John Tonetti, debt collection program manager for the Consumer Financial Protection Bureau, on Thursday told an audience of collection industry leaders that the regulatory agency is listening to debt collectors.

United Community Financial Corp. in Youngstown, Ohio reported a fourth-quarter profit of $7.9 million, compared with a loss of $17.3 million a year earlier, after selling four branches.

A tepid economy and regulatory uncertainty together make for strange bedfellows, as epitomized by recent deals to sell two banks to, of all things, credit unions. And along with the deals comes renewed debate on whether the nonprofit institutions should be taxed.

For years, Litton Loan Servicing was open to making a deal with delinquent borrowers. Then Goldman took over.

For young businesses to succeed, they first need business management tools, networks and coaching. Only after they have these things are they ready to take out loans.

Fannie Mae has delivered a second blow to standard industry practices for force-placing homeowners insurance on borrowers whose policies have lapsed.

TAUNTON, Mass. – Taunton FCU will be celebrating a grand opening for its new branch inside Trucchi’s Supermarket in Middleboro on Saturday.

How a whistleblower's allegations about mishandled credit card debt and shoddy recordkeeping at JPMorgan Chase snowballed into the shutdown of a multi-billion dollar credit card litigation operation and an OCC review.

Peoples Financial Corp. in Biloxi, Miss., revised its fourth-quarter and 2011 results to record an additional $660,000 for its loan-loss provision.

Coming off its fourth-straight money-losing year, United Bank of Philadelphia is under orders from state and federal regulators to clean up its loan portfolio, improve its capital ratios and submit to regulators a detailed plan for returning to profitability.

HomeStreet Inc.'s chief financial officer is resigning at the end of the month after helping the once-battered Seattle banking company recapitalize.

The $25 billion national mortgage settlement essentially allows the five largest servicers to police themselves - which has made many consumer advocates surprisingly happy.

Mobile payments are a hard sell, even for the dominant online alternative payment provider. PayPal's approach may seem like overkill, but the company says every payment counts when trying to convince consumers and small merchants to use handheld devices.

The FDIC is holding an auction for jewelry it inherited from the failed Tennessee Commerce Bank. The bank picked up the baubles after a jewelry store defaulted.

Highlands Bankshares Inc. in Petersburg, W. Va., will combine the roles of chairman and chief executive in May.

MetroCorp Bancshares in Houston has revised its fourth-quarter earnings to reflect a $3 million goodwill impairment charge relating to a drop in its market value.

The Federal Housing Finance Agency moved Thursday to restrict home builders from imposing a controversial fee on property transactions that critics call unfair to home buyers.

First Mariner Bancorp Inc. in Baltimore is looking to grow its mortgage business even as it continues to deal with elevated levels of loan losses and a shrinking balance sheet.

The next generation of consumers may forgo outdated tools like a computer mouse — a move that could have critical implications for bankers.

James Goodnight is a big-time executive who knows "big data" and all the buzzwords that preceded it — and, he says, so do bankers.