Bank of America, Citigroup and JPMorgan Chase all received failing grades on Fannie Mae's test of mortgage servicers based on overall performance, customer service and foreclosure prevention efforts.

Bankers pointed to still-tepid credit demand as lending lost momentum in the first quarter, and worries over deteriorating standards and pricing.

PayPal's long-watched partnership with Discover, which will allow Discover merchants to accept PayPal payments at the point of sale, is on track to launch April 19.

Even though prepaid cards are already widely considered a product for the underbanked, usage patterns are showing more clearly just how different prepaid card users are from bank customers.

David Rom, who helped found the $156 million-asset bank in 2006, stepped down as CEO on April 1, according to a report published Tuesday in the Minneapolis / St. Paul Business Journal. He was replaced by Tom Jacobson, who was the bank's chief operating officer.

What's the most inane complaint your bank has ever received?

A lack of communication allowed a number of banks to use funds from the small-business lending program to pay dividends or exit Tarp, Christy Romero wrote in a report issued Tuesday.

Wells Fargo will pay $850,000 to settle a class-action that charges the company docked workers' pay for credit checks that did not result in loans.

A spike in stock prices and lingering capital concerns should make bankers wary of buying back shares in the near term.

There were more deals announced in the Midwest than in any other U.S. region last year.

Uwharrie Capital Corp. (UWHR) in Albemarle, N.C., has repaid more than three-fourths of the money it took through the Troubled Asset Relief Program.

New York Gov. Andrew Cuomo is demanding that Fannie Mae and Freddie Mac change rules to ensure that several thousand homeowners who got a temporary reprieve from paying their mortgage after Superstorm Sandy do not face a sudden spike in payments.

Mainstream banks have shied away from loans on manufactured homes because of high default rates, but a nonprofit group is asking them to take another look at the niche.

As regulatory scrutiny of third-party vendors is increasing, banks must improve their research and monitoring of the business they outsource.

Midwest BankCentre in Lemay, Mo., has warned its customers of a security breach, possibly involving its third-party vendors.

Mortgage servicers tied to the independent foreclosure review settlement will begin sending the first wave of $1.2 billion in checks to troubled borrowers on Friday, federal regulators said.

An honest debate over our "too big to fail" problem and a sound policy response are incompatible with a wait-and-see approach to the laws already on the books.

Rising stock prices, rebounding profits, restored dividends and a growing economy are signaling to U.S. banks it's time for more job cuts.

MasterCard faces a European Union antitrust probe into bank fees on foreign card payments such as when tourists go shopping in the 27-nation bloc.

Charter Financial Corp. in West Point, Ga., has converted to a fully public company.