Bryn Mawr Bank in Bryn Mawr, Pa., has bought Robert J. McAllister Agency. The $2.2 billion-asset company did not say what it paid for the Philadelphia-area insurance and risk management agency.

The shift in market composition is fueling concerns that if defaults rise, the Federal Housing Administration would have a harder time making lenders eat the losses on poorly underwritten loans.

A key deadline for anti-fraud card technology is prompting more retailers and banks to take a hard look at mobile payments platforms.

Merchants are making a new argument in their years-long battle with banks over swipe fees, saying Apple Pay has locked them out of additional routing options mandated by Dodd-Frank.

DNB Financial in Downington, Pa., has formed a business banking services division.

Millennials were rocked by the Great Recession and excessive student loan debt. Now older members of this generation are finally coming into their own — which means they're also getting mortgages, opening credit cards and saving for retirement.

The Center for Responsible Lending (CRL), in a recent study of payday lending in one state, found that nearly half of all borrowers default on a loan within their first two years of borrowing.

Marketers who helped promote an alleged home loan modification scheme will be banned from the mortgage relief and debt relief industries under a court settlement.

Four Oaks Fincorp in North Carolina has a new president.

HMN Financial in Rochester, Minn., has agreed to buy certain assets and liabilities of Kasson State Bank.

BOK Financial in Tulsa, Okla., has named its new chief credit officer.

An "unexpected" regulatory delay has forced M&T Bank in Buffalo, N.Y., and Hudson City Bancorp in Paramus, N.J., to delay their merger for the fourth time.

Fees for prepaid debit cards have shifted in the last year, with some transaction charges becoming less common while automated-teller-machine fees rose, according to a new study.

Fees for prepaid debit cards have shifted in the last year, with some transaction charges becoming less common while automated-teller-machine fees rose, according to a new study.

IMGCAP(1)]

The last Australian bank providing remittances to Somalia stopped this week, mirroring similar pullouts by U.S. banks that have endangered a crucial source of financial support for the African country.

Industry groups are crying foul over how a Consumer Financial Protection Bureau proposal to regulate prepaid cards would affect overdraft services and treat virtual currencies.

FICO and two data partners are testing a credit score based on alternative data that could help banks take smarter risks on borrowers with limited credit histories, but bankers' cost concerns and adherence to traditional methods present big hurdles.

San Diego Private Bank in Coronado, Calif., is set to have a new president and chief executive.

Union Bank of Switzerland (UBS) has joined the ranks of cryptocurrency enthusiasts.