Banking

Walmart has long been as much a force in financial services as it has been in retail. Here are some of ways Walmart and its executives have shaped - and challenged - the payments industry.

John and Bill Wheeler went as far as giving away foreclosed properties to reduce maintenance fees and bad assets. As a result, State Bank of Countryside has returned to profitability and is ready to start lending again.

Independence Bancshares, (IEBS) in Greenville, S.C., has filed multiple mobile payment patent technology applications with the United States Patent and Trademark Office.

The DOJ's initiative ensures that federal and state laws are not circumvented by predatory lenders … and gives federal authorities a chance to fix a very broken industry.

Opus Bank in Irvine, Calif., has launched an initial public offering that could yield as much as $223 million for the company and its shareholders.

First Internet Bank is opening a commercial loan office in Phoenix and has hired three experienced lenders to run it.

A Montana court has affirmed a jury verdict that had found Comerica Bank (CMA) responsible for putting one of its commercial clients out of business.

Wal-Mart Stores Inc. chose MasterCard Inc. to handle transactions for the merchant's store-branded credit cards, ending a nine-year relationship with Discover Financial Services.

U.S. attorneys general launched a multistate investigation into a data breach at a subsidiary of Experian that gave criminals access to consumers' bank account, Social Security and drivers' license numbers.

Wal-Mart Stores, the world's biggest retailer, chose MasterCard to handle transactions for the merchant's store-branded credit cards.

Fidelity Southern (LION) in Atlanta has filed documents that would allow it to issue up to $100 million in stock, warrants and debt.

A Missouri House panel adopted a measure to drop renewals on payday loans and lower the amount of interest borrowers can charge.

The two principal owners of Rincon Debt Management will surrender more than $3.3 million to settle charges related to a debt collection scheme.

State attorneys general are investigating a data breach at a subsidiary of Experian that gave criminals access to consumers’ bank account, Social Security and drivers’ license numbers, Reuters reported Thursday.

The distributed denial-of-service attack that crashed Ellie Mae's loan origination system was cleverly disguised and could have been carried out by individuals with mortgage industry expertise, the vendor says.

The U.S. Treasury Department paid Comerica Inc. (CMA) $32.5 million to run a debit-card program for the poor and elderly that the bank had agreed to run for free, an inspector general audit found.

The Federal Reserve rejected capital plans for three foreign-owned banks, which need time and millions of dollars in investments to make the requisite tech upgrades in order to comply.

Poppi Metaxas, the former president and chief executive of Gateway Bank in Oakland, Calif., has been accused of orchestrating a fraud scheme to disguise the bank's crumbling financial condition.

The lender's new series of unscripted commercials feature members of the improv comedy troupe Upright Citizens Brigade.