Under a rule released Tuesday, the CFPB will begin examining any nonbank servicer that handles more than one million student loan borrowers — a category that currently includes seven firms and accounts for 70% of the market.

NCR has been working to become a "hardware-enabled, software-driven business" for eight years. With its purchase of online and mobile banking vendor Digital Insight and transaction switching and fraud detection software company Alaric Systems, it's taken a big step forward.

ServisFirst Bancshares in Birmingham, Ala., has raised about $10.4 million through a private placement.

BALTIMORE — Advance Bank shareholders have approved the proposed sale of the institution to Municipal Employees CU of Baltimore, and the credit union will take control of the bank Dec. 12.

NCR Corp. has agreed to purchase Menlo, Calif.-based Digital Insight Corp. for $1.65 billion. Separately, NCR also completed a purchase of Alaric Systems in London for $84 million.

The $126 billion-asset company plans to redeem the notes, and pay about $10.3 million in unpaid dividends, on Dec. 30, it announced last week.

More than 10 months after agreeing to pay a $10 million penalty to its regulator, TCF Financial (TCB) has officially been released from an enforcement order related to its monitoring of suspicious transactions.

The National Fair Housing Alliance has accused big banks of discriminating against minorities in the upkeep of foreclosed properties and is seeking millions in settlements — mostly for itself. Behind its demands are faulty data and grants overseen by a federal official with close ties to the group.

If you are a small bank willing to sell for cash, there's an increasing chance a large credit union might be interested in making you an offer.

Big banks are getting surprisingly good grades for customer satisfaction, despite lingering scandals and waves of new fees since the financial crisis, according to J.D. Power. Big banks' better technology and efforts to improve their customer service have off-set some of the reputational issues affecting them, J.D. Power executive Rocky Clancy explains.

The Farm Credit Administration will also withdraw a proposal that would have allowed its lenders to make investments in non-agricultural businesses.

United Bancshares (UBSI) in Charleston, W.Va., and Virginia Commerce Bancorp (VCBI) in Arlington have pushed back the deadline for their merger as they await final regulatory approval.

The Federal Deposit Insurance Corp. took action against six banks and freed a dozen from orders in October.

New York's city council recently voted to allow campaign contributions to be made by text message.

Canada's largest lenders, whose shares soared to record highs last month, are banking on wealth management to help counter a capital markets slump and weaker consumer borrowing.

The chief financial officer of First Commonwealth Financial (FCF) in Indiana, Pa., is retiring.

Seacoast Banking Corp. of Florida (SBCF) in Stuart plans to redeem its $50 million of outstanding Troubled Asset Relief Program shares.

The insurance subsidiary of Old National Bancorp (ONB) in Evansville, Ind., is taking over a group of accounts from Wells Fargo's (WFC) insurance unit.

Bank M&A activity has been lackluster in most parts of the country. It will probably stay that way, since so many banks are too small for buyers to bother with.

Bank of America, the second-biggest U.S. lender, agreed to pay government-backed Freddie Mac $404 million to resolve mortgage-repurchase claims.