The Florida company's initial backers made a lot of money from a 2009 government-backed deal. Still, BankUnited's PE backers say the final sale of their stake in the resurrected lender is bittersweet.

More and more consumers are deciding where to bank based on how enamored they are with the bank's mobile offerings, according to a new report from AlixPartners.

The Consumer Financial Protection Bureau and Federal Trade Commission jointly filed an amicus brief in the U.S. Court of Appeals for the Sixth Circuit, arguing that a federal district court wrongly dismissed a consumer’s class action complaint against collection agency Northland Group Inc.

Fiserv Inc., which operates the Accel debit network, has agreed to make MasterCard's common application identifier technology available for routing EMV debit transactions.

1st Capital Bank (FISB) in Monterey, Calif., has hired Michael Winiarski as its new chief financial officer.

Financial firms should consider this type of rebrand if they are facing reputational issues, find their existing name is too limiting or want to convey a new image following a merger or acquisition.

The Federal Trade Commission settled a complaint against a Massachusetts-based home security company that illegally called millions of consumers on the FTC’s National Do Not Call Registry to pitch home security systems.

The Federal Reserve Board has lifted enforcement actions against four financial companies.

The Office of the Comptroller of the Currency has lifted a regulatory enforcement action against First Security Group (FSGI) unit FSGBank.

In 30 states and the District of Columbia, attorneys general are urging the Consumer Financial Protection Bureau to adopt new debt collection rules that will "better protect consumers and military service members."

A New Jersey appeals court ruled that debt buyers do not have to provide notice to consumers when debts are purchased and assigned but must prove they own the debt and the amount before they can collect. Further, electronic business records are sufficient for proof.

Innovation requires the ability to tinker, test, break and repeat. Strategy and its close derivatives increase and delay the cost of failure. Business cases, focus groups, market analysis and roadshows, among other things, divert resources and defer action.

Allstate has elected Siddharth Mehta, former CEO at TransUnion, to its board of directors.

Liberty Pawnshop & Gold LLC in Fredericksburg, Va., charged with making 54 vehicle title loans between August 2011 and February 2013 without having a valid license, reached a settlement Tuesday with the Virginia attorney general's office.

In 30 states and the District of Columbia, attorneys general are urging the Consumer Financial Protection Bureau to adopt new debt collection rules that will "better protect consumers and military service members."

A Louisiana town approved hiring collection agency American Municipal Service to pursue an estimated $750,000 in debts including unpaid court costs and utility bills. Some of the debt is up to 15 years old.

The U.S. Senate's Democratic Banking Committee Chairman, Tim Johnson, and top Republican, Mike Crapo, laid out a preliminary agreement Tuesday that adds to momentum to a bipartisan effort to reform Fannie Mae and Freddie Mac. American Banker editors discuss what behind the push's rare appeal on both sides of the aisle and the challenges its backers face in coming weeks.

Sun Home Loans in New Jersey named Theresa Trainum as its senior vice president and chief operating officer.

Sens. Tim Johnson, chairman of the Senate Banking Committee, and Mike Crapo, the top Republican, received an overall warm welcome to their agreement on housing finance reform released Tuesday, after months of negotiation.

The Michigan company is buying Nortwestern Bancorp, fleshing out a major part of its franchise map. Though Northwestern's loan portfolio has been steadily shrinking, Chemical executives expect to generate double-digit loan growth from the seller's markets.