The payments network will now allow merchants to offer discounts to customers who use specific cards, as new CEO Charles Scharf rethinks how Visa does business.

Ken Lehman is buying outsized stakes in community banks, using his personal funds and often introducing himself to CEOs with a direct phone call.

The number of community banks under enforcement actions fell in January, as the Federal Deposit Insurance Corp. ended 16 orders and issued five on the month.

JPMorgan Chase (JPM) is raising another round of questions about a lawyer who works for the New York attorney general, which has sued the company over the mortgage conduct of Bear Stearns.

Startups are trying to reinvent the much-maligned payday loan, using Big Data to develop algorithms that can better predict who will default so they can cut the price of short-term, small-dollar credit. But consumer advocates continue to object to these products. Banks have an opportunity to partner with these new entrants, but reputational risk may discourage them from doing so.

First South Bancorp in Washington, N.C., is purging a series of bad loans.

Bank of Commerce Holdings (BOCH) in Redding, Calif., has elected two directors after the death of its chairman.

Shareholders of NewBridge Bancorp (NBBC) have authorized a series of changes to the Greensboro, N.C., company's stock related to a recently completed $56 million capital raise.

United Community Banks in Blairsville, Ga., has amended its fourth-quarter and 2012 results to reflect a legal settlement.

MECHANICSBURG, Penn. – Members 1st FCU is continuing its expansion with plans to open five new branches this year.

First Sound Bank (FSWA) in Seattle has bought back its Troubled Asset Relief Program shares after raising nearly $8 million.

Citigroup (NYSE:C) whose shareholders rejected its former leader's pay package, gave new Chief Executive Officer Michael Corbat an $11.5 million compensation deal for 2012.

The $121 billion-asset company based in Birmingham, Ala., said Thursday that Grayson Hall, the company's chief executive, will succeed Earnest Deavenport Jr. as chairman when Davenport retires on May 16.

The acquisition by TSYS of prepaid card company NetSpend means the payment processor will manage a delicate balance between being a vendor to banks and being a consumer-facing company.

The New York credit card company said Thursday that it has added Anne Lauvergeon, a partner at Efficiency Capital, and Samuel Palmisano, the retired former chief executive of IBM (IBM), as directors.

Consumer advocates remain frustrated with servicers for not offering more principal write-downs and loan modifications to help borrowers stay in their homes.

A side deal struck with the three largest mortgage lenders continues to benefit underwater borrowers in the Golden State, according to the agreement's monitor.

Americans racked up less credit card debt in the fourth quarter but more people fell behind on their payments.

KeyCorp's decision to sell Victory Management puzzled some, who asked why jettison a fee-based business and whether it might buy or sell some branches.

Warren Buffett has long been the biggest shareholder of Wells Fargo (WFC), and now the San Francisco company represents the biggest piece of his portfolio.