Banking

Six years after an investigation revealed EDebitPay LLC, Dale P. Cleveland and William R. Wilson and three now-defunct companies debited consumers' bank accounts without consent, checks totaling $3.7 million are finally on their way to the consumers.

Doral, under pressure from the FDIC to boost capital or sell assets, is demanding a refund from the territory tied to certain receivables. The capital issue prompted to downgrades from several ratings agencies.

Huntington Bancshares (HBAN) in Columbus, Ohio, has snagged an executive from an in-state rival to manage an important investment business.

Bank boards are busier than ever, but that's no excuse for putting succession planning on the back burner, say consultants Peter Thies and Ollie Sommer.

Following two years in which its big- bank peers paid almost $2 billion to resolve fraud accusations by the Federal Housing Administration, Wells Fargo & Co. has decided it isn't giving up so easily.

Rep. Matt Cartwright (D-Pa.) introduced legislation to amend the Fair Debt Collection Practices Act, a response to a U.S. Supreme Court ruling last year.

BitPay, an Atlanta-based company that processes payments in the digital currency bitcoin, said it secured $30 million in venture capital funding.

Five Star Credit Union in Dothan, Ala., has received approval from the Alabama Credit Union Administration to buy Flint River National Bank in Camilla, Ga.

SVB Financial (SIVB) in Santa Clara, Calif., has filed to sell nearly 4.5 million shares of common stock.

Central Pacific Financial (CPF) in Honolulu is moving several top executives into new posts.

First Bankcard, a division of First National Bank of Omaha, is partnering with the deals delivery company Swagbucks to implement a rewards program for its credit and secured credit card programs.

Connecticut's top banking regulator on Monday warned investors about the dangers of Bitcoin.

Connecticut's top banking regulator on Monday warned investors about the dangers of bitcoin.

Freddie Mac, which along with Fannie Mae has forced home lenders to buy back tens of billions of dollars of flawed mortgages, said the companies are loosening rules that made banks more cautious about extending credit.

Chief financial officers are feeling more upbeat about the direction of the U.S. economy, according to a new survey released by TD Bank.

The Federal Agricultural Mortgage Corp. (AGM) reported a decline in first-quarter profits driven largely by the early refinancing of agricultural securities.

Between Operation Choke Point and anti-laundering regulations, financial institutions are going to new lengths to avoid anything even remotely associated with illegality — raising questions of fairness, slippery slopes and self-preservation.

Lenders and loan officers are increasingly using social media to scout for customers, raising a host of compliance concerns, from preventing unauthorized use of brands to monitoring employee communications.

FIS has launched a cloud-based, instant issuance system for EMV-chip cards.

Vantiv Inc., a provider of payment-processing services to retailers and financial institutions, is near a deal to acquire Mercury Payment Systems Inc. for about $1.65 billion, people with knowledge of the matter said.