Banking

Credit bureau Equifax Inc. is leveraging its trove of consumer data to streamline the purchasing process on the Web and mobile devices.

The largest and most powerful arm of the central bank of the U.S. has finally admitted the megabank emperors have no clothes. It is past time that we as a nation get to the bottom of this dangerous threat and fix it

Bank tech experts can be forgiven for focusing heavily on cyber-security threats these days. But to stand among the leaders in the fast-evolving world of electronic money, bankers will have to find ways to become more innovative. American Banker editors discuss.

BTC China and OKCoin, two of China's largest Bitcoin exchanges, suspended some money transfer services after it was reported that the central bank tightened controls on the digital currency.

Bridgehampton National Bank (BDGE) in New York has expanded its ATM network to include 20 self-service machines bearing its trademark sailboat logo.

Two West Virginia auto loan companies settled complaints over their debt collection practices.

The Federal Trade Commission renewed its call for data security legislation in testimony before the Senate Committee on Homeland Security and Governmental Affairs.

AnchorBank in Madison, Wis., has been released from two enforcement actions from the Office of the Comptroller of the Currency.

Ellie Mae, the mortgage technology vendor, confirmed late Tuesday that its recent outages, which have forced lenders to delay loan closings, resulted from a flood of service requests "characteristic of a distributed denial of service" attack.

Gulf Coast Community Bank in Pensacola, Fla., has taken a significant step towards long-term recovery.

Royal Bank of Scotland says it still plans to sell part of its interest in RBS Citizens later this year. American Banker examines various outcomes for the U.S. bank, ranging from an IPO to an outright sale.

The minimal staffing and low net worth of so-called mini-correspondents — which critics say are really mortgage brokers in all but name — could be a precursor to an uptick in bad loans.

The Federal Reserve Board has terminated an April 2013 enforcement action against Freedom Bancorp in Lindstrom, Minn.

Drew Breakspear spent decades as a banker before becoming the top industry enforcer in Florida. He is empathetic to banks, realizes the growing importance of virtual currencies like Bitcoin and believes more bankers should serve on the Fed's Board of Governors.

Bitcoin startups are much more outspoken about security than traditional payments companies are, and the new Ciphrex wallet is no exception, claiming to be the first to use multi-signature transaction management.

Cardtronics has renewed its contract with Walgreens to be a preferred provider of ATM services.

Consumers who have used mobile remote deposit capture highly value it, but financial institutions need to do a better job promoting this service, a new report concludes.

FirstCapital Bank of Texas is using interactive video software from NCR Corporation to offer its customers 24-hour live teller service during business days.

Customers Bancorp (CUBI) in Wyomissing, Pa., disclosed unexpectedly high sequential loan growth in the first quarter.