Jeffrey Brown, suddenly elevated to CEO of Ally Financial, will have to accelerate the auto lender's diversification plan started by his predecessor, Michael Carpenter. Brown will need to explore new sources of originations, funding and investments.

Two community banks on Tuesday disclosed plans to raise capital by selling subordinated debt.

The Dallas-based subprime auto lender lowered its provision for losses in the fourth quarter even as delinquencies and chargeoffs continued to creep up.

Studying borrowers' credit characteristics and tightening quality control are more important to how mortgages perform than the size of down payments.

M&T Bank used hidden racial criteria to steer first-time home buyers into certain neighborhoods and particular lending programs, according to a housing group that sent women of various races to apply for loans.

The Federal Housing Administration's new foreclosure relief options for nonborrowing spouses of reverse mortgage customers will increase loan servicers' costs, and some question how many consumers they will actually help.

Management training programs are slowly returning to smaller banks decades after belt-tightening led to their demise. Rigorous regulatory scrutiny, combined with a need for improved risk management and increased income, are spurring the comeback.

WASHINGTON — The Consumer Financial Protection Bureau is seeking to permanently ban a credit provider in Texas from offering any services because of allegations that it ran a "sham credit card" business.

Lenders have purged bad loans and low interest rates are fueling new projects. Yet many bankers still view C&D loans as risky and are eager to stress that they will steer clear of the boom.

The Consumer Financial Protection Bureau and the U.S. Department of Education announced Tuesday more than $480 million in forgiveness for borrowers who took out Corinthian College’s high-cost private student loans.

The San Antonio financial services provider says 101,000 members have already logged into mobile banking with a spoken phrase or a selfie. It may be a sign that after 50 years, biometric authentication is finally hitting the mainstream.

Two defendants who took part in an alleged multi-million dollar telemarketing fraud targeting seniors, a scam that included withdrawing money from their accounts without authorization, agreed Tuesday to settle Federal Trade Commission charges.

WASHINGTON — The acquirer of a for-profit college chain sued by the Consumer Financial Protection Bureau will forgive over $480 million in student debt under a deal announced Tuesday.

Premara Financial in Charlotte, N.C., has a new chief executive.

Four months after filing a complaint with its hearing officers, FINRA finally threw the book at a former JPMorgan registered representative who it claims issued unauthorized ATM cards as part of scheme to loot money from customer bank accounts.

Bank of America is poised to exit its student loan portfolio, as banks reduce their red-tape-heavy assets and redeploy cash to create loan growth elsewhere.

The CFPB's "Safe Student Banking" initiative is designed to pressure students' educational and financial institutions into offering young people narrow options.

U.S. small businesses took out more loans in December, according to a lending study released Tuesday.

TowneBank in Hampton Roads, Va., reported a lower quarterly profit due to higher costs tied to its recent acquisitions.

For the 5th consecutive year, American Banker and Discover are proud to sponsor the Young Women's Leadership Award, a college scholarship given to graduating high school seniors who have demonstrated leadership potential and are the first generation in their family to attend college. We're looking for women who work in banking or finance to serve on the Young Women's Leadership Award Advisory Board.