Brian Browdie

Rep. Greg Walden (R-Ore.) on Monday announced plans to introduce legislation to take away the Treasury Department's ability to mint money to pay the federal government's bills.

The Federal Reserve Board has terminated an enforcement action against Farmers State Bank in Victor, Mont.

Consumers who face foreclosure on their homes, who would like to modify terms of their mortgages or whose homes are underwater, now have a toll-free telephone number they can call to connect with a counselor who may be able to help.

JPMorgan Chase, the nation's biggest bank by assets, said Monday it would inaugurate a new office, which is located in San Jose, with celebrations at both the branch in San Jose and another that the bank opened recently in San Francisco.

VantageSouth Bank in North Carolina is taking steps to rekindle lending to home builders.

Guaranty Bancorp in Denver is planning to retire some of its high-cost debt. The $1.8 billion-asset company said late Friday that it would redeem $15 million in trust-preferred securities in February and March.

United Shore Financial Services in Birmingham, Mich., has promoted the head of its wholesale mortgage unit to become its president.

Bank of America (BAC) will pay Fannie Mae $3.6 billion to settle claims in connection with mortgage loans the bank sold to Fannie over a nine-year period starting in January 2000.

Fourteen of the nation's biggest banks are expected to pay a combined $10 billion to settle allegations they mishandled foreclosures that followed the housing crisis.

The lenders allegedly forced homeowners to purchase flood insurance in excess of legal limits and received commissions from the sale of the policies.

BankFinancial in Burr Ridge, Ill., has followed through on plans to cleanse its balance sheet of troubled assets.

Borrowers whose loans back commercial mortgage securities are continuing to repay more of their loans on time.

TD Bank (TD) is about to remind residents of Manhattan's East Village neighborhood they no longer live in a capital of cool. The $822 billion-asset bank has leased 4,300 square feet of ground-floor space in a building being built on the site of the former Mars Bar

Peoples Bancorp in Marietta, Ohio, has acquired an insurance agency office in Pikeville, Ky.

BB&T in Winston-Salem, N.C., could be looking to add to its holdings in the Sunshine State.

Prosperity Bancshares (PB), Kentucky First Federal (KFFB), Bank of the Ozarks (OZRK) and Talmer Bancorp all entered 2013 with added heft.

The $1.8 billion-asset subsidiary of CNB Financial Corp. (CCNE) said Friday it has appointed Richard Greslick chief operating officer.

Mid Penn Bancorp (MPB) in Millersburg, Pa., has repaid the $10 million it owes the Troubled Asset Relief Program.

The Royal Bank of Scotland (RBS) has won a bid to dismiss a lawsuit that stems from its sale of securities backed by U.S. residential mortgages.

Covenant Bank in Chicago could fail if it does not raise fresh capital soon.