The traditional payday loan structure should cease to serve as the standard by which innovation in this credit space is measured.

Nok Nok Labs, a startup run by the founder of data security vendor PGP, is developing technology that could let biometric authentication mechanisms communicate easily with servers.

Banks are beginning to use considerable discretion in deciding what constitutes an illegal act and sometimes even an immoral act. Freeze the funds first ... ask questions later.

The bulwarks of financial privacy may, by default, become unsanctioned, underground networks like Bitcoin and startups run by youngsters brazen, or naive, enough to test the legal and regulatory limits.

BNY Mellon is facing a $900 million tax bill after a U.S. judge rejected its attempt to claim hundreds of millions of dollars in foreign tax credits.

American Express said Monday it is working with Twitter to expand its cardholders' ability to shop over the social networking site.

Grand Bankshares in West Palm Beach, Fla., plans to raise $6 million, according to a news report.

BURLINGTON, Vt. – Vermont FCU has purchased a long-vacant property in Middlebury, Vt., that used to house a branch of Chittenden Bank.

A plan by Fannie Mae to slash premiums for replacement homeowners insurance has been killed by the Federal Housing Finance Agency, according to people informed of the agency's decision.

Citizens Bank of Kansas is seeking to switch from a national to a state charter.

Consumer credit reports contain many errors, causing some consumers to pay higher rates for loans, the Federal Trade Commission said Monday.

A new federal rule issued by the Department of Housing and Urban Development on housing discrimination will likely make it harder for banks to prevail in fair-lending disputes.

The Consumer Financial Protection Bureau will require some mortgage servicers to develop general plans for avoiding complications arising from the transfer of servicing rights.

The stress of margin compression, combined with the need to generate additional income to maintain investors' return on equity hurdles, is driving more and more community banks into riskier activities.

Individuals who blew the whistle on a mortgage fraud scheme that ended up costing JPMorgan Chase (JPM) $296 million in fines have about three months to prove that their information helped lead to the settlement with federal regulators.

CEO Hugh Potts says the Mississippi company's sale to Renasant will help investors recoup 75% of 2006 value.

Karen Mills is stepping down as the head of the Small Business Administration. On her watch the agency supported $106 billion of loans to small businesses, including a record $30.5 billion in fiscal year 2011.

Losses at Anchor BanCorp Wisconsin (ABCW) in Madison narrowed slightly last quarter as its credit quality improved.

Legislation introduced in several states would ban surcharges on Visa and MasterCard credit card purchases, potentially undercutting a concession retailers won in a proposed legal settlement.

United Community Banks in Blairsville, Ga., has renewed its contract with Fiserv and added the fintech company's debit card services.