The consumer bureau's student-loan ombudsman told bankers this week that problems facing the sector could have long-lasting effects on the economy for years to come.

The Securities and Exchange Commission has accused Wells Fargo & Co. of failing to produce documents relating to an investigation of the bank’s mortgage-backed securities. Wells called the SEC's subpoena enforcement action "inappropriate and unwarranted."

Community West Bancshares in Goleta, Calif., has yet another chief executive, marking its third CEO in less than a year.

The first director of the new Consumer Financial Protection Bureau discusses tradeoffs between enforcement and rulemaking, being responsive to consumers without being biased and the five-letter acronym known as UDAAP.

Green Dot's Steven Streit on why nontraditional players such as his company will continue to dominate the prepaid card market.

The Federal Reserve Board has entered into written agreements with two community banks: Remer Bancorp. in Minnesota and Orrstown Financial Services in Shippensburg, Pa.

Wells Fargo has thrown down the gauntlet on the correspondent market, creating an "exclusionary list" of 88 firms that it will no longer buy loans from. How are lenders reacting so far? With a mixture of fear of being on the list and an indifferent "so what?"

Government refinancing programs like Harp 2.0 are forcing banks to staff up refinancing units to handle a surge in demand.

With profit margins on HARP 2.0 refinancings sky high, Wells Fargo & Co., is putting caps on the loan-to-value ratio it will accept from third-party lenders, National Mortgage News has learned.

Regulators have terminated a memorandum of understanding with a banking unit of Banner Corp. after the Walla Walla, Wash., company returned to profitability for 2011.

Bank of America said it will offer a small number of customers facing foreclosure the option to remain in their homes and rent the property instead.

Before moaning about unbanked consumers and their supposed lack of financial literacy, bankers, federal regulators, lawmakers might consider that there once was a product that targeted this situation.

With all due respect to my friend Chris Whalen, the view from Main Street in Ashland, Missouri; Newman Grove, Nebraska or Pine Mountain, Georgia is much different than the view from the 26th floor of West 57th Street in New York City.

Wells Fargo’s origination business has been operating at full steam, keeping the company’s mortgage servicing assets well above a cap proposed under Basel III. A new servicer compensation system could resolve the issue, but something has to give.

Participants at the Consumer Bankers Association meeting in Austin ranked important financiers and regulators using the model of the NCAA basketball tourney.

Commerce Bancshares — a Worcester, Mass., bank that specializes in classic car and small aircraft loans — would become a lender to buyers of Boston taxi medallions by acquiring Mercantile Capital, CEO Brian Thompson says.

Steve Bartlett, who has run the Financial Services Roundtable trade group for 13 years, will retire at the end of the year.

Discover Financial Services' Pulse debit network posted solid gains in the first quarter, but executives say a new rule banning network exclusivity could prove a hurdle going forward.

A handful of banks, including CertusHoldings and Hancock Holding, have dual CEOs, which they believe helps with internal management and growth initiatives such as acquisitions.

American Banker editors Neil Weinberg and Harry Terris discuss how Basel III capital adequacy requirements are causing major upheaval in the servicing market. Under U.S. regulators, even more changes are on the way.