Banking

OceanFirst Financial in Toms River, N.J., has shed some nonperforming mortgages.

PayStand, an e-commerce gateway for alternative and traditional forms of payment, is opening up its application programming interface (API) to support payments with credit cards, e-checks and Bitcoin.

New York's top banking regulator has the power to regulate online lenders owned by Native American tribes, the U.S. Court of Appeals in New York ruled Wednesday.

Bank of America has combined the roles of chairman and chief executive for the first time since the immediate aftermath of the financial crisis.

The $171 million-asset company said in a press release Wednesday that it was recently informed that certain loans used to back its investment in repurchase agreements may be fraudulent.

The $7.9 billion-asset company said in a press release Wednesday that Michael Blodnick plans to retire next year.

Radius Bancorp in Boston has filed documents for an initial public offering that will allow two of its investors to avoid being subject to portions of the Volcker Rule.

Tangerine, a direct bank based in Canada, has added biometrics to its mobile app.

Community banks, by and large, appear well-prepared for capital standards that Basel II will phase in beginning in January. Still, concerns remain on how the requirements will shape cost structures and consolidation at smaller institutions.

Large corporations, like consumers, want faster access to their money. But the legacy systems at most banks continue to make this goal difficult, if not impossible, to achieve, say thought leaders at this week's Sibos technology conference.

Kristen Albert, a supervisor at a Massachusetts collection agency, took the stand in a murder trial on Tuesday.

Capital One's new Capital One Wallet is a cardholder app for Apple's devices that uses an Android-like pattern-recognition feature for authentication.

Bank of America has launched a new offering that allows companies to make payments to their customers without checks.

A lawsuit filed Wednesday by New York Attorney General Eric T. Schneiderman's office accuses two law firms and their lead attorney of participating in a fraudulent mortgage rescue scheme.

First Farmers Financial in Converse, Ind., has agreed to buy three community banks in Illinois.

Xenith Bankshares in Richmond, Va., has brought in nearly $18 million in funding through a private placement and a new loan.

CNB in Centreville, Md., has named Edward Allen president and chief executive, following the resignation of its current CEO, F. Winfield Trice.

The CFPB's lawsuit against an Atlanta-area debt collector could open the door to litigation against banks for their role in the process of pursuing debts against consumers who do not owe anything.

Kristen Albert, a supervisor at a Massachusetts collection agency, took the stand in a murder trial on Tuesday.

Lenders desperately want to make potentially lucrative home loans to those with less-than-stellar credit, but only a few are willing to try given legal uncertainties. Here's how a few are designing their products to get a jump on the competition.