The U.K. Government is ramping up its efforts in supporting the country’s fintech industry, announcing Monday initiatives to create a fintech strategy unit and information hub for startups.

Louisiana Community Bancorp in Houma has agreed to buy Tri-Parish Bancshares in Eunice, La.

Banks are slowly warming up to the idea of open APIs, essentially tools that allow banks to easily connect with others, but BBVA's Shamir Karkal says that they will likely also push banks to modernize their core systems.

The latest version of a new accounting standard for calculating loan-loss reserves would ease the burden on small banks, ICBA officials say. However, the ABA says it still fails to eliminate the biggest problem — asking lenders to predict the future.

Boston Private Financial Holdings appointed its bank president, George Schwartz, to the newly created position of chief executive of its private banking group.

Congress should consider giving direct authority over nonbank mortgage servicers to the Federal Housing Finance Agency, according to a report released Monday by the Government Accountability Office. The report said there should be "parity" among financial regulators in the oversight of regulated entities and third parties they do business with.

A federal appeals court has set the stage for yet another legal showdown over the Consumer Financial Protection Bureau's structure in a major test of the bureau's authority.

It's easy to get lost in the technological complexity of "application programming interfaces," but banks need to stay focused on improving business and customer outcomes, which is the ultimate goal.

The total balance of new first mortgages originated in 2015 reached $1.82 trillion, a year-over-year increase of 42.9%, while the total number of new first mortgages originated in that same time was 7.71 million, an increase of 31.6%, according to Equifax.

A lawsuit filed by three former Hawaii Community College students last year, aimed at recovering hundreds of thousands of allegedly wrongfully collected student fees, is now set to be heard in May.

The Consumer Financial Protection Bureau's agenda is so packed it's no wonder that when Director Richard Cordray testifies on Capitol Hill, he has to tackle a huge array of subjects. Following are areas where the agency has proposals or final rules outstanding:

The U.S. Court of Appeals for the D.C. Circuit will hear oral arguments Tuesday about the Consumer Financial Protection Bureau's structure, in a case that has national implications. Even though a ruling isn't expected until the end of the year, legal experts say there are four major legal issues involved.

First Business Financial Services in Madison, Wis., has appointed David Seiler as chief operating officer. The $1.8 billion-asset holding company said Seiler will start in the newly created role on April 18.

Kearny Financial completed its IPO less than a year ago and already it has found itself in the crosshairs of Lawrence Seidman. The well-known activist is pushing for the resignation of several board members he says are overcompensated and is urging shareholders to vote against a proposal on director pay this fall.

First Midwest Bank in Itasca, Ill., announced Friday that it has hired Jo Ann Boylan, formerly of MB Financial Bank in Chicago, as chief information and operations officer.

Credit Union Service Centers of Alabama will pay a patronage rebate and dividend for the fifth consecutive year.

Fannie Mae and Freddie Mac's experiments with selling credit risk to investors are a critical element of new plan to merge the two entities and move them out of conservatorship, but what form so-called credit risk transfers take could make a big difference.

Citizens National Bank in Henderson, Texas, has agreed to buy Kilgore National Bank in Kilgore, Texas.

Federal rules for technology-based firms providing the fast-moving sector certainty and consistency would be a benefit, even if rules are suboptimal.

The findings from the California Department of Business Oversight, which also included data on interest rates and delinquencies, could be a precursor to new state regulations.