Banking

Moven has modified its personal financial management app to work on a smartwatch. Will millennials be more likely to heed spending advice delivered to their wrists rather than their phones?

National Credit Adjusters LLC, a payday loan company recently targeted in a Pennsylvania enforcement action, agreed Monday to pay nearly $1 million in restitution to New York City residents and stop collecting debts in the city.

Small business borrowers owing money to the Boston Redevelopment Authority's small-business lending arm did not receive regular collection letters even as hundreds of thousands of dollars in taxpayer-financed loans went unpaid, an audit by a federal agency revealed.

Guaranty Bancshares in Mount Pleasant, Texas, has agreed to buy Texas Leadership Bank in Royse City.

Last year regulators tightened their grip on Wall Street, while banks were caught off guard by emerging cybersecurity and reputational risks.

Progreso Financiero, a nonbank lender that targets Latino consumers, plans to change its name to Oportun.

Many observers agree that one of the most significant rulemakings slated for this year from the Consumer Financial Protection Bureau will be on debt collection. Depending on how it structures its proposal, the plan could capture a broad range of companies that have a hand in the credit reporting system.

SunTrust Banks will provision $145 million in its fourth-quarter results for legal expenses related to previously disclosed mortgage issues, the company said in a regulatory filing Monday.

The number of mutuals is shrinking, but those committed to the charter still have options. Attorney Kip Weissman of Luse Gorman discusses the possibilities of charter conversions for those looking to throw in the towel and potential regulatory moves that could help the ailing charter class.

Credit Karma, a credit management website, last week started offering on-demand access to credit reports from Equifax. It's the second credit report Credit Karma users can view as much as they like.

A unit of Provident Financial Services in Jersey City, N.J., has agreed to buy an investment adviser.

MB Bancorp in Forest Hill, Md., has completed its mutual-to-stock conversion.

Triumph Bancorp in Dallas has completed the redemption of preferred stock tied to Troubled Asset Relief Program debt.

Dennis Boyle has resigned as treasurer and chief financial officer of Malvern Bancorp in Paoli, Pa.

An expected ballot measure, which is backed by a prominent Democrat and Republican, would serve as a referendum on South Dakota's decades-old decision to deregulate interest rates.

Behind the scenes at SafeAmerica Credit Union's core conversion, a tech executive finds the project consumes more of his time than he ever thought it would, with tasks like testing, data cleansing and data integration requiring attention.

The CFPB’s rapid pace is likely to continue this year as it tackles some of its trickiest areas yet, including payday loans, debt collection and overdraft protection, which are likely to have a significant impact on the financial services arena.

The Bancorp in Wilmington, Del., has sold nearly $267 million of commercial loans to an investor group.

It hasn't been easy for banks to get out of loss-sharing agreements with the FDIC, but Bank of the Ozarks recently secured the most significant early-termination deal yet. It could be a sign that banks and the regulator are getting on the same page.

Vogogo, a payments company that enables users to convert cryptocurrencies into government-backed currencies, has acquired Vanado Inc., a consulting and payment services company based in Denver.