Moving toward fully electronic payments is a matter of public health and social justice, according to author David Wolman.

PSB Bancorp in Wisconsin is requiring Marathon State Bank to pay out a special dividend before the deal closes. While unusual now, the move harkens back to a pre-crisis tactic that existed when capital wasn't a concern.

The state of Hawaii is considering using federal stimulus money to create a "clean economy bank" that would make low-interest rate loans to clean energy companies.

American Express Co. is partnering with Office Depot Inc. to offer its prepaid cards at some office supply stores across the country.

Sales officers and pricing desks frequently misjudge customers' sensitivity to rates and overpay for deposits. Similarly, banks that underestimate duration leave money on the table.

HSBC Holdings PLC's (HBC) Canadian unit said Wednesday it will wind down its consumer finance operation in Canada following an extensive review and after having failed to find a buyer for the business.

The impact of the so-called Durbin Amendment on small financial institutions was a hot topic Wednesday at a credit-union conference in Washington.

MoneyGram International has named a new chief financial officer and an executive to oversee emerging markets.

JPMorgan Chase & Co. (JPM) and Bank of America Corp., the two biggest U.S. banks, are cutting senior mortgage traders and salesmen amid a decline in the asset-backed securities market, people with knowledge of the moves said.

John Walsh, the acting Comptroller of the Currency, used an appearance at the American Bankers Association's governmental summit to state the case against creating an alternative appeals process.

A Michigan bank that recently endured three straight years of losing money and a Seattle thrift that was once on the verge of failure are among 22 banks and thrifts that the investment bank Sandler O'Neill & Partners LP predicts will be added to the Russell 3000 stock index this year.

Activist investor Joseph Stilwell wants the company to find a seller a month after one of his representatives quit the board.

San Diego County Credit Union is now offering a range of mobile banking services through Fiserv's Mobiliti and Mobile Source Capture products.

Prepaid Financial Services Ltd. has two new partnerships to provide white-label prepaid products in the U.S. and Canada.

Bank of America will sell its Irish consumer credit-card unit to Apollo Global, the latest business unit sale by a shrinking B of A.

Flagstar Bancorp Inc. increased its loss for the fourth quarter and 2011 by $4.2 million after revising a payment to settle claims regarding underwriting practices associated with loans insured by the Federal Housing Administration.

Rurban Financial Corp. in Defiance, Ohio, has revised its 2011 earnings after the abrupt bankruptcy of a key client wound up wiping out much of the company's fourth-quarter profits.

Like U.S. Bancorp, Regions Financial Inc., BB&T Corp. and others, Citizens Republic has introduced a prepaid card and is expanding its line of alternative financial products used by underbanked consumers.

The American Bankers Association told attendees at its Government Relations Summit that now is not the time to “play footsie” with lawmakers and regulators.

BRANDON, Fla. – The old Brandon Hometown Buffet, a favorite local eatery on Sunday mornings, will become a branch of Mid Florida CU this summer.