Bank of America Corp. has stopped selling some residential mortgages to Fannie Mae, saying that it let its contract expire in part due to ongoing disputes over mortgage repurchase claims.

The sovereign debt crisis affects all of us, whether we're managing risk at a trillion-dollar bank in North America or at Main Street Bank in Small Town, USA. Even if we don't have customers overseas, our customers at home may be affected either directly or indirectly by events on the other side of the Atlantic.

With few banks over $1 billion of assets willing to sell, larger buyers resort to picking off clusters of smaller banks. Pressure to grow outweighs the added costs, executives say.

Much of the business ceded by B of A has been absorbed by Wells Fargo. Still, smaller lenders are making inroads as the giants scramble the playing field by shuttering origination channels, or exiting the business altogether.

The Consumer Financial Protection Bureau received about 2,300 complaints from borrowers about mortgage servicers in December, and that pace has been steady ever since, a senior advisor at the agency said Wednesday.

Yet another emerging payment scheme sees an opportunity to claw at the soft underbelly of legacy point-of-sale payment systems, this time putting carriers — not banks — in control of the payment accounts.

Hancock Holding Co.'s Whitney Bank has become the latest bank to settle a lawsuit relating to its overdraft practices.

Reading "Capital One Is Nearly Unscathed in Deal Victory" reminded me of watching ING Direct CEO Arkadi Kuhlmann address a major banking conference several years ago. He presented a detailed description of his unconventional approach to consumer banking and explained how each facet contributed to the success of the initiative.

Credit unions and community banks served by The Members Group now have access to a fraud prevention tool that allows them to set more detailed parameters for spotting suspicious transactions.

Bank deal activity eventually has to increase, but predicting the exact timing of consolidation remains hard, says Thomas Michaud, the investment bank's chief.

Banks strategizing about the best ways to unload real-estate owned properties face tough choices on whether to pay for costly repairs, auction off homes or attempt to sell them to investors.

A California judge gave former IndyMac Bancorp. Chief Executive Michael Perry time to appeal a ruling that puts him in the crosshairs of a $600 million lawsuit accusing him of negligence for signing off on risky mortgages at the time of the housing collapse.

The agency's research on the sector includes some larger institutions that still fit the community bank mold, while discounting smaller banks with a narrow focus.

SmarterComics has teamed up with Karen Berman and Joe Knight to turn their financial guide for managers into a comic book.

Rockville Financial Inc. in Connecticut reported record fourth-quarter income of $4 million, up 48% from a year earlier, as net interest income and noninterest income rose.

Consumer advocates and others urge banks to improve overdraft disclosures, press CFPB's Cordray to regulate Wal-Mart.

Auto lending continued to expand in the fourth quarter as more loans were made to borrowers with shaky credit and payment rates improved, credit bureau Experian said Thursday.

The Federal Reserve Bank of New York is seeking bids for more of the mortgage bonds assumed in the government rescue of American International Group Inc. as prices on the debt rally, two people with knowledge of the plan said.

SUMTER, S.C. – SAFE FCU inaugurated a new student-run branch at Lee Central High School in Bishopville.

A federal judge has granted approval for a Florida force-placed insurance class action to proceed against Wells Fargo and QBE Insurance. Evidence already uncovered in the case poses added peril to the defendants and other banks.