Bridge Capital Holdings (BBNK) has put its expanding capital-finance business into a separate division and named Lee Shodiss its boss.

The mortgage-writedown program that the FHFA rejected would have produced little benefit to the housing market. But principal forgiveness, done right, can do a lot of good while minimizing potential harm.

PHH, the parent company of the nation's largest nonbank mortgage lender, reported a $57 million second-quarter loss and signaled its intention to reduce its presence in the correspondent lending channel.

Fannie Mae said that, for the second straight quarter, it won't need aid from the Treasury as rising home prices continue to bolster the housing market.

The multidistrict litigation process lumped together disparate overdraft cases in a "one size fits all" approach. As a result, it did not achieve the salutary goals the judicial panel set out to accomplish and must be judged an expensive failure.

HOUSTON – Cardtronics, the key EFT switch for credit unions, said this morning it has acquired Minneapolis-based ATM Network Inc. and its contracts with 6,200 merchant-owned ATMs.

Starbucks announced today that it is investing $25 million in Square and will begin using Square's mobile payment technology in its stores.

Bank of America's law firm defending the company against MBIA in a dispute over defective mortgages said that a court ruling in a separate case means lenders should reevaluate their reserves for bad loans.

Former Bank of America (BAC) executive Marc Gordon has been appointed executive vice president and chief information officer at American Express (AXP), the credit card company announced Tuesday.

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Prime Pacific Financial Services in Lynwood, Wash., will raise $5 million through a private placement of common stock as it works to meet capital requirements from a regulatory order.

Stabilizing operational costs and the potential for steady profits at Freddie Mac could further lessen the urgency of structural reforms.

Consumer borrowing in the U.S. rose less than forecast in June, restrained by the second decline in credit-card debt in the last three months.

Bureau says banks with fewer than 100 international money transfers a year can avoid new fee disclosure requirements, but some industry officials say the threshold is still too low.

The Federal Reserve Board has issued an enforcement order against Gold Canyon Bank that gives the Gold Canyon, Ariz., company 90 days to become adequately capitalized or to sell itself.

After two financial institutions merge on paper, the hard work starts in the IT trenches. Mark Duthu, executive vice president for Hancock Holding's trust and asset management group, discusses the complex integration of Whitney Bank.

Consumer use of prepaid cards is incredibly varied, relatively short-lived and full of mystery, finds a report released Tuesday by the Philadelphia Fed.

Navy Army Community Credit Union cites familiarity, Fiserv’s wide array of services.

The Consumer Financial Protection Bureau said Tuesday that institutions with fewer than 100 remittances a year are exempt from a requirement that providers of international money transfers provide upfront fee disclosures.

The Consumer Bankers Association has bulked up its staff, announcing four new hires across several areas.