A bill by Minnesota's Rep. Keith Ellison would cap the mortgage interest deduction at the first $500,000 of a home loan and use the anticipated savings to invest in low- and moderate-income housing.

WASHINGTON — The federal bank regulators on Monday proposed several revisions to their guidance for complying with Community Reinvestment Act regulations.

Rents for single-family homes are rising slower than property prices as firms such as Blackstone Group flood the market with homes for lease, posing risks to investors betting billions on the burgeoning market.

HarborOne Credit Union in Brockton, Mass., is on its way to becoming a mutual savings bank.

Consumer bankers are reluctant to start charging customers new fees for existing products. But Capital One's Jonathan Witter pointed to the flexibility banks offers in pricing business-banking products as an example of how they could generate more fee revenue on the consumer side.

Heritage Financial is paying 1.5 times tangible book value for Valley Community, but the markets welcomed the deal because Heritage expects to slash the seller's expenses as much as 50% because of market overlaps.

Banks, thrifts and credit unions brought in $32 billion in overdraft revenue last year, a 1% increase from 2011, according a new study.

HSBC agreed to sell its Canadian store card unit to Toronto-Dominion Bank as it closes its consumer-finance business in the country.

U.S. Bancorp (USB) has agreed to purchase Deutsche Bank's (DB) municipal bond trustee business.

A number of bank chief executives have ties to teams in this year's NCAA men's basketball tournament. Here are some prominent examples.

Bankers who were at last week's convention are considering ways to expand social media use and offer new products that will not run afoul of regulators.

Capital requirements for community banks should be raised outside of the Basel III process and through a much more simplified system of risk-weighted assets.

Goldman Sachs (GS) endured a setback Monday when the U.S. Supreme Court refused to hear the company's appeal of a lower-court decision involving securities backed by residential mortgages.

A dissident investor's candidate has joined the board at First Financial Northwest (FFNW) in Renton, Wash., ending a costly legal dispute.

The biggest challenge facing bankers these days is not regulation or economic sluggishness. It's figuring out how to charge for products and services that bank customers have grown to expect for free, says PNC's CEO-in-waiting William Demchak.

Starbuck Bancshares has sweetened the consideration it will pay for PremierWest Bancorp (PRWT) in Medford, Ore.

The Federal Deposit Insurance Corp. has terminated a consent order issued to Saehan Bank (SAEB) in Los Angeles.

First Citizens BancShares (FCNCA) in Raleigh, N.C., is preparing to spend millions of dollars to improve its information technology platform.

Landmark Credit Union may buy Hartford Savings Bank in Wisconsin, the National Credit Union Administration board decided Thursday.

Top bankers went out of their way to praise the Consumer Financial Protection Bureau and its Director, Richard Cordray, at American Banker's Retail Financial Services Conference. Despite the happy talk, they stopped short of calling for the GOP to end its opposition to the bureau or for Cordray's directorship to be made permanent.