The banking industry needs to pay attention to innovation in the payments sector, said Gregory Baer, the incoming president of The Clearing House Association.

Evans Bancorp in Hamburg, N.Y., has agreed to pay $825,000 to settle a lawsuit that accused the company of mortgage redlining.

Old Point Financial in Hampton, Va., has selected its chairman's son as chief executive of Old Point National Bank of Phoebus.

Banks and payment companies have been bearish on Bitcoin, but the virtual currency's underlying technology is growing in popularity and attracting investment.

The FDIC has proposed a plan that would increase premiums for banks that use reciprocal deposits—a tool that community development financial institutions rely upon to meet credit demand in low-income communities.

Consumers continue to have a disciplined approach to spending with their credit cards, according to the American Bankers Association.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.

Two community banks — Community Bankers Trust in Richmond, Va., and Charter Financial in West Point, Ga. — have reached early terminations of loss-share agreements with the Federal Deposit Insurance Corp.

Apps that help people manage their money on a day-to-day basis are all the rage among millennials. Here are the most effective of the bunch.

Bankers are already planning app improvements after seeing the new features of the Apple Watch, iPhone 6S, iPad Pro and Apple TV that were revealed this week.

West Virginia regulators filed a complaint against a company that owns residential rental properties, alleging the company charged tenants excessive fees in violation of the state’s consumer protection laws and engaged in unlawful debt collections.

Citizens Financial Group in Providence, R.I., has been picked by Apple to provide financing to customers who want to upgrade to a newer model iPhone.

The rising costs to service mortgages reflects a market where there are not only downsides to being too small, but hurdles to being too large — raising the question of whether there's a middle ground where servicers are not too big, not too small, but just right.

Zions Bancorp. in Salt Lake City has named Karin Lockovitch director of compliance.

Under a federal corruption probe and facing financial and performance issues, United Airlines has picked ex-KeyCorp CEO Henry Meyer as its new chairman. He'll have to draw on the crisis-management skills he sharpened while leading KeyCorp through the financial crisis.

Arthur Levitt, the chairman of the Securities and Exchange Commission from 1993 to 2001, will become an adviser to the marketplace lender Social Finance.

Supporters of big data tend to be at loggerheads with people who are concerned about fair lending issues. In order to have a productive conversation, both sides need to distinguish between the goals of the lender and the goals of the general public.

BBVA Compass' Simple said it has removed fees for its checking accounts and other banking transactions.

Texas Capital Bancshares in Dallas plans to hire 100 people for its new mortgage correspondent aggregation business line.

Get a dose of hope from the W-20 and Afghan girls who code. And get a dose of inspiration too, as persistence pays off for Mary Callahan Erdoes, the 'Math Queen of Wall Street,' and likewise for Irene Bergman, the 'Oldest Woman on Wall Street.'