businesses took out more loans in December, according to a lending study released Tuesday.

TowneBank in Hampton Roads, Va., reported a lower quarterly profit due to higher costs tied to its recent acquisitions.

For the 5th consecutive year, American Banker and Discover are proud to sponsor the Young Women's Leadership Award, a college scholarship given to graduating high school seniors who have demonstrated leadership potential and are the first generation in their family to attend college. We're looking for women who work in banking or finance to serve on the Young Women's Leadership Award Advisory Board.

BOK Financial in Tulsa, Okla., has hired the wealth management team of Denver Retirement Partners.

Bank managers can motivate their teams to make sales without forcing them to pounce on customers the moment they walk in the door.

Alternative finance marketplace Lending Club has entered into an agreement with the U.S. branch of Alibaba to offer financing to American businesses to buy parts from Chinese manufacturers through the Alibaba marketplace.

Ally Financial, the auto lender bailed out by the U.S. government, appointed Jeffrey J. Brown as chief executive officer, succeeding Michael A. Carpenter, who's also leaving the board.