BURLINGTON, Vt. – Vermont FCU has purchased a long-vacant property in Middlebury, Vt., that used to house a branch of Chittenden Bank.

A plan by Fannie Mae to slash premiums for replacement homeowners insurance has been killed by the Federal Housing Finance Agency, according to people informed of the agency's decision.

Citizens Bank of Kansas is seeking to switch from a national to a state charter.

Consumer credit reports contain many errors, causing some consumers to pay higher rates for loans, the Federal Trade Commission said Monday.

A new federal rule issued by the Department of Housing and Urban Development on housing discrimination will likely make it harder for banks to prevail in fair-lending disputes.

The Consumer Financial Protection Bureau will require some mortgage servicers to develop general plans for avoiding complications arising from the transfer of servicing rights.

The stress of margin compression, combined with the need to generate additional income to maintain investors' return on equity hurdles, is driving more and more community banks into riskier activities.

Individuals who blew the whistle on a mortgage fraud scheme that ended up costing JPMorgan Chase (JPM) $296 million in fines have about three months to prove that their information helped lead to the settlement with federal regulators.

CEO Hugh Potts says the Mississippi company's sale to Renasant will help investors recoup 75% of 2006 value.

Karen Mills is stepping down as the head of the Small Business Administration. On her watch the agency supported $106 billion of loans to small businesses, including a record $30.5 billion in fiscal year 2011.

Losses at Anchor BanCorp Wisconsin (ABCW) in Madison narrowed slightly last quarter as its credit quality improved.

Legislation introduced in several states would ban surcharges on Visa and MasterCard credit card purchases, potentially undercutting a concession retailers won in a proposed legal settlement.

United Community Banks in Blairsville, Ga., has renewed its contract with Fiserv and added the fintech company's debit card services.

A cashless society is all well and good. But without the option of private, untraceable payments, life would become unbearable and institutions like marriage and religion could suffer.

Prices for single-family homes climbed in almost 88 percent of U.S. cities in the fourth quarter as the housing recovery broadened.

Commerce Bancshares in Kansas City, Mo., has promoted John Kemper to president and chief operating officer. The $22.2 billion-asset company said Friday that Kemper succeeds his father, David, who remains its chairman and chief executive.

Flagstar Bancorp (FBC) has set aside $161 million to cover lawsuits over its mortgage-underwriting practices.

Ally Financial, the second-largest remaining investment by the Treasury's Troubled Asset Relief Program, will repay the U.S. by 2014 on the strength of its auto-finance business, CEO Michael Carpenter said.

As the New York company books more loans, it is also relying less on mortgage-backed securities.

SAN LUIS OBISPO, Calif. – SESLOC FCU has installed surcharge-free ATMs in Spencer’s Fresh Markets in Santa Maria and Morro Bay.