Banking

Banks must throw away their traditional thinking and acting like the newcomers in the business.

A legal-support firm under investigation by the Consumer Financial Protection Bureau is accusing the CFPB of overstepping its bounds in demanding personal information about the firm's clients.

A Kentucky jury has awarded $7 million to a developer who claimed that Porter Bancorp (PBIB) committed fraud when it backed out of planned loan sale.

Nonbank lenders are analyzing reams of data to help decide if they should make short-term loans to cash-strapped consumers who don't qualify for mainstream credit.

The New York bank showcases more than 4,000 available jobs.

Northwest Bancshares in Warren, Pa., reported lower quarterly earnings because of a lower net interest margin and higher expenses.

Identity management and trust in the online world may be the new business of banking.

The House Financial Services Committee plans to mark up legislation Tuesday to wind down Fannie Mae and Freddie Mac and replace them with a system primarily driven by the private sector.

An upcoming dividend rate increase on shares issued under Tarp could prompt more banks to find buyers.

Two new bills in Congress would undermine Dodd-Frank’s ability-to-repay rule and recreate incentives for lenders to steer families into high-risk, high-fee loans they do not understand and cannot afford.

Google has taken a stake in semiconductor maker Himax Technologies, which creates the silicon chips and modules used in the search engine giant's Glass.

Gateway Mortgage Group has chosen Fiserv's mortgage servicing platform to improve its ability to mitigate losses.

Bank of America Merrill Lynch launched Monday an analytics dashboard aimed at helping treasurers handle their cash.

Tom Sanzone, former IT head at several of the largest U.S. banks, weighs in on the cyber war banks are fighting and how the chief information security officer’s role is getting bigger and more important.

Customers Bancorp in Wyomissing, Pa., has begun a $25 million debt offering.

The startup scene offers a glimpse into what the future of banking services will look like.

WICHITA, Kan. – The U.S. Court of Appeals for the Tenth Circuit has agreed to review a lower court’s July 9 ruling dismissing the credit union regulator’s claims against Barclays Capital for the sale of $555 million of faulty mortgage-backed securities the bank sold to U.S. Central FCU and WesCorp FCU.

In an attempt to undercut U.S. banks by giving consumers free ATM access, Discover Financial Services will provide its card holders with access to surcharge-free ATMs via a partnership with Allpoint Network.

The chief operating officer at BBCN Bancorp in Los Angeles is stepping down.

Bank of Hawaii in Honolulu reported a slide in quarterly earnings as lending income fell.