Federal and state regulators announced legal action Wednesday against foreclosure relief defendants that used deceptive marketing tactics to collect illegal fees from struggling homeowners.

Federal and state regulators announced legal action Wednesday against foreclosure relief defendants that used deceptive marketing tactics to collect illegal fees from struggling homeowners.

A deal between two Massachusetts banks is expected to close ahead of schedule after the selling bank's shareholders approved it Tuesday.

UMB Financial in Kansas City, Mo., relied on strong investment-services and other fees to boost earnings last quarter.

The Department of Veterans Affairs' residual income test would give lenders more confidence to make riskier loans, according to an Urban Institute study.

Chemical Financial's profits surged in the second quarter compared to last year, due to strong loan growth and fewer chargeoffs.

Flagstar Bancorp in Troy, Mich., reported quarterly earnings that significantly surpassed Wall Street's expectations.

Shares of Fulton Financial fell early Wednesday after the Lancaster, Pa., company reported second-quarter results that missed expectations.

A text message spammer and his company settled federal charges of sending millions of text messages and trolling for personal financial information.

Metro Bank Chairman Vernon Hill compared his banks's focus on innovation to what Apple achieved in the technology industry, as it looks to take on Britain's biggest lenders.

New York Community Bancorp's quarterly profit slipped from a year earlier despite strong loan growth and gains from property sales.

Ohio Attorney General Mike DeWine is facing criticism for his handling of collection contracts after a report found companies were giving campaign donations while the state was reviewing bids for the work.

Zuman, a cloud-based human resource outsourcer, has partnered with BitPay to allow its business clients to pay their employees in bitcoin.

F.N.B. in Pittsburgh is reaping the benefits of its recent expansions into other major cities. The $15 billion-asset bank reported a second-quarter profit of $34.8 million, an increase of 19% from the year-earlier period.

Sixteen banks, along with John Eggemeyer and Tim Chrisman, raised $6.3 million to keep the Hispanic-focused bank from failing.

Discover Financial Services reported a rise in quarterly profits Tuesday on strong growth in its loan portfolio.

Codorus Valley Bancorp in York, Pa., has agreed to buy Madison Bancorp in Baltimore.

ASB Bancorp in Asheville, N.C., has repurchased a block of stock from funds tied to activist investor Joseph Stilwell.

Mercantile Bank in Grand Rapids, Mich., reported a significant decline in earnings that was largely tied to merger-related costs.

City Holding in Charleston, W.Va., reported slightly lower quarterly profit because of a shrinking net interest margin and fewer gains from prior acquisitions.