Banks must throw away their traditional thinking and acting like the newcomers in the business.

A legal-support firm under investigation by the Consumer Financial Protection Bureau is accusing the CFPB of overstepping its bounds in demanding personal information about the firm's clients.

A Kentucky jury has awarded $7 million to a developer who claimed that Porter Bancorp (PBIB) committed fraud when it backed out of planned loan sale.

Nonbank lenders are analyzing reams of data to help decide if they should make short-term loans to cash-strapped consumers who don't qualify for mainstream credit.

Northwest Bancshares in Warren, Pa., reported lower quarterly earnings because of a lower net interest margin and higher expenses.

Identity management and trust in the online world may be the new business of banking.

The House Financial Services Committee plans to mark up legislation Tuesday to wind down Fannie Mae and Freddie Mac and replace them with a system primarily driven by the private sector.

An upcoming dividend rate increase on shares issued under Tarp could prompt more banks to find buyers.

Two new bills in Congress would undermine Dodd-Frank’s ability-to-repay rule and recreate incentives for lenders to steer families into high-risk, high-fee loans they do not understand and cannot afford.

Customers Bancorp in Wyomissing, Pa., has begun a $25 million debt offering.

The startup scene offers a glimpse into what the future of banking services will look like.

The chief operating officer at BBCN Bancorp in Los Angeles is stepping down.

Bank of Hawaii in Honolulu reported a slide in quarterly earnings as lending income fell.

Bank buyers are starting to pay more for assets; valuations soared this month in Prosperity’s deal for FVNB and MB Financial’s deal for Taylor Capital, which could be the sign of increased prices for future bank M&A.

The bank of the future is a humanizing bank, where the focus is on relationships, intimacy, depth, and human connection – supported by technology.

Premiere Credit of North America, a collection agency based in Indianapolis, will be adding 100 new jobs to its Batavia, N.Y. call center that opened early last year.

The PayVest event in New York, presented by PaymentsSource, American Banker and NYPAY, brought together many key players in emerging payments and technology. Many of them are taking different paths to the future.

TCF Financial Corp. (NYSE: TCB) in Wayzata, Minn., has hired a PNC Financial Services Group (PNC) executive to be its chief risk officer.

The $1.6 billion-asset company reported Friday that it earned $2.8 million in the second quarter, up 6% from the same period in 2012.

Sen. Elizabeth Warren, D-Mass., was the Senate's presiding officer when lawmakers confirmed Richard Cordray as director of the Consumer Financial Protection Bureau.