Banking

The consumer agency has listened to agency concerns and issued reasonable, measured rules, but it still faces charges that it's unaccountable and out of control.

Three years ago, Visa executives told investors that one of their goals was to enter new businesses, but Visa CEO Charlie Scharf, who joined the company in October, says that is no longer the case.

Visa CEO Charles Scharf spoke at length Thursday about repairing frayed ties with retailers, even as the decade-long war over interchange fees rages on.

Lowering overhead (relative to assets) would be a powerful motivator for a bank to get big, fast. But the savings just aren't there.

As the government banishes home loan products deemed unsuitable for most borrowers, why does it continue to backstop one that’s pitched to aging seniors – mainly by nonbank lenders?

Ed Hale, who retired as chairman and CEO of First Mariner in Baltimore more than a year ago, has invested in a local technology consulting firm called Think Systems.

Identity theft continues to be the highest ranking consumer complaint, according to the Federal Trade Commission. With this in mind, Zoot Enterprises recently discussed the prevalence of identity theft and fabricated identities with Dr. Stephen Coggeshall, chief technology officer at ID Analytics.

The Small Business Administration is making more money available for programs that encourage investment in early-stage companies and low-income communities.

The $42 million pact is the first of its kind to resolve complaints that a mortgage servicer treated foreclosed homes differently based on the racial composition of the neighborhood.

Mobile payments worldwide will grow significantly in transaction volume and value in 2013, but Near Field Communication payments won't be part of that momentum in North America, according to new Gartner research.

At this year's Mobile Banking and Commerce Summit in Miami, many attendees recognized that mobile banking has moved from the abstract to reality but worried about how to make money on their tech investments and how to keep transactions secure.

First PacTrust Bancorp in Irvine, Calif., is planning to raise more than $40 million through a sale of preferred shares.

The industry is up in arms over a proposal that would require banks to disclose in call reports specific sources of fee revenue. In question is whether the mandate would improve oversight of safety and soundness or instead is aimed at furthering the policy agenda of the Consumer Financial Protection Bureau and consumer advocates.

The fast-growing First Virginia Community Bank in Fairfax said Thursday that it sold more than 1.6 million shares at $13.50 each. It plans to use the money to support growth, among other things.

Seacoast Banking of Florida has opened five offices in the last three months, called "fuel cells," to focus on small businesses. The aim is to foster more collaboration between commercial clients and Seacoast employees.

It's not just the anonymity. Like cash and Bitcoin transactions, Liberty Reserve transfers were non-reversible, and that's important to certain merchants.

MasterCard has approved a pair of EMV-chip cards jointly developed by Inside Secure and CPI Card Group.

Diebold announced Thursday that it has named Andy W. Mattes its president and chief executive

The foreclosure sale rate hit a three-year high in April, as the foreclosure process slowly returns to normal after years of delays and legal disputes.

The 2013 Data Breach Fraud Impact study from Javelin Strategy and Research shows that breaches can lead to billions of dollars in consumer-fraud charges in addition to costs they impose on institutions whose systems are compromised.