Banks will have to scrutinize their relationships with consultants, brace for the possibility of a wave of regulation of consulting practices and have backup plans in case a key advisor ever receives a punishment like the one New York state dealt Deloitte.

Housing Secretary Shaun Donovan and four state attorneys general vowed to hold banks to the terms of the settlement while saying more institutions were likely to shortly join their ranks.

A number of recent deals in the state could spur more Virginia banks to buy or sell. However, big out-of-state buyers are unlikely to get involved because there are few large targets left.

Regulators are looking more closely at the way banks choose and manage their vendors. One insider tip: clue the regulators in to new projects ahead of time.

An adaptation of the Zeus malware kit targets job seekers and dupes them into funneling cash from a victim's bank account into criminals' pockets.

A survey of worldwide consumer habits by First Data shows that 71% of respondents expect to be able to access their financial accounts in real time.

Pindrop announced Wednesday that it's raised $11 million of Series A funding — the round was led by Andreessen Horowitz and Citi Ventures.

Housing Secretary Shaun Donovan and four state attorneys general vowed to hold banks to the terms of the settlement while saying more institutions were likely to shortly join their ranks.

The big five servicers technically passed the first test of their compliance with the $25 billion national mortgage settlement, but four of them failed to meet at least one requirement and the settlement's monitor received nearly 60,000 complaints.

Sabal Financial, a buyer of distressed debt, has established Sabal Third Party Servicing, which will service commercial real estate and construction loans nationwide.

A number of recent deals in the state could spur more Virginia banks to buy or sell. However, big out-of-state buyers are unlikely to get involved because there are few large targets left.

Fulton Financial in Lancaster, Pa., is extending a share repurchase program by three months.

The $804 million-asset bank will offer as many as 1.45 million shares to the public at $14.25 a share, which could produce as much as $20.7 million.

Regulators have published the latest catalog of places outside metropolitan areas where lending will earn banks credit toward their Community Reinvestment Act obligations.

Federal Reserve Board Chairman Ben Bernanke said Wednesday that regulators are making steady progress on a number of critical rules under the Dodd-Frank Act, predicting that several final rules will be released in the coming months.

A prominent group of policymakers from across the political spectrum has unveiled a detailed proposal to reform the mortgage finance system that includes many common elements found in pending Senate legislation.

Consumer Financial Protection Bureau Director Richard Cordray defended the agency's new mortgage rules, data gathering activities and single-director leadership structure during a luncheon speech on Wednesday.

Banks will have to scrutinize their relationships with consultants, brace for the possibility of a wave of regulation of consulting practices and have backup plans in case a key advisor ever receives a punishment like the one New York state dealt Deloitte.

The $130 million-asset parent of Guernsey Bank said Tuesday it would pay roughly $5 million for Ohio State, which has three branches in the Columbus area.