A former GSE regulator is giving a big thumbs up for the Federal Housing Finance Agency's plan to build a new securities platform that will replace the aging platforms Fannie Mae and Freddie Mae are currently operating.

A number of community banks are relying on fixed-rate loans to produce short-term profits, but the move could backfire when interest rates rise.

Toronto-Dominion will promote U.S. head Bharat Masrani to CEO once Ed Clark retires in late 2014. Organic growth and selective M&A — especially in the U.S. — will remain priorities during the lengthy transition period, the executives of the Canadian company said.

The banking industry's pace of expansion accelerated after bankers reported increased momentum in applications for commercial loans.

With the legislation, Utah becomes the 11th state to outlaw the fees, which Visa and MasterCard are now allowing for the first time.

The $1.2 billion-asset unit of NASB Financial (NASB) said late Tuesday it has named Paul Thomas to the post.

Most homebuyers are happy with their lenders but many others feel that they have been left in the dark during the homebuying process, according to a new survey.

Analysts are skeptical lenders can cut overhead fast enough to keep up with a projected collapse in mortgage volume. Some banks are intent on taking a bigger piece of the pie.

The debate over whether banks should be run by separate chairmen and chief executives has gained fresh urgency as proxy season has arrived. Even at the biggest banks, the question remains far from resolved.

Ocwen Financial (OCN) has completed its purchase of the reverse mortgage lender Liberty Home Equity Solutions from Genworth Financial (GNW).

Pacific Mercantile Bancorp (PMBC) has completed a deal that should help the Costa Mesa, Calif., company in an effort to shed troubled loans.

Bharat Masrani, 56, who currently serves as chief executive of its U.S. banking unit, will succeed Ed Clark, 67, as CEO of the parent company when Clark steps down from the post next year, Toronto-Dominion said Wednesday.

TriState Capital Holdings in Pittsburgh has filed to hold an initial public offering.

Small-business loans resulting from a government program jumped by 20% during the fourth quarter, with the Treasury estimating it has helped more than 38,000 total loans since it began nearly two years ago.

The debt collection industry is bracing for significant reform as collectors are scrutinizing their own practices ahead of the first set of examinations by the Consumer Financial Protection Bureau.

The Consumer Financial Protection Bureau has joined forces with New York City Mayor Michael Bloomberg to take a local financial protection program nationwide.

Bank deal-making faces a new hurdle as a small group of attorneys challenges a large number of buyout offers. For the lawyers, even dubious challenges can result in big paydays. For potential acquirers, the added costs and hassles are another hurdle on the way to reinvigorating the still-struggling bank M&A market.

Charter Financial (CHFN) in West Point, Ga., has received shareholder approval to become a fully public firm.

Rising home prices and the ongoing quest for new revenues are prompting lenders to take a second look at a product that fell out of fashion following the housing bust.

SAN DIEGO – Navy FCU opened its first new branch of the year – and its first “green,” or LEED-certified branch – at Marine Corps Air Station Miramar.