The former chief executive of a failed Florida community bank has been sentenced to six years in prison for lying to regulators about the bank's condition.

A U.S. district court has halted an operation that allegedly preyed on financially vulnerable homeowners, convincing them to pay $1,995 or more by holding out false promises that they could help them avoid foreclosure and renegotiate their mortgages.

Experian will offer a new product that assesses the creditworthiness of consumers with little or no traditional credit history.

A federal court panel said Bank of America Corp. (BAC) can't consolidate multiple lawsuits involving losses suffered from the collapse of Taylor Bean & Whitaker Mortgage Corp. and Colonial Bank in a multibillion-dollar fraud.

Bethpage Federal Credit Union on Tuesday said personal information from 86,000 of its members' Visa debit card accounts had been accidentally exposed on the Internet by an employee.

M&T Bank (MTB) in Buffalo announced Monday that former Comptroller of the Currency John "Jerry" D. Hawke Jr. has been elected to the boards of the bank and its holding company.

Financial institutions and technology companies are working hard to bring location-based advertising to life, but research in psychology suggests those same offers may be draining a limited resource: our willpower.

U.S. credit card debt decreased slightly in May, down .2% to $5,637 from April 2012, according to CreditKarma.com's U.S. Credit Score Climate Report released Wednesday.

Sallie Mae has introduced new rewards for its relaunched Upromise World Mastercard, which is now issued by Barclaycard US.

The personal information of certain merchants may have been exposed in addition to the consumer data breach Global Payments reported in March, the processor said June 12.

BELLEVUE, Neb. – SAC FCU, originally the credit union for the Strategic Air Command, has hired Leo A. Daley to provide design and engineering services for its new $20-million, four-story corporate headquarters campus in Papillion, Neb.

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Pennsylvania's House of Representatives has voted unanimously to use all the funds received from the national mortgage settlement to help at-risk homeowners rather than use a portion of it to plug budget gaps.

The Atlanta retailer, one of the banking industry's fiercest opponents in the battles over interchange regulations, says its customers have benefited from lower prices after regulators capped debit card swipe fees.

A shareholder group that includes a former ECB director has urged directors of the Engelhard, N.C., company to remove Dwight Utz as president and chief executive.

New York is demanding that force-placed insurers lower their rates after a series of hearings highlighted the high cost of the policies and potential conflicts of interest in how banks purchase insurance on delinquent borrowers' homes.

Most of us buy into the thinking that the slow pace of bank M&A is a bad thing. But, unless you are an investment banker or a lawyer who advises on deals, there are a lot of benefits to measured consolidation, some industry observers say.

A year and a half after reserve releases emerged as a saving grace for bank earnings, allowance reductions accelerated early this year and accounted for perhaps 14% of the industry’s net income.

Privatebancorp (PVTB) in Chicago is in no rush to boost its dividend, preferring instead to use any excess capital to grow earning assets and invest in new products.

The final price Grandpoint Capital would pay for National Bank of California depends on the seller's loan losses, expenses over two years and other contingencies.