The U.S. Postal Service is neglecting its profitable money-order business, which has lost 25% of its sales volume over the last five years. Big changes are needed to revive the product, according to a new report.

M&T is squeezing savings out of its newly purchased Hudson City Bancorp after fighting long and hard for regulatory approval. But it's also taking steps to keep Hudson City's customers from leaving, like offering higher rates on CDs in the New Jersey area.

Carver Federal Savings Bank in New York announced a loan program for small businesses on Monday.

As mobile wallets become more popular they'll also become more popular targets for fraud. Banks ought to improve enrollment guidelines and other security tools in plotting their mobile-wallet strategy.

Peoples Bancorp in Prairie Du Chien, Wis., has agreed to buy four branches in Wisconsin from FirstMerit.

Florida Credit Unions Shared Services announced a $602,776 patronage rebate and dividend to its participating CUs and stockholders in 2015.

A purported nonprofit that allegedly benefitted from a massive landline phone bill cramming operation has agreed to turn over most of its assets in order to settle Federal Trade Commission charges.

A Meridian, Miss.-based collection agency told the Lauderdale County (Miss.) Board of Supervisors last week that they have the expertise to collect $7.2 million in unpaid fines and fees owed to the county since 1984.

OneUnited Bank, a minority-owned institution in Boston, will close two branches in California, or about a quarter of its total branch network.

A Las Vegas-based collection agency has filed more than a thousand medical debt collection lawsuits against St. Louis area residents since the end of 2014.

The National Association of Realtors is teaming up with a coalition of environmental groups, taxpayer advocates and insurance companies to push Congress on flood insurance reforms.

Sequatchie Valley Bancshares in Dunlap, Tenn., has agreed to buy Franklin County United Bancshares in Decherd, Tenn.

All the noise over the impact of the Current Expected Loss Model is paralyzing bankers from taking reasonable and practical steps to prepare for the new accounting standard.

Dime Community Bancshares has agreed to sell its headquarter building in Brooklyn for $12.3 million.

M&T Bank in Buffalo, N.Y., for the first time was able to report a full-quarter impact from its acquisition of Hudson City Bancorp, which took about three and a half years to complete because of regulatory challenges.

Citigroup's nearly half-billion-dollar outlay for restructuring costs could prove tremendously beneficial, but a lot of work has to be done and it still has to produce more revenue growth in the future.

Freedom Mortgage of Mount Laurel, N.J., has agreed to pay $113 million to settle government allegations that it failed to comply with Federal Housing Administration requirements for originating and servicing FHA-insured loans.

Cyberthieves using malicious software discovered by IBM Security have stolen $4 million from business customers of two dozen financial services providers this month, IBM said.

A partnership with a firm that makes consumer loans through Home Depot stores is exceeding all expectations at Regions Financial. The company is counting on arrangements with two other alternative lenders to further drive loan growth.

Investors are quickly choosing sides in a proxy battle at Financial Institutions in Warsaw, N.Y.