Fannie Mae is considering Timothy Mayopoulos, the head of a banking industry trade group and its own general counsel, as possible replacements for departing Chief Executive Michael Williams, according to The Wall Street Journal.

Wells Fargo says its remittance transaction volume grew at a record pace of 27% in 2011 over the prior year, thanks in part to substantial growth on the East Coast where the bank has largely finalized conversions of former Wachovia branches.

First National Bank of the Gulf Coast has implemented a paperless system and other improvements as it looks for its first profitable quarter.

American Express in January reported a modest slowdown in growth in the fourth quarter, while MasterCard earlier this month said growth remained strong in the region.

The Center for Responsible Lending was one of 15 organizations on Thursday to receive a MacArthur Award for Creative and Effective Institutions.

Competition between Amex, Discover, MasterCard, PayPal and Visa is fierce and intensifying. What would Facebook's angle be if it aspired to build a broader payments business?

A two-year inquiry into tri-party repurchase agreements has not figured out how to fully eliminate systemic risk from this arcane market.

MANSFIELD, Texas – Texas Trust CU has joined Allpoint’s surcharge-free ATM network, offering members access to 43,000 ATMs.

VIRGINIA BEACH, Va. – NMW FCU will increase its full-service branches on Virginia’s Eastern Shore to three with the opening of two on the same day.

CapStar Bank has agreed to buy certain assets and liabilities from another Tennessee bank, making CapStar’s second acquisition in the past week.

An industry group's failure to expeditiously reform the workings of one of the repo market is forcing the Federal Reserve Bank of New York to adopt a stronger monitoring role in the sector.

Of the 575 official complaints against Capital One's plan to buy ING Direct, only one stuck: The credit card lender has been a serial screw-up when it comes to getting delinquent borrowers to pay up, the Fed found.

Waccamaw Bankshares scored a minor victory tied to a 2010 capital infusion, though its president said the result only buys time to explore "strategic alternatives."

Town and Country Financial Corp. in Springfield. Ill., is combining its two bank subsidiaries that it has operated as separate entities for nearly three decades.

Citigroup Inc. agreed Wednesday to pay $158.3 million to settle claims that its mortgage unit improperly originated Federal Housing Administration loans, a swift reminder that the massive national mortgage deal does not insulate banks from other mortgage-related claims.

CitiMortgage has agreed to pay $158.3 million to resolve allegations by the U.S. related to the quality of loans it submitted to a government-backed mortgage insurance program.

Why community banking is crucial to the nation's long-term growth.

Consumer Financial Protection Bureau Director Richard Cordray told a House panel said the bureau intends to provide more information about its budget and expenditures going forward.

A judge has approved Bank of Hawaii's deal to pay $9 million to settle a class action involving overdraft fees.

Raymond James Financial Inc.'s offering of 10.5 million shares, including 1 million shares offered by selling stockholders, priced at a 2% discount to its Tuesday closing price.