RAPID CITY, S.D. — NCUA Chairman Debbie Matz told credit union executives here yesterday the agency is very close to approving a charter for a credit union that will serve the Lakota Indians, also known as the Sioux, at their Pine Ridge Reservation in Kyle.

Though loan competition remains fierce, most banks are unwilling to relax their underwriting policies until the economy heals.

Much time and energy was spent on a campaign to regulate an optional service consumers could avoid paying for. Meanwhile, mortgage securitization was going gangbusters. Priorities were perhaps misplaced.

The Treasury Department will receive roughly $204 million from its latest auctions selling off the preferred shares of seven financial institutions from the Troubled Asset Relief Program.

Doug Tuttle knows all too well what goes on at struggling banks, and that is exactly why his new boss at American Momentum says he hired the industry veteran in Tampa, Fla.

Continuing its string of Texas acquisitions, Prosperity Bancshares in Houston announced Thursday that it is buying Community National Bank in Bellaire for $26.6 million in cash and stock.

During the boom, accounting rules kept banks from building thicker buffers against losses. This left them in a weaker position when the crisis hit. It's time to fix the mistake.

Google announced revisions to its mobile wallet that make it a more palatable choice for the sale of digital goods.

Dodd-Frank-required study finds borrowers are younger and seniors are increasingly taking out bigger loans.

First Niagara Financial Group (FNFG) has sold $3.1 billion of mortgage-backed securities to reduce risk exposure and improve its capital ratios.

BancAlliance, a young cooperative for small banks, has the capital and lending team in place to make a splash in an area that hasn't had much action since the financial crisis: equipment finance.

Seven months after it was created through the merger of Nara Bancorp and Center Financial, BBCN (BBCN) Bancorp in Los Angeles has repaid the funds its two predecessor companies received from the Troubled Asset Relief Program.

Chicago is home to dozens of banks and more than 700 branches. A number of those branches closed as banks in the city failed or were sold. Here is a look at how developers have found new use for those abandoned locations.

Unlike last summer, deposit levels have been relatively stable recently as the euro crisis has reached a new crescendo. Either the most nervous money has already fled to the shelter of the bank safety net, or tensions are only just building.

Capital One Financial (COF) has chosen a site outside of Richmond, Va., as the home for its new $150 million data center.

Blogger Felix Salmon tests whether it's faster to deposit a check via mobile phone or at a nearby ATM in a video posted this week.

Banks and government agencies face several problems with their plans to rent out their backlog of foreclosed homes, especially if they try to securitize those rentals, according to Morningstar Credit Ratings.

From the CFPB to the FSOC to New York's ban on large soda cups, followers of behavioral theory have gone overboard in their rabid enthusiasm for governmental manipulation.

The bank's holding company, TCF Financial, said Wednesday that following "multiple layers" of interviews and surveys with its customers, bank officials have decided to do away with monthly maintenance fees on its retail checking accounts.

Some analysts say the government-sponsored enterprises are sending a bold signal to banks that elevated buyback demands will continue and may peak this year.