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.

BOK Financial in Tulsa, Okla., has hired the wealth management team of Denver Retirement Partners.

Bank managers can motivate their teams to make sales without forcing them to pounce on customers the moment they walk in the door.

Alternative finance marketplace Lending Club has entered into an agreement with the U.S. branch of Alibaba to offer financing to American businesses to buy parts from Chinese manufacturers through the Alibaba marketplace.

Ally Financial, the auto lender bailed out by the U.S. government, appointed Jeffrey J. Brown as chief executive officer, succeeding Michael A. Carpenter, who's also leaving the board.

Banner Corp. in Walla Walla, Wash., has lowered its fourth-quarter profit due to an adjustment to the its provision for income taxes.

The Federal Deposit Insurance Corp. issued five consent orders in December, according to the agency's most recent summary of enforcement actions.

Bank of America is following Wells Fargo by putting out for sale the last of its federally guaranteed student loans. The move should be positive for the bank, and in theory it may even have a chance to again reap returns tied to the loans, but without bearing all of the risk.

More than a decade after spearheading the direct banking model of offering high-yield savings accounts exclusively online at ING Direct, Arkadi Kuhlmann is trying to reboot international banking for the smartphone.