Sara Lepro

B of A sends letters to 5,000 Oregonians erroneously claiming they’re late on their property taxes; Report shows nation’s shadow inventory is on the decline; Mayoral candidate in Tucson, Az., takes housing crisis into his own hands

Former Capital One executive Susan R. McFarland will join Fannie Mae as its chief financial officer July 11, the government-sponsored enterprise said Wednesday.

Consumers saved $1.6 billion on service charges at their banks in the first six months after new rules on overdraft fees went into effect, but those savings have since leveled off.

For Capital One Financial Corp.'s planned acquisition of ING Direct to pay off, the lender will have to follow quickly with another deal, and the economy must not falter.

For Capital One Financial Corp.'s planned acquisition of ING Direct to pay off, the lender will have to follow quickly with another deal, and the economy must not falter.

Gregg Harris, the founder and CEO of LenderCity, is trying to do for mortgage originators what McDonald's did for restaurateurs by bringing the franchise model to loan brokerage.

Huntington official opines on B of A overdraft decision; Greenlining weighs in on board diversity; a Dublin pensioner takes at a new crop of bank leadership; and more.

U.S. consumers are more upbeat about their home-buying prospects than residents of other countries; Baltimore takes iron-fist approach to dealing with blight; Royal Bank of Canada embarks on aggressive promotion of home equity loans.

The controversial Kardashian Kard may have only been on the market for a few short weeks, but its fifteen minutes of fame are far from over.

Fannie Mae has expanded incentives offered through its HomePath program to encourage sales of real estate owned properties.

Wal-Mart Stores next week will begin rolling out automated versions of its MoneyCenter offices, which provide a range of financial services to shoppers.

Wal-Mart Stores next week will begin rolling out automated versions of its MoneyCenter offices, which provide a range of financial services to shoppers.

The "MoneyCenter in a box" concept will feature ATM-like machines positioned in stores that don't have full MoneyCenters, Jane Thompson, the outgoing president of Wal-Mart's financial services unit, said Friday.

Malhotra and his business partner, Yaron Ben-Zvi, Gratio's chief operating officer, got some powerful validation on Thursday, as nearly 300 attendees of the sixth Annual Underbanked Financial Services Forum in New Orleans selected GoalMine as the winner of the Core Underbanked Innovators Challenge.

The peer-to-peer loan facilitator Prosper.com has raised more than $17 million of new venture capital.

On Monday, Regions said it signed an agreement to purchase the $1 billion portfolio of Regions-branded credit cards from FIA Card Services, a subsidiary of Bank of America.

U.S. Bancorp Chief Executive Richard Davis is uneasy about the ongoing settlement talks between the state attorneys general and the Minneapolis bank's larger servicing peers.

U.S. Bancorp Chief Executive Richard Davis is uneasy about the ongoing settlement talks between the state attorneys general and the Minneapolis bank's larger servicing peers.

U.S. bank customers aren’t the only ones dissatisfied — those in the U.K. and Ireland are, too; the FDIC recognizes a panel of small banks for reaching out to small customers.

After rethinking its open-door policy on a number of occasions, Prosper Marketplace has decided again to drop its high-risk category of borrowers, only to bring it back a month later.