Banking

Regulators have ordered Community 1st Bank Las Vegas in New Mexico to appoint a new chief executive and clean up its loan portfolio.

Half of all frequent credit card users are unbothered, or feel relieved, when a legitimate transaction is blocked, a new study found. The results show that cardholders are appreciative that banks are becoming more vigilant about fraud.

Lengthening loan terms are cause for concern because they open lenders up to potentially larger losses if loans sour. But low delinquency rates on car loans suggest that such fears may be exaggerated.

Online electronics retailer Newegg has begun accepting Bitcoin in response to demand from its customer base.

A U.S. district court has halted a Georgia-based operation from using threats and lies to collect $3.5 million in phantom payday loan "debts" that consumers didn’t owe.

Half of all frequent credit card users are unbothered, or feel relieved, when a legitimate transaction is blocked, a new study found. The results show that cardholders are appreciative that banks are becoming more vigilant about fraud.

John McNamara, chief marketing officer at LiveVox Inc. and a former chairman and speaker for key Collections & Credit Risk conferences, will be leaving LiveVox to take a role with the Consumer Financial Protection Bureau.

Royal Bank of Scotland and NatWest have announced plans to invest more than £1 billion (about $1.7 billion U.S. dollars) in small business and personal banking technology in the next three years.

Dollar collections dropped and the amount of credit extended also slipped. Accounts placed for collection fell as well, a sign more creditors are falling too far behind to ignore, sparking more collection activity.

A payment and currency exchange system called the Ripple protocol makes dollars, yen, euros, Bitcoins, gold and even frequent flyer miles virtually interchangeable.

Vining Sparks has snagged a banking analyst with hands-on bank management experience.

First Niagara Financial (FNFG) in Buffalo, N.Y., has recruited a former executive at JPMorgan Chase (JPM) to join its board.

Associated Banc-Corp (ASBC) has acquired $100 million in credit card receivables tied to the Green Bay, Wis., company's customers.

The U.S. Supreme Court declined Monday to hear an appeal from Equifax Inc. involving what it considered an adverse tax ruling in Mississippi.

In order to ensure that small businesses owned by people of color can grow and prosper, new SBA head Maria Contreras-Sweet should prioritize helping those businesses access capital and get a fair shot at corporate contracts.

Ottawa Savings Bancorp (OTTW) in Ottawa, Ill., has agreed to buy Twin Oaks Savings Bank in Marseilles, Ill.

HomeStreet (HMST) in Seattle has sold servicing rights to about $3 billion in single-family mortgages to SunTrust Banks (STI) in Atlanta.

MasterCard Inc. is seeking a patent on a payment exchange that includes Bitcoin and other non-traditional modes of payment.

A nonbank mortgage servicer that took on more loans than it could handle ended up delaying payments to Fannie Mae and Freddie Mac, according to a government watchdog report.

D.L. Evans Bancorp in Burley, Idaho, was the successful bidder for Idaho Banking in Boise following a bankruptcy auction.