Banking

Nacha CEO Janet Estep discusses how her organization polices bad actors on the automated clearing house network, why it doesn't single out specific merchant categories as risky, and how nudging the industry toward "push" payments will help.

Banc of California has completed its acquisition of the Southern California branch network of Popular Community Bank.

First Niagara Financial Group raised to $1.1 billion the amount of the goodwill impairment charge it recorded in the third quarter, as the Buffalo, N.Y., company cuts the value of assets acquired since 2009.

WASHINGTON — The Consumer Financial Protection Bureau has made some key changes to its compliance guide for the three major mortgage rules that took effect earlier this year.

Harvard Illinois Bancorp in Harvard, Ill., which recently disclosed that it had been exposed to a fraud scheme involving certain investments, has hired an investment bank to help it "evaluate strategic alternatives."

MUFG Union Bank in New York has promoted Mike Feldman to head of branch and private banking.

Central Bancshares in Muscatine, Iowa, has agreed to buy Buffalo Prairie State Bank in Buffalo Prairie, Ill.

Former President Bill Clinton addressed a crowd of thousands of Southern California kids Sunday at the largest-ever gathering for financial literacy education.

Bay Commercial Bank in Walnut Creek, Calif., has stepped in to outbid a rival to buy Valley Community Bank in Pleasanton, Calif.

Prime brokerage clients (read hedge funds) are the latest kind of customer being cut loose by banks as they curtail business with parties deemed high risk. Other banks are being careful about the castoffs they recruit, and nonbank brokers are on the rise.

The National Credit Union Administration claims a Deutsche Bank unit was negligent as a trustee overseeing mortgage-backed securities and played a role in the failure of five corporate credit unions.

Regulators are expecting financial institutions to provide detailed modeling of deposits and ever-greater documentation in the next round of stress tests, bankers and consultants say.

The Treasury Department and its anti-money laundering unit find themselves on the defensive as bankers say they're cutting ties with entire business sectors as a result of blunt enforcement efforts.

WASHINGTON — The National Credit Union Administration on Monday joined a growing queue of angry investors suing Deutsche Bank National Trust Co.

U.S. Postal Service employee and customer data may have been compromised in a computer hack that lasted at least seven-and-a-half months, the agency said.

The bottom line at Solera National Bancorp in Lakewood, Colo., improved from a year earlier, though losses persisted amid management upheaval.

NCR's updating its NCR Silver point of sale system to support Bitcoin transactions as retailer acceptance of virtual currency starts to accelerate.

Fannie Mae executives are confident they can responsibly administer a new 3% down payment program to ensure it's an effective tool for increasing access to credit.

Ambitious Renasant Corp. in Mississippi is still billions of dollars away from a key regulatory threshold of $10 billion in assets, but it's getting ready now for the demands that come with growing that large. Two of its top executives explain why.

As the Consumer Financial Protection Bureau prepares to write nationwide rules for payday lending, a Colorado experiment is proving instructive.