PSCU Financial Services, a service organization that provides products and services to its roughly 1,500 member credit unions, announced Monday that it will begin issuing prepaid chip cards for several of its clients this summer.

EverBank this week was the latest buyer to take advantage of the ripening market for books of commercial and other types of credits. Wells Fargo, City National and others have announced similar moves.

KeyBank has built a low-dollar consumer lending product that makes money and pleases consumer advocates.

Lender Processing Services (LPS) has agreed to acquire LendingSpace, a provider of mortgage loan origination software.

The Federal Housing Finance Agency provided an update Tuesday to its pilot program designed to turn foreclosed properties into rental homes, saying it had announced the first round of winning bidders.

Solera National Bank in Lakewood, Colo., has been freed from a consent order under which it had been operating for more than two years.

The National Association of Insurance Commissioners will hold a hearing on possible abuses in August. Yet a key regulator doubts the industry is seriously troubled.

A basketball coach's praise for his opponent serves as a reminder that the best results come from hustle and hard work.

United Community Financial (UCFC) in Youngstown, Ohio, will take a $5.2 million loss on a group of loans to a single commercial customer.

Pacific Premier Bancorp (PPBI) in Costa Mesa, Calif., is considering raising up to $50 million in fresh capital so it can make more acquisitions if and when opportunities arise.

Lending to American consumers, businesses and other entities is, as best practiced, far from a simple business. Going beyond this to dabble in opaque markets will inevitably degrade the competence with which banks' basic business is conducted.

Collection agency Resurgent Capital Services LPA and affiliated debt buyer LVNV Funding LLC will pay $1 million to Maryland regulators and agreed to dismiss several thousand collection cases to resolve alleged violations of federal and state collection laws.

California lawmakers on Monday passed a package of foreclosure prevention bills that will slow foreclosures, impose stricter rules on mortgage servicers and potentially raise the cost of home loans.

More consumers failed to pay down their home equity lines of credit in the first quarter of 2012, according to the American Bankers Association.

Roma Financial (ROMA) in Robbinsville, N.J., announced late Monday that its president and chief executive, Peter Inverso, will step down next year and that its board will form a search committee to find a replacement.

SPOKANE, Wash. – Spokane Teachers CU has broken ground on a new green branch in Moran Prairie, which will be the $1.6-billion credit union’s 16th branch.

IMGCAP(1)]

The favorable numbers behind EverBank's purchase of GE Capital's business lending arm are a blessing for investors who participated in the bank's disappointing public offering in May.

IMGCAP(1)]

Bank holding companies overcame a lackluster fourth quarter to earn a record $118.4 billion in wealth management income in 2011, according to a new report.