Banking

An FTC report outlines changes companies need to make to protect consumers from mobile cramming scams.

The FDIC tries to take itself off the front lines of the battle over Operation Choke Point by formally withdrawing a list of high-risk merchants.

Bank of Hawaii in Honolulu reported that second-quarter profit rose on growth in commercial and consumer loans, and from higher returns on securities investments.

Bridge Bancorp in Bridgehampton, N.Y., reported higher quarterly earnings following the acquisition of FNBNY Bancorp earlier this year.

Opus Bank's expansion into new areas of lending helped pushed its loans up 44% in the second quarter from a year earlier.

Apple Inc. has reinstated the Blockchain bitcoin wallet application to its App Store almost six months after booting the popular program.

U.S. Bancorp automated teller machines are now accepting donations to help the American Red Cross with its disaster relief efforts in Washington and Oregon.

They haven't caught much media attention lately, but distributed denial of service attacks continue to take place and have become larger, researchers analyzing the latest attack patterns say.

As lenders make riskier loans, they're banking on improvements in their ability to track delinquent borrowers' cars to keep losses to a minimum.

Capitol Federal Financial in Topeka, Kan., reported a higher quarterly profit as costs for Federal Home Loan Bank borrowings and compensation declined.

WASHINGTON — The Federal Deposit Insurance Corp. said Monday that it has withdrawn a list of merchant categories, including payday lenders, debt consolidation firms, pornography businesses and others, that it said warranted heightened attention by banks processing their transactions.

Independent Bank Corp. in Ionia, Mich., reported lower second quarter earnings as income related to mortgages fell dramatically.

Old National Bancorp in Evansville, Ind., has agreed to acquire Founders Financial in Grand Rapids, Mich., for $88.2 million in cash and stock.

Zions Bancorp. in Salt Lake City is planning to raise $525 million in fresh capital to satisfy regulators' concerns about its ability to withstand a severe economic downturn.

Ohio Attorney General Mike DeWine countered criticism of alleged favoritism in the state's debt collection program by announcing his office had a record year in collecting money owed to the state.

The solar industry is still developing, but Mercatus CEO Haresh Patel has suggestions for banks that want to get in on it now.

Under CEO Betsy Cohen, The Bancorp is plugging alternative financial services upstarts into the banking system. But a regulatory hiccup could hinder growth.

Covenant-Lite was a hot trend in 2007. It turns out that was just the beginning.