Economy

The rush to be a "one stop shop" for merchants by bundling mobile, Web and in-store payment technology is prompting many companies to join forces, resulting in several high-priced mergers and acquisitions in recent years.

College Ave Student Loans, an online lender in Wilmington, Del., announced Thursday that it has raised $20 million in equity financing.

WASHINGTON – Large banks will simulate their ability to weather both deflation and a recession among the annual economic scenarios provided by the Federal Reserve Board on Thursday for the central bank’s 2016 stress tests.

Presidential candidates' arguments to stop the Federal Reserve from paying interest on banks' excess reserves betray a poor understanding of monetary policy and why the Fed began the practice. Here's why.

The Department of Housing and Urban Development is reducing the mortgage insurance premiums it charges on Federal Housing Administration multifamily loans to encourage the renovation of affordable housing units and promote energy-efficient upgrades.

The rush to be a "one stop" for merchants by bundling mobile, Web and in-store payment technology is proving to be a heavy lift, in terms of cash, resources and IT skills.

Chargeoffs jumped 13% at the Dallas lender, and its warning that they could increase further because of deterioration in subprime auto lending set off alarm bells about the broader consumer finance market.

Banks that prioritize structural changes in their compliance process will make risk frameworks more effective and sustainable over time.

Royal Bank of Scotland Group took a surprise 3.6 billion-pound ($5.2 billion) hit to the value of its assets and set aside more money for past misconduct, limiting Chief Executive Officer Ross McEwan's ability to return capital to shareholders.

In the absence of congressional action on housing finance reform, here is what the Federal Housing Finance Agency should do sooner rather than later.

American International Group’s announcement Tuesday that it plans to split off its mortgage insurance business takes the prospect of a broader breakup off the table in the short term, but some observers think the firm may still break itself up eventually.

Retailers often worry that their customers won't return after a breach, but as logical as this expectation is, it may be far from the truth.

American International Group announced $3.6 billion in new costs to fill a reserve shortfall and said it will hold an initial public offering for its mortgage insurer and sell an adviser network as Chief Executive Peter Hancock seeks to boost returns and protect his job after criticism from activist investor Carl Icahn.

Bank of New York Mellon has become a big believer in reverse mortgages, particularly home equity conversion mortgages insured by the Federal Housing Administration.

Regulators and alarmists are targeting a key source of financing on which some of the best-known American companies rely.

The way the Consumer Financial Protection Bureau is regulating the auto finance industry's relationships with dealers is simply wrong — both legally and ethically — according to Blair Evans of Baker Donelson. It's also directly counterproductive to its goal of protecting consumers, she says.

There have been many reports of bitcoin's demise, but the fate of one currency doesn't eliminate the many use cases that virtual currency could still address in payments, according to Evan Duffield, a Phoenix-based developer and founder of the virtual currency Dash.

Independent Bank Group in McKinney, Texas, has exited the Small Business Lending Fund program.

Progressives' push for a more drastic overhaul of the industry ignores post-crisis changes that have had an undeniably positive effect.