The National Pawnbrokers Association argues that its members have been unfairly swept up in the Justice Department initiative known as Operation Choke Point. But banks say Choke Point's not to blame: they're closing the accounts of cash-intensive businesses in order to ensure compliance with anti-money-laundering rules.

Federal regulators fined the mortgage servicer Green Tree Servicing $63 million in penalties and restitution on Tuesday, alleging that it mistreated borrowers at risk of foreclosure and failed to honor modifications of loans transferred from other servicers.

Rep. Patrick McHenry said Democrats' resistance to passing certain regulatory relief measures is due to a leftward shift.

MB Financial's first-quarter profit rose nearly 71% from the same period last year, but lower-than-expected loan growth and expenses related to its acquisition of Taylor Capital late last year caused it to miss earnings-per-share projections.

The Oregon House of Representatives on Tuesday is reviewing a bill that would place new, stronger requirements on debt buyers that file collection lawsuits.

AT&T and Verizon aren’t doing enough to protect customers from robocalls, according to Consumers Union, the policy and advocacy arm of Consumer Reports.

Cost and margin pressures drove down quarterly profits at Regions Financial in Birmingham, Ala.

The 114th Congress is again considering legislation to allow borrowers with outstanding student loan debt to refinance at rates set for new borrowers.

Rabobank in Roseville, Calif., has agreed to sell a branch in California to Plumas Bancorp in Quincy, Calif.

TCF Financial in Wayzata, Minn., reported lower profits because of a decline in fee income and flat performance in its loan book.

Fifth Third Bancorp in Cincinnati reported higher first-quarter profit as higher fee income and lower expenses offset a decline in net interest income.

Synovus Financial in Columbus, Ga., posted higher quarterly earnings as its loan-loss provision continued to decline.

A pair of senior banking analysts has left Sterne Agee to join Piper Jaffray. Mathew Kelley and Matthew Breese will oversee Piper Jaffray's equity research for depository institutions in the Northeast.

Google will provide deposit insurance backing for funds stored with its wallet service, positioning the technology giant along with stored-value providers that use the FDIC's "pass-through" coverage. Here's why that matters.

Golden State regulators want to bar Internet lenders from linking electronically to borrowers' bank accounts and instead require them to accept paper checks as repayment. The proposal is a technological step backward, and it could ultimately force many online lenders to pull out of the nation's largest state.

Google Wallet is making a significant change in how it handles funds, in the latest of a series of moves that gives Google a stronger footing against Apple Pay's rising tide.

As branch transactions continue to decline, banks are increasingly requiring expertise in an area they paid less attention to in the past: digital design. BBVA and Capital One's recent purchases of user-experience and design firms underscore the increasingly important trend.

Chemical Financial has retooled its organizational structure as part of the Midland, Mich., company's succession planning.

Californians are entering the fourth year of drought, forcing bankers to seriously consider the long-term implications for farmers and other industries. In some instances, banks are reviewing and changing underwriting practices to address risk.

WASHINGTON — The Consumer Financial Protection Bureau said Monday that it has ordered Fort Knox National Company to pay more than $3 million in restitution on grounds that a subsidiary hid certain fees charged to servicemembers.