Higher expenses made Green Dot's third-quarter profits fall 36% from a year earlier. The prepaid card issuer also said Thursday that it is adding six more products to its WalMart MoneyCard line.

The Senate Banking Committee continues to discuss housing finance reform options even as efforts to confirm Congressman Mel Watt to run the Federal Housing Finance Agency stall.

City National Corp. (CYN) in Los Angeles has announced the pricing of a $100 million public offering.

Gibraltar Private Bank & Trust in Coral Gables, Fla., has promoted Angel Medina to president.

Call it the second wave of the mortgage-refinancing collapse. Prepayment penalty income is about to crash. Hard. Especially in New York.

Some of the disclosure requirements in the landmark credit card reform law have made scant difference in nudging consumers to make more prudent financial decisions, a new study suggests.

Federal policymakers should make payday lenders structure their loans to be repaid over time, according to a report released Wednesday by the Pew Charitable Trusts.

WASHINGTON — Nearly two-dozen senators are seeking data the Consumer Financial Protection Bureau used as the basis for warning auto lenders they could be committing fair-lending violations.

The Pennsylvania company is raising $150 million. Two-thirds of it will go toward redeeming trust-preferred securities, but the remaining funds could be used to do bigger deals.

The Consumer Financial Protection Bureau got a confirmed director for the first time this year, when the Senate finally approved the longstanding nomination of Richard Cordray for the post. But the agency has also sustained the departures of high-ranking employees to law firms, consulting shops, banks and other destinations. Here's a look at some of the CFPB employees who have left in 2013, and where they have landed.

The Capital Asset Pricing Model’s value is debatable in normal times. If misapplied in today’s ultralow interest rate environment, it can severely overvalue banks and excuse poor operating performance.

Another big law like Dodd-Frank could be harmful to the mortgage market, but an incremental approach to housing finance reform might be the perfect solution.

Three federal home loan banks dropped their opposition to Bank of America's $8.5 billion settlement in a New York state court lawsuit over Countrywide residential mortgage backed securities.

MasterCard reported a third-quarter profit that beat analysts' estimates as a stronger euro helped boost revenue.

CommunityOne Bancorp (COB) in Asheboro, N.C., reported its first quarterly profit since 2008.

Debt buyer Portfolio Recovery Associates Inc. reported third quarter financial results that included record revenues of $197.8 million, up 31% from the year-ago period.

The best banks to work for often provide their employees with good benefits and flexible schedules — but they also have more specialized perks, from free rental cars to career counseling, according to American Banker Magazine's November cover story. Editor-in-Chief Heather Landy discusses what sets some banks apart in the workplace.

Mortgage servicer Ocwen Financial (OCN) in Atlanta missed Wall Street's earnings estimates because of delays in integrating servicing rights portfolios it acquired.

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.