Distressed homeowners who obtained loan modifications fell to approximately 42,000 in February, a 5% decrease from the month before and a sign that the number of borrowers needing assistance is declining, according to the Hope Now Alliance.

JPMorgan Chase reported a 19% drop in net income for the first quarter, highlighting how much the lackluster economy and mounting regulations have cut into banks' ability to boost profits.

A South Dakota-based payday lending operation settles charges after using tribal affiliation to illegally garnish wages.

JPMorgan Chase said Friday it significantly downsized its mortgage operations while increasing the price on high loan-to-value loans to reflect higher default and servicing costs.

People who lack a credit or work history in the United States may have trouble getting a mortgage under the new qualified-mortgage rule, bankers say. A number of immigrants are self-employed, which makes it even harder to qualify.

Two former executives of Sonoma Valley Bank have been indicted for their alleged involvement in a $9.5 million fraud scheme.

BofI Holding (BOFI) in San Diego has agreed to buy certain assets and all the deposits of H&R Block Bank.

An Indiana man allegedly charged $170,000 in personal expenses to his company credit card before a supervisor discovered the wrongdoing.

A former executive at Solara National Bancorp (SLRK) could start working with an activist investor to alter the size and composition of the Lakewood Village, Colo., company's board.

Overdraft fees can wreak havoc on household finances, but innovations like B of A's SafeBalance account are a big step in the right direction, consumer advocates say.

First Commonwealth Financial (FCF) in Indiana, Pa., has a new chief financial officer.

Cordia Bancorp (BVA) in Midlothian, Va., has raised $15.4 million.

Wells Fargo & Co. (WFC), the most profitable U.S. bank in 2013, posted a 14 percent rise in first-quarter earnings as fewer customers missed loan payments.

JPMorgan Chase & Co. (JPM), the biggest U.S. bank, said first-quarter profit fell 19 percent on lower revenue from fixed-income trading and mortgages, themes that may be repeated across Wall Street next week. The shares declined 2.9 percent.

One of the largest UK debt buyers is adding jobs and moving into offices that will accommodate more than 1,000 people.

Pathfinder Bancorp (PBHC) in Oswego, N.Y., is planning to convert from a mutual thrift to a fully public holding company.

The Pennsylvania Senate has unanimously confirmed James Biery as a commissioner of the Pennsylvania Banking and Securities Commission.

The Greenville, S.C., company hired John Poelker as interim CEO and ousted its top executives less than two weeks after allegations of financial mismanagement surfaced. Poelker, known for stabilizing struggling banks, could be tasked with cleaning Certus up for a buyer.

Online lender Fundbox announced its official launch Thursday after securing $17.5 million in funding from a group of investors led by venture capital firm Kholsa Ventures.

Insight, based in Ohio, wanted to raise capital to expand its operations. Instead, it ended up talking to suitors and agreeing to sell to First Financial in Cincinnati.