Royal Bank of Canada has plucked away executives from Wells Fargo and Credit Suisse to be the co-heads of its consumer investment banking business, according to a news report.

A new Labor Department regulation designed to make more American workers eligible for overtime pay stands to add costs and slow hiring at community banks.

The agency posted its semiannual rulemaking agenda on a blog late Wednesday updating the next steps it will take on several areas of rulemaking. The CFPB expects to issue rules for prepaid reloadable cards, mortgage servicing and mortgage disclosures this summer but set no specific deadlines yet on overdraft and debt collection.

Banc of California’s shareholders delivered a pair of rebukes for the Irvine company’s management.

UMB Financial took its lumps last year when its funds management business suffered from large outflows. The challenge prompted UMB to tighten up on expenses and rely more on revenue tied to its balance sheet.

When Edison “Eddy" Ortiz isn’t winning patents for Royal Bank of Canada, he’s tinkering in his Orlando home.

With the nominees likely clear for the Republican and Democratic presidential tickets, speculation has turned to whom Donald Trump and Hillary Clinton could pick as their running mates. A number of those names mentioned are key figures on financial policy. Following are some of the top possible picks.

Banks need to be self-critical in evaluating a growth strategy’s chance of success while realizing that it’s hard to rebound from a growth failure.

A debate Wednesday at a senate committee hearing discussed the effectiveness of the TCPA and how the the FCC has exposed businesses to litigation risk.

State Bank Financial in Atlanta has agreed to buy S Bankshares in Glennville, Ga.

The financial services sector would benefit from companies — banks included — submitting dedicated disclosures on the impact of climate change.

The National Consumer Law Center warned Congress on Wednesday that a change to federal law last year is troublesome because it now allows the government to use robocalls to collect debt.

The Consumer Financial Protection Bureau is expected to unveil its formal proposal to restrict payday lending on June 2, the first national regulations of short-term, small-dollar loans.

The $420 million-asset company said in a press release Thursday that Keith Costello, who formed Broward Bank of Commerce in Fort Lauderdale in 2009, will succeed Ken LaRoe as chief executive of First Green Bank.

Users of the Walmart MoneyCard, issued by Green Dot, took to social media Wednesday to complain about problems they've encountered checking balances and accessing funds. The problems come at an inopportune time for Green Dot.

The bureau said Wednesday that it plans to hold a public hearing in Kansas City, Mo., to discuss small-dollar lending. The hearing will be held at the Kansas City Convention Center and will feature remarks from CFPB Director Richard Cordray, as well as testimony from consumer groups, industry representatives and the public.

The Department of Housing and Urban Development issued a proposal Wednesday to codify recent changes to its reverse mortgage program and to provide additional protections for seniors, including a cap on annual interest rate increases.

The Consumer Financial Protection Bureau's proposal to limit the use of arbitration clauses came under attack Wednesday for potentially raising costs and liability for financial firms.

Simmons First National in Pine Bluff, Ark., has agreed to buy Citizens National Bancorp in Athens, Tenn.

Banks have stumbled in their forays with wearable technology. Now the leading maker of personal fitness trackers plans to add contactless payment capabilities to the devices.