Economy

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.

The Federal Housing Finance Agency may face legislation or a lawsuit in the near future as it tries to force captive insurance companies to exit the Federal Home Loan Bank System.

Telcos, banks and technology companies have all taken their shots at mobile wallets, but as mobile commerce matures, the niche players are reaping the biggest rewards, according to Remitly CEO Matt Oppenheimer.

Digital Asset Holdings, the blockchain technology startup led by Wall Street veteran Blythe Masters, has raised more than $50 million in funding and expanded its board, the company said Thursday.

Opus Bank in Irvine, Calif., is the latest bank to partner with an online lender, announcing an agreement Thursday to refer certain small-business customers to OnDeck Capital.

LendUp, which makes subprime consumer loans online and over mobile phones, announced Wednesday that it has raised $50 million in equity funding, plus an additional $100 million in debt financing.

It may seem odd for a vendor of payment acceptance hardware to discredit EMV security, which is commonly seen as a catalyst for hardware sales, but that's exactly what MagTek is doing.

BlueVine, a Palo Alto, Calif., firm that is aiming to modernize the invoice-financing business, announced a new fundraising round on Wednesday.

The Current Expected Loss Credit model will help to quantify bankers' intuition and can be built with readily available data.

LoanHero, an online lender specializing in consumer loans at the cash register, announced that it has raised $2.5 million in seed funding.

Online lenders like Aprenita, Payability and Pollen VC have all launched within the last 13 months to fill a need they say is not being met by traditional banks, and only partially by venture capitalists and invoice-financing companies.

In one corner are groups like the Community Home Lenders Association and the major credit union groups, which are hoping the administration will further cut premiums after a reduction a year ago. In the other are the MBA and the ICBA, which argue a cut now would be too soon.