Banks have faced onslaughts of litigation for several years over their credit card payment protection plans. But so far legal efforts to challenge or change the business have ended in dismissals or relatively small settlements.

Sovereign Bank in Dallas is converting its loan production office in Houston into a regional headquarters and is eyeing further expansion in Texas' largest city.

Banks have been accused of ripping off consumers for insurance-like credit card products. Now critics who say the payment protection plans are a racket could get a boost from federal regulators.

Bryn Mawr Bank Corp. in Pennsylvania is acquiring a Philadelphia-area wealth management firm from Boston Private Financial Holdings Inc. and the firm's management group.

California has returned to talks after a four-month absence to possibly take part in a multi-state deal with the nation's largest mortgage servicers over faulty foreclosure practices, the New York Times and Los Angeles Times reported Monday.

Citigroup Inc. said Monday it will issue credit cards on its own in China, as it looks to capitalize on the country's increasing consumption power as well as expand in the world's second-largest economy.

TUMWATER, Wash. – O Bee CU is celebrating the grand opening of its West Olympia branch through Feb. 25 with a drawing for a family vacation for four to Disneyland and a half-carat diamond pendant.

The Durbin amendment has sapped debit card revenue, but swipe fees are contributing a growing share of earnings at large credit card businesses.

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Stocks rose after the U.S. economy added more jobs than expected last month, driving the Nasdaq Composite to an 11-year high and pushing the Dow to its highest close in nearly four years.

Cape Bancorp Inc. in Cape May Court House, N.J., swung to a $1.6 million loss in the fourth quarter after taking $1 million writedown on foreclosed properties and an additional $1.1 million writedown on its investment in pooled trust-preferred securities that have lost much of their value.

Regulators, particularly the OCC, are hitting banks with consent orders for erroneous accounting for troubled-debt restructurings. The issue, based on new FASB standards, is becoming a catalyst for higher loan-loss provisions and lower profit.

A former housing counselor from New York has been sentenced to six years in prison for defrauding homeowners who sought her help in obtaining a mortgage modification, authorities said.

Solid loan and deposit growth powered Bancorp of New Jersey Inc. to its most profitable quarter in its six-year history, the company said Friday.

Barbara Desoer, the president of Bank of America's home loans division and once considered a candidate for CEO of the entire company, will retire at the end of February, B of A said Friday.

The Consumer Financial Protection Bureau has vowed to protect privileged information collected during the supervision process, but banks are nervous that might not be enough.

New England's largest bank could not have picked a better day to launch its latest marketing campaign.

Comedian and actor George Lopez this week became the latest celebrity to embrace the prepaid card business, through an endorsement deal with Mango Financial Inc.

The former president and chief executive at the failed Orion Bank in Naples, Fla., faces up to 15 years in federal prison after pleading guilty to lying to examiners about the bank’s health.

Howard Milstein and other members of the family that owns Emigrant have hired Barclays Capital to explore selling its 33 branches or online banking operation. Emigrant still has to repay its federal aid and has been weighed down by problem loans.