The tiny Flagship Bank has made an unusual bet in agreeing to pay 20 times current capital to buy BankMobile, but the same Durbin amendment that prompted Customers Bancorp to sell the unit also made Flagship the ideal buyer.

HCSB Financial received a second subpoena from the Troubled Asset Relief Program's special inspector general.

Credit unions affiliated with the league that serves Delaware, Massachusetts, New Hampshire and Rhode Island will see some of their dues money returned.

Users of virtual currencies like bitcoin are backing an industry group to oppose tax authorities’ efforts to collect detailed information about the customers of a popular digital currency exchange.

Banks and consumer rights groups appear to have found unusual common ground in the debate over screen scraping, asking the CFPB to weigh in on the application of certain regulations to fintech companies that aggregate financial data on customers' behalf.

A previously unreleased paper lays out the pros and cons for banks of technologies designed to restore confidentiality on shared ledgers.

The banking industry is counting on regulatory relief coming out of the Trump administration and Congress, but there are significant constraints on how much they might be able to deliver.

A trade group owned by the nation's largest banks wants Congress to require state governments to collect information about the true ownership of the companies they incorporate. Such a law could reduce the banking industry’s cost of complying with anti-money-laundering rules.

The federal agency released data culled from fourth quarter 2016 call reports that showed the "great divide" between large and small credit unions continues to widen.

Comptroller of the Currency Thomas Curry defended plans to offer a nonbank charter to fintech firms, disputing, among other things, arguments that his agency lacks the legal authority to do so.

It's hard enough lobbying for big changes on Capitol Hill, but sometimes it only gets harder when it comes time to actually implement them.

The recent decision by the Federal Reserve Board to exempt banks with less than $250 billion in assets from the qualitative aspects of the CCAR stress tests may be a sign of things to come, says Joo-Yung Lee, head of North American financial institutions at Fitch Ratings.

The current partisan war over the Dodd-Frank Act is just one dispute in a broader ideological divide about the government’s role in industry.

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 our social media platforms.

Connected devices are expanding quickly, as are payment apps. The combination may make following commerce and security mandates harder in the future.

After questions arose after the 2016 Comprehensive Capital Analysis and Review stress test, the Fed said Thursday that it would not object to the bank’s resubmitted capital plan.

A Federal Reserve proposal to set higher capital requirements for certain physical commodities may contravene Congress’ intent by making possession of those assets financially untenable, financial groups claim.

Eleven senators sent a letter to Attorney General Jeff Sessions asking him not to enforce federal pot laws in states that have legalized marijuana.

Under the Trump administration, the challenge for the industry is to find the proper balance between supporting post-financial crisis regulations that have worked well and campaigning for reform efforts that have been ineffective.

With the new administration and eventual new leadership of the regulatory agencies, banks’ calculus that agreeing to consent orders is usually the right course is potentially changing.