Expert Global Solutions, the holding firm for collections giant NCO Financial, is selling part of its accounts receivable management business to a private equity firm. Financial details of the pending deal were not disclosed.

The FTC and CFPB will co-host a roundtable in October to examine how debt collection issues affect Latino consumers, especially those who have limited English proficiency.

Debt buyer Portfolio Recovery Associates has acquired Aktiv Kapital AS, a Norway-based accounts receivable management company, in one of the largest deals in accounts receivable management history. The combined companies will be called PRA Group.

U.S. Bancorp, the nation's largest regional lender, reported second-quarter profit that beat analysts' estimates as the company set aside less money to cover losses and commercial loan growth accelerated.

PNC Financial Services Group Inc., the second-largest U.S. regional bank, reported a profit that beat analysts' estimates as expenses declined and the company set aside less money to cover soured loans.

Bank of America Corp., the second- biggest U.S. bank, said profit declined 43 percent as it spent $4 billion to cover litigation costs, including a mortgage settlement with American International Group Inc.

Smaller banks are disproportionately affected by regulation, forcing some to consider selling or to rethink their strategy, two community bankers argued before Congress.

Farmers & Merchants Bank (FMBM) in Timberville, Va., plans a preferred stock offering to raise $9.5 million.

First Commonwealth Financial Corp. (FCF) in Indiana, Pa., has launched a new residential mortgage banking division.

WASHINGTON — A new analysis by the American Action Forum examines the cumulative costs and paperwork burdens of the Dodd-Frank Act roughly four years after the financial reform law's passage.

The industry is slowly turning to valuations based on earnings rather than tangible book value, raising concerns that banks might feel pressure to make short-term decisions and ill-fated acquisitions.

The Virginia and West Virginia bankers associations have intensified merger discussions and could combine into a single trade group by year's end, according to a report Tuesday from Richmond BizSense.

Investors Bancorp (ISBC) in Short Hills, N.J., has broken ground on the first of four new branches it plans to open on Staten Island in New York City.

Add JPMorgan Chase CEO Jamie Dimon as a member of the league of extraordinarily optimistic bank executives, but a figure deep in his bank's quarterly report — a high utilization rate for commercial lines of credit — gives his predictions more credibility than his rivals'.

At a congressional hearing Tuesday, partisan lawmakers gave wildly divergent interpretations of the payment system crackdown.

Westamerica Bancorporation (WABC) in San Rafael, Calif., reported another decline in quarterly profits as low interest rates continued to reduce yields on loans and investment securities.

The Fed Chair tells lawmakers she's "very positive on the idea of having a community banker appointed to the Board," but against requiring it by legislation.

Washington Federal (WAFD) in Seattle reported increased quarterly earnings after buying dozens of branches from Bank of America (BAC).

The Federal Deposit Insurance Corp. has proposed tailoring its system for pricing banks' insurance premiums to correspond with new Basel capital requirements.

JPMorgan Chase Chairman and CEO Jamie Dimon, recently diagnosed with throat cancer, told analysts that the Wall Street bank has an "exceptional group of executives" who could replace him someday — but that that won't be happening any time soon.