U.S. Bancorp (USB) has promoted P.W. Parker to vice chairman and chief risk officer, the Minneapolis company said Thursday.

The Federal Reserve Board has approved a delayed merger between United Bancshares in Charleston, W.Va., and Virginia Commerce Bancorp in Arlington.

Federal regulators on Thursday issued a final rule that exempts some mortgage loans and refinances from appraisal requirements established under the Dodd-Frank Act.

Banking groups fear the Consumer Financial Protection Bureau is already gearing up to write tough new rules restricting the use of arbitration clauses despite promises by agency officials that a study on the issue was only "preliminary" and not designed to pass judgment.

Buyers of failed banks and the Federal Deposit Insurance Corp. have mutual interests in closing out loss-share agreements even before they are due to sunset in coming years.

Bank of America Corp.'s Merrill Lynch agreed to pay about $131 million to settle U.S. regulatory claims it failed to tell investors that hedge fund Magnetar Capital LLC had a role in selecting assets for two 2006 mortgage-backed securities.

Before agreeing to sell itself to East West, the Houston company tried to connect with Chinese banks. Could other banks follow MetroCorp's lead?

The first new bank in three years recently cleared the hurdles necessary to open its doors. To do so, Bank of Bird-in-Hand's backers had to file 18 inches of paperwork, raising the question of whether regulators have become so strict that they'll encourage financial innovators to go elsewhere and leave community banks to languish.

The founding chairman of U.S. Century Bank in Miami will step down.

JPMorgan Chase (JPM) has distributed close to $90 million to customers through a rewards program for those who have both a checking account and a mortgage with the bank.

Mortgage delinquencies are likely to fall in 2014 as late payments on credit cards rise, according to an annual forecast from TransUnion.

BBX Capital in Florida, which sold BankAtlantic to BB&T last year, has added Hoffman's Chocolates to its wide-ranging holdings.

Banks may want to think twice before introducing new fees and increasing charges, according to a new survey from MoneyRates.com.

Croghan Bancshares (CHBH) in Fremont, Ohio, has bought Indebancorp in Oak Harbor.

Credit card delinquency rates are expected to rise nearly 10% from 1.51% in Q4 2013 to 1.66% in Q4 2014, according to TransUnion, which also released mortgage delinquency rate forecasts.

Thousands of consumers scammed by Nevada-based payment processor Automated Electronic Checking (AEC) Inc. will get some of their money back as a result of a lawsuit and settlement reached with the Federal Trade Commission.

BankUnited (BKU) in Miami Lakes, Fla., has promoted Mark Bagnoli to become its chief risk officer.

The challenge of how to responsibly extend small-dollar credit can be met, and it starts with knowing the needs of the borrower.

Banks' reputations have started to recover from the beating they took after the financial crisis, according to several recent surveys. American Banker reporters discuss how better technology has helped banks' customer satisfaction levels return to pre-crisis levels, despite ongoing reputational issues for some of the biggest banks.

Consumer spending growth slowed in November despite strong holiday retail sales on Thanksgiving and the next day, according to First Data Corp., a global payments processing and electronic commerce company.