Banking

PRA Group, an accounts receivable management firm formerly known as Portfolio Recovery Associates, reported second quarter financial results.

NXT-ID is working with Joey Fatone, former member of the boy band N*Sync, to kick off a series of celebrity endorsements for its biometric Wocket wallet.

Banks and other lenders appear to be waiting on a regulatory signal from the Federal Housing Finance Agency before approving loans for borrowers with less than stellar credit profiles.

Columbia Ultimate, an expert in technology and integrated solutions for the collection industry, has announced the addition of a Consumer Financial Protection Bureau session to its upcoming 2014 Art of Success conference.

Though some borrowers will suffer from payment shock when home equity lines reach their end-of-draw-period after 10 years, the risks are isolated. Fewer than 20% of home equity lines have an elevated risk of default in the next few years, TransUnion found.

Carolina Financial in Charleston, S.C., has agreed to acquire 13 branches in the Carolinas and additional assets from First Community Bancshares in Bluefield, Va.

Officials at PayPal said they were pleasantly surprised by the free plug that the electronic payment service got on a recent episode of "The Leftovers," a new HBO hit series.

As warehouse providers try to build market share with new types of credit lines, allowing mortgage bankers to fund non-QM loans is the logical next step to staying competitive.

Metrobank Card Corp. in the Philippines has signed an agreement to license the latest version of Total System Services' (TSYS) payment processing platform.

Northrim BanCorp in Anchorage, Alaska, has agreed to buy Residential Mortgage Holding Co.

Hal Brown and Roger Busse discuss how a thorough succession plan can reassure your regulators, why medical lending has been so hot recently and how to stand out among larger competitors.

BitPay's recent decision to eliminate its fees for small merchants sacrifices some of the company's revenue to boost the larger Bitcoin economy.

The private-equity firms Warburg Pincus and Thomas H. Lee Partners are selling roughly a third of their combined stake in Umpqua Holdings of Portland, Ore.

The $5.6 billion-asset Talmer Bancorp said in a press release Wednesday that it will pay $13.4 million in cash for First of Huron, the parent of Signature Bank.

Bank of America Corp. is nearing a settlement with the U.S. Justice Department in which it will pay between $16 billion and $17 billion to resolve probes into its sale of mortgage-backed bonds in the run-up to the financial crisis, a person familiar with the matter said.

FICO in San Jose, Calif., has launched a credit risk prognosis tool financial institutions can use to stress-test their consumer loan portfolios.

From the architects of multibillion-dollar mortgage settlements comes the latest scare for banks: a Department of Justice investigation of subprime auto lending. But the auto loan market has a different track record and players than mortgages, setting the stage for a unique fight among prosecutors, lenders and dealers.

BancorpSouth has withdrawn applications for two planned acquisitions after the Tupelo, Miss., company drew regulatory scrutiny for its Bank Secrecy Act compliance.

Capital One's recent hire of Google's Dan Makoski is a rare coup for a financial services company. Most financial institutions still struggle to recruit top tech talent.

Independent Bank Corp. has spent recent years looking for a way to break into Boston without overpaying. It recently found a steal in Peoples Federal, a former mutual, in a deal that boosts earnings and tangible book value.