Banking

Members of HarborOne CU are mailing in their votes to determine whether the second largest credit union in Massachusetts will convert to a mutual savings bank.

The $443 million-asset company said Monday it has named Jennifer Bott, William McConnell Jr., and Michael Wells directors. The appointments expanded Ameriana's board to 10 members.

Tampa-based Gries Investment Funds has moved a step closer to completing its first bank acquisition.

Silicon Valley, Silicon Prairie and Silicon Alley all have their virtues, but some say Atlanta has the most to offer financial technology startups.

A federal appeals court has reinstated a class-action lawsuit that charges a defunct subprime lender and several banks with misleading investors in the run-up to the financial crisis.

1st Capital Bank (FISB) in Monterey, Calif., has erased the "interim" from its chief executive's title.

Traditional lenders argue that state bans are merely driving consumers to Internet-based lenders that are largely unregulated and don't pay U.S. taxes.

A BusinessWeek cover sparked controversy recently because many saw it as racist. But it also stirred concerns because it reinforced a persistent myth about the financial crisis: that it was caused by predatory borrowers, not lenders.

The best way to meet the needs of consumers and communities is to once again have the private sector play the lead role in the housing market, led by responsible local lenders.

The Justice Department is investigating a recently acquired unit of Ocwen Financial (OCN), the company announced Friday.

Spire Payments has purchased Thyron Payments Systems in a deal that will allow Spire to support chip-and-PIN and mobile payments alongside the new Spire payment terminals that are due to roll out in the second quarter.

Regions Financial (RF) has promoted a veteran executive to lead its private wealth management unit.

Delinquencies on loans that back commercial mortgage securities fell for the second consecutive month in February, to their lowest level in a year, according to a report published Monday.

Akcelerant announced Monday a new relationship with Scorelogix, a predictive analytics company out of Newark, Del., that enables the Malvern, Pa.-based company to sell Akcelerant Insight Scores to banks.

The high-profile break-in of @burgerking has many bank employees discussing authentication and security mechanisms for the social media networks.

Characteristics of prepaid cards and checking accounts have converged. This will continue until they are simply different names for the same thing. Manage them together, and provide with each all the relevant features for which customers will profitably pay.

VISIONBank in Fargo, N.D., has converted a former restaurant into an eye-catching branch where customers are invited to sit by the fire, play with the dog, grab a soda from the fridge and make themselves at home.

Cybercrooks have plenty of new tricks up their sleeves to steal card data from merchants. The attacks aren’t likely to let up, mainly because retailer payment and business systems remain a treasure chest for data pirates, a new study says.

Many merchants still don't take credit or debit cards, usually because of the cost. Two-year-old Plastiq aims to help these holdouts by shifting the cost of card acceptance to the consumer.