More than $5.4 million will be mailed to consumers and businesses who were victimized by a massive fraudulent operation that placed unwanted charges on their telephone bills.

While the statistics seem grim, there are many reasons why banks should still enter the student loan market.

Cathay General Bancorp (CATY) in Los Angeles has finished buying back the shares it issued to the Treasury Department under the Troubled Asset Relief Program.

The Department of Housing and Urban Development on Monday issued its own proposed rule defining what constitutes a "qualified mortgage," that has two exceptions to the existing QM rule finalized earlier this year by the Consumer Financial Protection Bureau.

The $483 million-asset company issued 370,000 shares of common stock to a prominent financial institution investor, according to a press release Monday. The investor was not named in the release.

Regulators and financial firms must listen to each other and work together to protect the interests of customers and stakeholders. Only then, will they be able to build a safe and sound financial system.

The banking regulators will remain open in the event of a government shutdown, but the ongoing fiscal battle in Congress could still have significant implications for the financial services industry.

The state has reached a settlement with five payday lenders under which they would be prevented from collecting on certain loans and pay restitution to customers, Eric Schneiderman's office announced Monday.

Bank fees have reached record highs this year, according to a fall survey from Bankrate.

Solera National Bancorp in Lakewood, Colo., has ended a months-long search for a new leader.

Technical glitches have marred the rollout of Acxiom's consumer data website, but CEO Scott Howe remains undeterred in his effort to give consumers a greater say regarding the reams of information that banks and other companies are collecting about them.

The Federal Deposit Insurance Corp. took action against three banks in August and released one bank from a consent order.

The threat of Basel III-related dividend restrictions could make it harder for the more than 2,000 banks with S corporation tax status to attract investors. S Corp banks were already on the decline.

Lenders can get a jump on compliance with the new qualified mortgage rule with a test from mortgage technology vendor Interthinx.

CommunityOne Bancorp in Charlotte, N.C., has been freed from the threat of prosecution for allegedly ignoring a $40 million Ponzi scheme run by a customer.

PayPal's $800 million purchase of Braintree is only the beginning. How PayPal decides to integrate the six-year-old processor could matter a lot to banks.

Homebuyers’ use of flawed automated valuation models creates an artificial drag on values during recoveries, amplifies appreciation during booms and results in a wide bid-ask spread that delays or torpedoes sales.

The chairman of City National Corp. in Los Angeles is passing the role to his son.

Bridge Bancorp in Bridgehampton, N.Y., has agreed to buy FNBNY Bancorp in Merrick, N.Y.

Alcoa Tenn FCU makes no bones about why its Fairview branch is successful-business is booming thanks to the big retail store right across the street.