Banking

More than 1,000 North Carolina residents have reported receiving collection calls from an electronic message system that claims to be from the Internal Revenue Service.

Nike Inc. was accused by a MasterCard Inc. unit of conspiring to steal scarce technology talent by encouraging two top cyber-security managers to break their contracts with the credit card company as worries of hacking and breaches of customer privacy deepen.

Revolving consumer credit, which is mostly made up of credit card loans, fell in November by the largest amount in a year, according to a report Thursday from the Federal Reserve Board.

The company said in a press release Thursday that it redeemed preferred shares worth $76.46 million that were issued under the program to the Treasury Department.

The Man Group, an international hedge funder provider that manages approximately $72.3 billion, has contracted with Thomson Reuters to use its Accelus Org ID "Know Your Customer" platform.

Gov. Scott Walker of Wisconsin addressed speculation about a possible presidential bid during a speech to the Wisconsin Bankers Association.

Revolving consumer credit in the U.S. fell in November by the largest amount in a year, according to a report Thursday from the Federal Reserve Board.

Housing and Urban Development Secretary Julian Castro moved swiftly on Thursday to defend pending cuts to the Federal Housing Administration's premiums, rebutting GOP arguments they are premature.

Lenda, a new mortgage company backed by Silicon Valley investors, wants to supplant the traditional loan officer with consumer self-service technology.

With the availability of artificial intelligence and sophisticated risk algorithms that can run on mobile devices, some say there’s no longer a need for even stripped-down versions of the branch.

Allan Landon, the White House's pick to fill a vacancy on the Federal Reserve Board, likely faces some challenges ahead during the nomination process, including skepticism over whether he's really a community banker and about a particular transaction a decade ago.

Potential buyers have long been wary of high premiums and the potential for volatility in the energy sector. A harsh correction in oil prices and Texas bank pricing has suddenly given those banks a chance to revisit their views.

Home values have risen fastest in markets where institutional buyers bought up scores of foreclosed homes and then rented them out. But these investor have largely curtailed their buying, and may even be ready to start selling off more properties to profit from the run-up in home prices. That could be good news for first-time buyers.

Charlotte, N.C.-area hospitals have started offering multiyear interest-free payment plans to help reduce the number of outstanding bills as consumers pay more out-of-pocket medical costs.

Guaranty Bancshares in Mount Pleasant, Texas, has agreed to buy DCB Financial in Dallas.

Financial institutions need to have good digital offerings, but they also need to find ways to stand out from the crowd. That's why branches will remain a crucial home base.

Security First Bank in Fresno, Calif., has a new president.

A phony debt collection scam in Colorado has state regulators warning residents to be aware of callers pretending to be law enforcement or government agency officials.

Mortgage denials in 2013 were comparable to those recorded a decade ago, analyses of HMDA data show, challenging perceptions about how easy lending really was during the era of "pulse" loans and "fog-a-mirror finance."

The sharp nationwide drop in gas prices is allowing more U.S. consumers to stay current on their debts, according to a new report from the American Bankers Association.