Banking

The Consumer Financial Protection Bureau's focus on discrimination in the auto loan business will likely force the banks it targets to stop paying bonuses to car dealers that originate high-interest loans. Changing practices in the rest of the industry could prove tougher.

A partnership between SAP and CSC could disrupt the U.S. core banking market at a point when many banks are looking to modernize their systems.

Federal Reserve Gov. Sarah Bloom Raskin warned Thursday that the government's tightening fiscal policies and a slow housing recovery will continue to restrain a U.S. economic recovery.

The Federal Deposit Insurance Corp. is seeking to recover $48 million from officers and directors of a Florida bank that collapsed in 2010 following heavy defaults on commercial real estate loans.

Mars National Bank near Pittsburgh has drafted a local boy-turned-major-leaguer, Neil Walker of the Pirates, as its pitchman.

Former Citigroup CEO Vikram Pandit has taken a stake in India's JM Financial Group, which also plans to name him chairman of a proposed new bank.

Republic First Bancorp (FRBK) in Philadelphia is continuing its push into southern New Jersey.

BitPay, which processes payments for merchants in the virtual currency Bitcoin, has attracted some investors with a pedigree in pioneering alternative ways to send and receive money (PayPal).

Customers Bancorp in Wyomissing, Pa., is bumping up the size of its stock sale by more than 20%

Capitol Bancorp is down three banks in the past week, but it could have been four. The company said in a regulatory filing on Wednesday that regulators attempted to seize a fourth bank on Friday, but a temporary injunction from a state court stopped it.

The latest monthly reports from credit card issuers provide more evidence that loss rates will stay abnormally low longer than thought just a few months ago.

Corporate payment company Wex has entered a partnership with travel services provider Grupo Transhotel to broaden travel payments services.

Regulators let Synovus acquire a failed bank — its first deal in four years — though it still owes Tarp $968 million. A surprising number of similar deals have occurred in recent years.

The Treasury Department has moved to rein in Mt. Gox, the world’s largest exchange for the all-digital currency Bitcoin. The move raises the specter that the government is intent on eliminating anonymous Bitcoin transactions, which could dramatically reduce the currency’s allure to many users.

Consumer Financial Protection Bureau Director Richard Cordray sat silently at a public hearing as a room full of the industry's customers and employees argued that Americans should be allowed to make their own borrowing choices.

At least two startups who demoed at Finovate this week are trying to step in between banks and commercial borrowers in the same way peer to peer lenders already have — with crowdfunding.

Analyze data to tailor offers and draft sales pitches that customers, particularly those visiting branches, will have a hard time refusing.

Four community banks announced Troubled Asset Relief Program redemptions Wednesday. Two were in Missouri and one each in South Carolina and Virginia.

nCino, which sells cloud-based bank operating software, scored a new client in Square 1 Bank of Durham, N.C.

Peoples Bancorp (PEBO) in Marietta, Ohio, has bought three insurance agencies in Jackson, Ohio.