United Community Financial (UCFC) in Youngstown, Ohio, has reduced its classified assets nearly in half through a bulk sale.

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Investors Bancorp (ISBC) will open seven branches in New Jersey as part of an ongoing effort by the Short Hills, N.J., company to emphasize commercial lending.

San Diego has joined a growing list of major cities requiring banks to provide detailed data to show that they are adequately serving low- and moderate-income consumers.

The Consumer Financial Protection Bureau issued its second enforcement action on Monday, hitting Discover with a $200 million fine. Observers said it was clear violations will carry a steep price tag.

Bank shares tend to rally in election years but often fall after all the ballots are cast, a KBW study going back to 1984 says.

Aspiring consolidators are weighing the benefits of hiring lending teams as opposed to making acquisitions.

Adequate communication, data retention, requests for approval and, ultimately, cooperation can minimize a company's risk of being investigated by the CFPB or state attorney general's office.

The money will be used for housing counseling and legal services programs that were scheduled to lose state funding this year.

Scotiabank in Canada has started issuing cards on the American Express (AXP) network, the companies said on Monday.

Opus Bank in Irvine, Calif., has completed its acquisition of ten branches from PacWest Bancorp. The companies said in separate press releases that the transaction closed on Friday. Opus rebranded the branches over the weekend.

Regulators released a calculator Monday that is designed to help community bankers project how much capital they will need to hold under Basel III.

Ann Cairns, MasterCard's head of international markets, was optimistic about the company's prospects abroad Thursday, even as MasterCard warned that its revenue growth is slowing.

Big mortgage servicers wonder why borrowers won't respond to attractive refi offers. How can they be surprised? We've overloaded consumers with such an excess of incoming communications through antiquated channels that they ignore almost all of this.

To avoid a monthly fee, bank customers must maintain an average balance of $723 in their non-interest checking accounts, up 23% from 2011 and the highest balance in 15 years, according to a survey.

A group of state attorneys general is looking at the possibility that banks have sold credit card accounts to debt collection firms that were supported by inaccurate and robo-signed documents.

It's in consultants' best interests to extend the foreclosure review engagements as long as possible without coming up with an estimate for each servicer of its total liability to borrowers.

Joseph Stilwell said in a regulatory filing that he could start pushing the thrift's management to put stashed away capital to work.

Discover Financial Services (DFS) has agreed to refund hundreds of millions of dollars to settle a regulatory probe of its credit card marketing practices.

First PacTrust said Gregory Mitchell , who had been its CEO since November 2010, had resigned. The resignation comes roughly a month after the company said Mitchell would share the CEO title with Steven A. Sugarman.