United Credit Recovery LLC, a Florida-based financial firm, allegedly attempted to collect overdue debts from consumers by creating phony legal documents that included cut-and-paste bank logos, according to a lawsuit filed by Minnesota Attorney General Lori Swanson's office.

Allowing a further transition period of nine to 12 months would better ensure complete compliance with all the requirements. Meanwhile, community banks will be able to continue providing the safe and solid mortgage loans they are known for.

EverBank Financial Corp. (EVER) in Jacksonville, Fla., has agreed to sell its default mortgage servicing platform, along with more than $20 billion in rights, to a subsidiary of Walter Investment Management.

WASHINGTON - State regulators in Florida closed the $25 million-asset Bank of Jackson County, located in Graceville, the 23rd institution to fail this year.

The $1.7 billion-asset company submitted a shelf registration with the Securities and Exchange Commission on Wednesday that would allow it to sell up to $150 million of equities or debt.

The bank's new credit card commercial, featuring the actor Samuel L. Jackson and a mild profanity, sparked an online backlash from a conservative watchdog group and customers threatening to close their accounts. Now Capital One has released a G-rated version.

Carrington Mortgage Services in Santa Ana, Calif., is looking to acquire loans from banks and credit unions.

TFS Financial Corp. (TSFL) in Cleveland posted a huge spike in quarterly earnings as improved credit quality prompted the company to slash its loan-loss provision.

Visa posted a fiscal fourth-quarter profit that matched analysts' estimates as U.S. retail spending strengthened.

The 92-year-old thrift is doubling down on home lending after its mortgage unit posted a net loss of $2.2 million in the third quarter.

Payday loans cost U.S. families an estimated $3.4 billion in fees annually, according to the Center for Responsible Lending.

Santander Bank, which recently changed its name from Sovereign Bank, casts Robert De Niro as an annoying moviegoer in an advertisement for its new checking account that offers a monthly bonus of $20.

While many retailers start year-end holiday promotions in September, or earlier, a TransUnion study found most consumers wait until later in the year to make the bulk of their holiday season credit card purchases.

The Securities and Exchange Commission recently lifted its ban on advertising private stock offerings, and it's just in time for community banks that are struggling to attract money from sophisticated investors to bolster capital and avoid selling out to other banks.

VantageSouth Bancshares (VSB) in Raleigh, N.C., reported an increase in its third-quarter profit on higher lending income, but still missed analysts' earnings projections.

First Financial Corp. (THFF) in Terre Haute, Ind., reported a 5% increase in third-quarter profit as its provision for loan losses decreased.

Park National Corp. (PRK) in Newark, Ohio, beat quarterly earnings estimates after its asset quality improved.

Since building loyal customers requires making changes across all areas of the organization, 'loyalty' or customer experience management programs should be geared towards change management, not market research.

Bank of America (BAC) has appointed a wealth management executive to lead its Denver operations.

Baylake Corp. (BYLK) in Sturgeon Bay, Wis., has been approved to join the Nasdaq.