Federal appeals court judges hearing a case challenging the Consumer Financial Protection Bureau’s single-director leadership structure appear receptive to arguments that the setup violates the Constitution.

Affirm, a three-year-old online lender that finances consumer purchases at the point of sale, has raised a $100 million in equity funding to help it boost distribution and develop new products and services.

Bank of America customers could soon interact with the bank via Facebook's Messenger app, the banking company said Tuesday.

JPMorgan Chase & Co., the biggest U.S. bank by assets, said first-quarter profit fell 6.7 percent on lower trading and investment-banking revenue and $479 million in wholesale credit costs.

Profits soared at Bank of the Ozarks in Little Rock, Ark., thanks primarily to its expanding loan portfolio.

The Consumer Financial Protection Bureau named six people to top staff positions Tuesday, including the head of a new office for small-business lending.

Long-term worries, short-term worries, the broader economy and more. Community bankers see lots of obstacles to earnings growth this year, according to a recent survey of 250 small-bank executives conducted by Vining Sparks.

Quicken Loans plans to appeal a recent federal labor ruling that the Detroit lender and other companies owned by Dan Gilbert violated employees' rights.

A GAO report released Monday indicates that the number of nonbank firms servicing mortgages in the U.S. is growing but the CFPB - the agency charged with protecting borrowers - does not have an accurate count of those companies.

The banking industry, in the face of prolonged challenges, is relying on professional help to improve in areas such as productivity, hiring and M&A. The hope is that being introspective now will limit the amount of costly mistakes in the future.

A U.S. district court has dismissed a class-action lawsuit filed in February 2014 against the Pennsylvania Higher Education Assistance Agency (PHEAA) by student loan debtor Neil Silver.

The Consumer Financial Protection Bureau faced hostile questions from two judges during oral arguments before a federal appeals court Tuesday as it sought to argue the constitutionality of its single-director structure in a lawsuit brought by the nonbank mortgage lender PHH Corp.

The partnership with OnDeck will allow the megabank to approve and fund loans in as little as a day, according to CEO Jamie Dimon. Meanwhile, OnDeck is eyeing similar partnerships with other banks.

The Consumer Financial Protection Bureau's upcoming proposal to regulate payday and other short-term lenders will be an important step for consumer protection, but advocates are wrong to think the CFPB's actions are intended to or will have a positive impact on the quality of credit products for the underserved.

The number of seriously delinquent mortgages reached its lowest level in over eight years, helped by new job creation and higher wages, according to CoreLogic.

Before banks are truly integrated into the digital landscape, they must break down data silos and implement steps to make data more accurate and actionable.

The New York company makes two- to three-year term loans of between $3,000 and $25,000. It is seeking to distinguish itself from other digital lenders by targeting young adults who have limited credit histories.

U.S. bankruptcy filings for the first quarter ended March 31 fell 5% to 195,565 compared to 205,851 in the same period last year, according to the American Bankruptcy Institute and data provided by Epiq Systems Inc.

Midland States Bancorp in Effingham, Ill., is planning to raise $120 million through an initial public offering. The $company said in a regulatory filing Monday that it has applied to list shares on the Nasdaq Global Select Market.

Data breaches have become scarily commonplace. But even small financial institutions can take action to thwart hackers and minimize losses.