The Federal Housing Finance Agency issued a proposal Tuesday designed to exclude captive insurers from the Home Loan Bank system.

Home Depot Inc., the largest home- improvement chain, fell as much as 3.4 percent in New York trading after saying it was working with banks and law enforcement to investigate a possible data breach.

As concerns mount that Somali-Americans will lose their pipeline for sending money home, Washington's response has been marked by what critics see as secrecy, buck-passing and a lack of interagency coordination.

Home Depot is working with banks and law enforcement agencies to investigate a potential theft of its customers' credit and debit card information.

The company is opening high-tech loan production offices and using data analytics to match customers with products. But like other banks seeking to modernize, Seacoast is trying to balance short-term needs with costly long-term investments.

Banks with large mortgage operations are struggling with lower profit margins, detrimental fair-value accounting rules and new regulations that add cost. The market is discounting their stocks as a result, but many of these banks say the blanket assessment is unfair.

Six years after he lost control of the largest mortgage lender in the U.S., and days after news that the U.S. Attorney's Office in Los Angeles plans to sue him, Countrywide founder Angelo Mozilo is baffled by a new effort to punish him, proud of past triumphs and incensed by criticism.

Redwood Trust and the Federal Home Loan Bank of Chicago are revving up a program to buy and securitize jumbo loans and looking for signs that other FHLBs will participate.

New York Attorney General Eric Schneiderman has charged Evans Bancorp in Hamburg, N.Y., with deliberately failing to provide mortgages in minority neighborhoods in Buffalo.

While customers were losing faith in banks, they were falling in love with tech. Banks will have to start changing their message if they're going to catch up, according to consultant Chiaki Nishino.

New York financial regulators filed a lawsuit Tuesday against a bank that allegedly denied access to mortgage loans to predominately African-American neighborhoods in Buffalo, N.Y.

Zions Bancorp. in Salt Lake City added banking veteran John Erickson to its board.

Pacific Premier in Irvine, Calif., has raised approximately $59 million through a private placement.

As banks lower down payment requirements and graduates get a handle on student loan debt, young people in their twenties and thirties are inching back toward homeownership, according to equity research analyst Ivy Zelman. "The perception that no millennial is buying today is just false," Zelman says.

The collection agency violated the law by sending a collection letter that could have identified the debtor.

The Bank of Napa has established a relief fund for victims of the recent California earthquake, which was centered in the bank's local area.

Prudential Bancorp in Philadelphia has agreed to add a director recommended by activist investor Seidman Group.

Moody's Investors Service downgraded two servicer ratings for Ocwen Loan Servicing, reflecting additional scrutiny by regulators and concerns about the nonbank mortgage servicer's ability to ensure timely payments to bondholders.

More U.S. banks are dropping Somali money transmitters as regulators crack down on the risk of terrorist financing at remittance houses serving the war-torn East African nation. Banks are familiar with regulatory tight spots, but rarely do their responses have life and death consequences, as is the case here.

Barclays Bank is planning to open a global technology support center in McKinney, Texas.