The Federal Deposit Insurance Corp. claims that reports of the impending death of community banks are greatly exaggerated. Historical data tells a different story.

Wells Fargo was the largest seller of loans in pools where Fannie Mae and Freddie Mac offloaded risk through credit-linked transactions, Fitch says in a report released Wednesday.

New York regulators on Wednesday announced settlements with four companies accused of financing retail installment obligations at usurious rates of interest, ranging up to 55%, for New York consumers who sought financing for elective medical and surgical procedures.

Fannie Mae and Freddie Mac could require an additional bailout of as much as $190 billion in a severe economic downturn, according to the results of stress tests released by the Federal Housing Finance Agency.

Authorities in Vermont recently unveiled a novel approach to the crackdown on online payday lending: they sent a warning to search-engine providers and TV stations that the lenders use to advertise their products.

A federal judge in Alabama will hear arguments Thursday over a debt collection lawsuit that accuses the city of Montgomery, Ala. of jailing some residents for not paying their debts.

New York Community Bancorp (NYCB) in Westbury reported lower quarterly earnings as mortgage-related income plummeted.

Banks looking to build productive, lean-staffed branches should ensure that their work culture rewards positive employee attitudes.

First Financial Bancorp (FFBC) in Cincinnati has agreed to buy Guernsey Bancorp in Worthington, Ohio.

First Horizon National Corp. announced late Tuesday that it will pay $110 million to the Federal Housing Finance Agency to settle allegations that it sold faulty mortgages to Fannie Mae and Freddie Mac in the years leading up to housing bust.

The company had been looking for a deal for a few years and finally found one in OmniAmerican, a former credit union that converted to a stock-owned company in 2010.

John Poelker, who recently met with key investors, is using YouTube to appeal to clients who might have been spooked by executive ousters and reports of widespread financial excess at the Greenville, S.C., company.

BBVA Compass has leased space in the Charlotte Chamber of Commerce building for a loan production office.

Wells Fargo (WFC) shareholders approved compensation for John Stumpf, the chairman and chief executive, at the company's annual meeting Tuesday and also rejected a proposal to split the chairman and CEO roles.

The Government Accountability Office urged the Office of the Comptroller of the Currency and Federal Reserve Board to monitor how servicers were carrying out foreclosure prevention steps in amended consent orders.

City Holding (CHCO) in Charleston, W.Va., said Tuesday that it its first-quarter earnings rose 73% from the same period last year, to $13.8 million, as the company accelerated workouts of problem loans it inherited in two acquisitions.

Noninterest income seemed to stabilize some during the first quarter, though smaller banks are still struggling to see meaningful increases in fees.

The Missouri House on Tuesday passed legislation to eliminate renewals on payday loans and lower the amount of interest borrowers can charge.

The total limit of new credit for bank-issued credit cards led origination growth in January, followed by home equity revolving lines and auto lending, according to the latest Equifax National Consumer Credit Trends Report.

Credit Sesame and Credit Karma were among the first companies to offer credit scores at no charge. Now they're looking to do the same with products that credit card issuers have traditionally sold.