Rep Jeb Hensarling, chairman of the House Financial Services Committee, said the panel will not accept testimony from CFPB Director Richard Cordray on the agency's semi-annual report, arguing that he was not legally appointed to the position.

Zions Bancorp. (ZION) more than tripled quarterly profits as it recorded a credit for its loan-loss provision and lowered its interest expenses.

The Consumer Financial Protection Bureau announced Monday that it was restructuring the agency to add an office that will directly deal with financial institutions and their trade groups.

Generations Bank in Seneca Falls, N.Y., plans to begin moving its critical banking applications to Compushare's C3 Cloud Computing platform.

Navy Federal Credit Union, the largest such institution in the U.S., is unlikely to be designated systemically important, according to a member of the Financial Stability Oversight Council.

The U.S. unit of the Spanish bank Banco Bilbao Vizcaya Argentaria kicked off a partnership with Christie's auction house by inviting private-bank customers to a special art exhibit in Dallas.

First Scottsdale Bank had $80 million in assets, but then it agreed to buy a $224 million-asset competitor and outbid five others to acquire a $45 million-asset bank from the FDIC.

HOUSTON, Texas — Texas Dow Employees CU quadrupled the size of its branch inside the Marathon Oil Tower, part of a major renovation to the landmark building.

Dozens of community banks have reported quarterly results. Here's what we've learned so far.

Wells Fargo (WFC) is expanding its home-lending headquarters in Iowa as it plans for growth even while the industry predicts a slowing market.

Several community banks are taking a serious look at building eco-friendly branches — not just to be "green," but to save some green, too.

Amalgamated, a New York bank that manages assets for hundreds of pension plans, has secured a $139 million settlement from News Corporation in a suit it filed against the media giant on behalf of its clients.

Equity Bancshares in Wichita, Kan., may use the Troubled Asset Relief Program to buy a stake in Blue Valley Ban Corp, an in-state rival.

After lobbying efforts on Capitol Hill failed, banks that rely heavily on deposits from Latin America are going to court to halt new regulation that requires them to report to interest paid to nonresidents.

The National Credit Union Administration has certified last month's member vote at HarborOne Credit Union in Brockton, Mass., to convert to a mutual savings bank.

A breakdown of M&A announcements in the financial services industry for the week ended April 20.

The $133 million-asset Jefferson Bancorp said Monday that it had acquired 10 branches from Carrollton that will operate under the Bay Bank name. The company has $480 million in assets and 22 branches around Baltimore.

The law firm Proskauer has lured a veteran lawyer/investment banker from UBS.

Bank of Hawaii in Honolulu missed its first-quarter earnings estimates as interest income fell.

The introduction of more private, risk-bearing capital to housing finance should expand homeownership possibilities.