People's United Financial Inc. in Bridgeport, Conn., is moving to streamline its operations after making five acquisitions in less than three years.

A U.S. Bankruptcy Court trustee in Pennsylvania wants a judge to dismiss the bankruptcy case of Michael J. Covatto, former president of defunct collection agency Unicredit America Inc., an Erie, Pa.-based firm that operated a fake courtroom allegedly to intimidate debtors (see story).

The Consumer Financial Protection Bureau said Wednesday it plans to examine overdraft protection practices, including policies, terms and marketing of such programs, and their effect on consumers.

BATTLE CREEK, Mich. – Marshall Community CU opened its seventh “CU in School” branch at Wattles Park Elementary.

In a perfect world, state attorneys general and the U.S. Department of Justice would have worked hand in hand with bank regulators to fix foreclosure wrongs. But that's not how the world works.

Britton & Koontz Bank in Natchez, Miss., has been ordered by its regulator to immediately take steps to reduce the level of risk in its loan portfolio.

The growth-hungry Opus Bank in Irvine, Calif., is making good on its plans to grow organically alongside acquisitions.

Maryland lawmakers will consider a bill that would require the state treasurer to give a preference to banks with less than $5 billion of assets when doling out state banking business.

Warburg Pincus, which has invested in three banks, employed a different strategy than many of its rivals that bought into financial institutions, managing director Daniel Zilberman explains. And it has the strategy for its next round of deals ready to go.

A U.S. district court has halted an operation that the Federal Trade Commission alleges collected phantom payday loan “debts” that consumers did not owe.

Reviving a dead bank is as difficult as unscrambling an egg, but executives of the former United Western Bank are still trying to put their failed thrift back together again.

Sterling Financial Corp. of Spokane, Wash., has laid off 6% of its full-time employees as it works to reach an ambitious efficiency ratio goal by 2013.

Some small banks fear expiration of FDIC loan guarantees will cost them deposits. Others say the Transaction Account Guarantee program has served its purpose and should go away.

KBW report says Wells would be the frontrunner for Ally's profitable auto financing division, which could fetch as much as $68 billion in a sale.

First Place Financial Corp. in Warren, Ohio said it was not able to file its results for the quarter ending Dec. 31, marking its sixth consecutive quarter in the dark, as its massive multi-year restatement drags on.

Alliance Data Systems Corp. has renewed an agreement to provide private-label credit card services to clothing retailer The Buckle Inc.

It's a common story: a merchant suffers a payment data breach, the merchant's acquirer gets fined, and the acquirer passes along the fine to the merchant. Usually, life goes on. But an ongoing lawsuit against a Utah restaurant could shake things up for banks.

First Niagara Financial Group Inc. in Buffalo is planning to open at least five new branches in Connecticut this year to go along with the six it is acquiring in the state from HSBC Bank USA.

David Nelms, The chief executive of Discover Financial Services, is facing new regulatory challenges and has struggled to grow the network business. But his efforts to be 'almost as good as MasterCard and Visa' seem to be working.

To calm consumer fears about having card account numbers stolen wirelessly, University of Pittsburgh has developed a way to switch contactless cards off automatically when they are not in use.