WASHINGTON — NewDay Financial has agreed to a $2 million fine after the Consumer Financial Protection Bureau alleged that the mortgage lender engaged in an improper kickback scheme and used deceptive marketing tactics targeted at veterans.

LONGVIEW, Texas — East Texas Professional CU saw member sales increase at the same time average visit times decreased after implementing a new lobby tracking system.

New York resident Nadia Figueroa pleaded guilty Tuesday for her role in stealing customer data while employed as a JPMorgan Chase bank teller. The scheme netted $850,000.

A Switzerland-based firm on Tuesday acquired Akcelerant, a U.S.-based financial software provider active in the accounts receivable management space.

Consumer borrowing - including credit card balances, student loans and auto loans - increased in December, according to the Federal Reserve’s monthly consumer credit report.

A total of 952 members of the U.S. armed forces will receive $123.4 million from a settlement with five mortgage servicers announced Monday by the U.S. Justice Department.

Citizens & Northern Corporation in Wellsboro, Pa., has named J. Bradley Scovill its new president and chief executive officer.

Bankers originally needed to shorten their hours in order to allow for the laborious paperwork involved in processing financial transactions. Now there’s no such justification for closing shop.

Corporate Insight's yearly awards for banks' online services show that financial institutions may have decided to throw all their eggs into the mobile basket to the detriment of their websites -something the firm warns is a mistake.

Bank Mutual Corp. is planning to close seven branches in Wisconsin.

Apple's mobile wallet has been out for just four months, and already it has shaken up the way mobile payments operate at the point of sale. It has faced pushback from some merchants and banks, but it has also popularized new forms of security and other payment technology.

The online loan marketplace Lending Club has formed a partnership with a nationwide network of community bankers.

Wilshire Bancorp in Los Angeles has agreed to buy Manhattan Bancorp's mortgage lending division.

NCR has launched a new automated teller machine in North America designed to improve the consumer experience and reduce costs associated with operating the ATM network.

The Consumer Financial Protection Bureau is raising concerns about the transparency and clarity of reverse mortgages based on more than a thousand complaints it received about the product.

The bank's most recent ATM update offers something novel: customers can redeem their credit card rewards for cash or deposit them in other accounts at its 12,500 ATMs.

The Puerto Rican bank faces a deadline to raise capital or sell itself. With recapitalization a challenging prospect, here's a look at how other scenarios could play out.

The Pennsylvania Department of Banking and Securities has freed Orrstown Bank in Shippensburg from all enforcement actions related to its recent credit troubles.

It's a mortgage on top of a mortgage, and at least one lender is making these loans again through brokers.

The FTC has issued a report detailing recent collection industry enforcement actions. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the CFPB must submit annual reports to Congress on the Fair Debt Collection Practices Act.