Banking

A dispute in North Dakota over assessment fees for its state-owned bank could stymie efforts to open similar banks elsewhere.

The Consumer Financial Protection Bureau issued a proposal Thursday that would let lenders test various disclosure programs on consumers in an effort to make disclosures more concise and cost-effective.

Two targets of the al Qassam Cyber Fighters Group are seeing unusual traffic on their websites.

TCF Financial (TCB) in Wayzata, Minn., plans to raise $100 million by selling preferred equity at $25 a share.

Retail strategy firm Peak Performance Consulting has welcomed two former banking execs to its team.

The Treasury said Thursday that it should gross about $23.8 million from auctioning stakes in seven participants in the Troubled Asset Relief Program. The expected proceeds would represent a 9% discount from the nearly $26 million that the government originally invested in those banks.

Banks are assuming greater risk on the strategic side, by entering unfamiliar product territory, and on the cost side, by devoting fewer resources for risk management.

The alternative payment provider Dwolla now gives users the ability to send money via tweet by using the hashtag #dwolla.

In functionality, mobile banking apps are movin' on up. Though recent research shows customers make little distinction between the leading financial services players' mobile apps and mobile browsers, new releases of the past week or so show that industry players are evolving their mobile offerings to go beyond basic features like checking account balances.

Bank of America (BAC) and insurer MBIA (MBI) may be nearing a resolution of their longstanding squabble over securities backed by residential mortgages.

Discover Financial Services (DFS) announced Thursday that James Roszkowski has been named president of Discover Bank.

Small-business owners are likely to pull back on purchases of computers, machinery and other long-term investments in 2013, according to a survey released Thursday by Wells Fargo (WFC) and Gallup.

Synovus Financial in Columbus, Ga., has sold roughly $530 million of problem assets and expects to take a pretax charge of $155 million tied to the move.

Citizens Bank of Edmond in Oklahoma and BBCN Bancorp in L.A. rewarded workers by letting them film "Gangnam Style" videos — and customers and YouTube watchers dug 'em.

As more retailers begin using quick-response (QR) codes for mobile payments at the checkout line, Bank of America is introducing the codes at the teller line.

Consumers disputed up to 38 million items on their consumer credit reports last year at the three largest consumer reporting agencies, according to a report released Thursday by the Consumer Financial Protection Bureau.

PORTSMOUTH, N.H. – Service CU a 13-foot Globe Sculpture outside its new 100,000 square-foot headquarters to President/CEO Gordon Simmons at the conclusion of their grand opening ceremonies Tuesday

COLLEGEVILLE, Penn. – Superior CU and Perkiomen Valley School District officials held a ribbon-cutting ceremony Nov. 29 for a new bank branch opened inside Perkiomen Valley High School.

VIENNA, Va. – Navy FCU, which has opened 42 branches since the start of 2010, is opening two more branches Monday, its 6th and 7th new branches in the last four months.

Pave adds a new twist to crowdsourcing capital. The New York-based startup funds people, rather than specific projects, and the interest rate depends on their future earned incomes.