Meade and Associates, a collection agency based in Westerville, Ohio, next month will begin trying to collect an estimated $900,000 in unpaid lunch money from nearly 6,000 Columbus (Ohio) City Schools students.

The amount the Michigan company ends up paying will depend on whether its financial footing improves.

Two banks failed on Friday, with the Federal Deposit Insurance Corp. only finding a buyer for one of the fallen institutions.

Flagstar Bancorp Friday agreed to pay up to $132.8 million to settle civil-fraud charges lodged by the Department of Justice that accused the bank of improperly approving loans for government insurance.

TD Bank has agreed to pay unspecified damages to victims of a former TD client who pleaded guilty two years ago to running a massive Ponzi scheme.

American Express Co., the largest credit-card issuer by spending, is facing an enforcement action by the Federal Deposit Insurance Corp. and possibly the Consumer Financial Protection Bureau over late fees it charged some charge-card customers, the company said Friday in a regulatory filing.

Schaller Equity Partners discloses plans to nominate five directors, escalating a nearly yearlong battle with the small Floyd, Va., banking company.

The Federal Deposit Insurance Corp. issued prompt corrective actions against five banks in January, telling them to either raise capital or be acquired by another institution.

Since releasing 2011 litigation numbers, WebRecon LLC has revised the year-end total after finding some omissions that, as it turns out, had depressed the count.

As the Transaction Account Guarantee program is such an important issue to community banks, I read with interest Ms. Barbara Rehm's column titled "Rehm on TAG: Don't Extend it, End it." The piece omitted discussion of the reasons the TAG was created by the FDIC in the first place and why those reasons are still valid today.

Bank of America Corp. is switching its U.S. employees to a single defined contribution retirement plan at the end of the second quarter.

The leadership of the American Bankers Association pushed attendees at this year's Conference for Community Bankers to stand united in public, while urging them to push lawmakers to sign onto a bill to address examination appeals.

Bank of America has revealed plans to stop selling mortgages to the giant GSE. The move could affect everything from loan repurchase negotiations to the future of mortgage market.

Atlantic Coast Financial Corp. in Jacksonville, Fla., reported a loss of $4 million in the fourth quarter, compared with a loss of $5.2 million a year earlier, as its expenses and loan-loss provision declined.

Discover's Pulse network is the latest offer person-to-person payment capabilities from Obopay. But widespread consumer demand seems to be lacking, as does a clear business case for financial institutions.

Commerce National Bank & Trust in Winter Park, Fla., has entered into a consent order with the Officer of the Comptroller of the Currency that requires it to clean up its loan portfolio and bolster its capital levels.

Citigroup Inc. Friday sold its entire stake in Indian mortgage lender Housing Development Finance Corp. for $1.9 billion that will likely help the U.S. banking giant improve its capital to meet strict international rules.

MasterCard Inc. will start charging a new acquirer licensing fee in July, the company confirmed with American Banker on Thursday.

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.