Banking

A new trade group is making an effort to educate veterans about the lesser-known, low-down-payment, government-backed loan program, while the Department of Veterans Affairs works to clarify rules and recruit appraisers.

The Consumer Financial Protection Bureau Wednesday said it will take a harder look into mobile financial services to see the potential for consumer harm and determine the impact on the underbanked.

Struggling North Milwaukee Bancshares is asking its home city for a cash infusion, but the city has so far been reluctant to make a commitment.

Metro Bancorp (METR) in Harrisburg, Pa., is facing pressure from an investor to sell itself.

Share of The Bancorp (TBBK) plummeted a day after the Wilmington, Del., company disclosed that it had been hit with a consent order tied to the Bank Secrecy Act.

Some regional and large community banks are retaining more mortgages for investment because better-than-average deposit growth has given them extra cash they need to deploy. However, they are selective about which mortgages they keep.

A number of banks are looking at checking accounts without overdraft fees or check writing as a way to reach new customers and deepen relationships.

A payment processing company has settled charges that it helped facilitate a credit card interest rate reduction scam that bilked tens of thousands of consumers out of nearly $10 million.

FFIEC guidelines issued late last year are slowing technology buying decisions, increasing costs and in some cases, forcing banks to think twice about outsourcing certain IT functions.

Monitise (MONI) has launched Monitise Create, the company's mobile innovation, design and development services arm, in North America.

A former U.S. Bank employee, believed to be the man suspected of taking bribes from a Florida-based debt buyer, is currently awaiting sentencing for taking kickbacks in another case.

American International Group Inc. (AIG) promoted Peter Hancock to chief executive officer as the company focuses on growth after his predecessor stabilized the insurer and paid back a 2008 government bailout.

Financial services technologists discussed the innovations and trends transforming the industry at last week's Digital Banking Summit in Los Angeles. Here are eight tweets that capture the key themes from the three-day fintech confab.

Many of the complex and costly regulations implemented under the Dodd-Frank Act are unnecessary and burdensome for community banks. A two-tiered regulation system is the clear solution.

By the end of 2015, 70% of U.S. credit cards and 41% of U.S. debit cards will be EMV enabled, and chip-and-signature will be preferred by issuers out of the gate, according to a recent survey.

First Republic Bank (FRC) in San Francisco expects to raise up to $400 million through a debt offering.

ACA International responded to criticism of a proposal that would allow private collection agencies to recover unpaid taxes owed to the Internal Revenue Service.

Expresscoin is launching a digital currency purchasing platform that the company says will offer the "personal customer service" that has been missing from the Bitcoin environment.

The North Carolina company will pay more than $637 million for First Citizens Bancorp., a South Carolina bank. Both companies are majority owned by the Holding family.

P.F. Chang's China Bistro, a chain of Asian-themed restaurants, said it's investigating whether it was the target of a data breach following a report that stolen customer data had appeared online.