There is no such thing as a "Consumer Financial Protection Bureau." That’s a false label. Rather, there is a Bureau of Consumer Financial Protection ("BCFP," if you like), established by Title X of the "Dodd-Frank Act."

The Office of the Comptroller of the Currency closed two Midwestern banks Friday, bringing the failure tally so far this year to nine. The Federal Deposit Insurance Corp., as the receiver of the failed national banks, was able to find other institutions to resolve the failures.

About half of the deals in January were in the Midwest, and there have been a few more since — but some key ingredients for "the wave" are missing.

With new channels and services, I've often thought that consumers don't care as much about security as they claim to — but they do care about reliability. So I was surprised to see that Citi blamed a recent payment problem on the coding of its iPad app when the problem has occurred in other channels.

First Financial Service Corp. in Elizabethtown, Ky., said it had a new chairman and that its chief executive will step down for health reasons.

Housing prices will continue to decline slightly through 2012 but will begin to rebound in 2013, according to a new survey from the Federal Reserve Bank of Philadelphia.

After 100 years of having a federal charter, Frost says new reform law has increased the value of state regulation.

Hana Financial Group of Seoul, South Korea, has agreed to buy newly issued shares of common stock, and a 51% ownership interest, in Saehan Bancorp in Los Angeles.

Massachusetts' top securities regulator has asked Bank of America to turn over documents related to two collateralized loan obligations.

The Texas Bankers Association is irked about the National Credit Union Administration's decision to infuse $60 million into the otherwise insolvent Texans Credit Union.

Bank of America Corp. and its largest rivals are hogging most of the mortgage-mess headlines. But smaller banks are also struggling to resolve problems from their high levels of delinquent loans.

Anchor BanCorp Wisconsin Inc. in Madison reported another quarterly loss.

If you live in Oklahoma: Sorry, you’re screwed. Your Attorney General is more worried about moral hazard and wouldn’t sign the agreement.

More than a day after the announcement of a mammoth national mortgage servicing settlement, the actual terms of the deal still aren't public. That's because a fully authorized, legally binding deal has not been inked yet.

New PCI Council Chairman Michael Mitchell, an Amex executive, says the security group's bank members are taking a more proactive approach to security than they have in the past.

Fannie Mae has hired Wells Fargo mortgage executive Anthony 'Tuck' Reed as a senior executive in charge of customer strategy and support in its single-family business.

The private banking arm of KeyCorp in Cleveland has established a Delaware trust company and hired two veterans from competitors to help run it.

EverBank, which has been carefully growing its mortgage business the past few years, has agreed to purchase the warehouse division of MetLife, the company confirmed to National Mortgage News.

Horizon Bancorp in Michigan City, Ind., has agreed to buy Heartland Bancshares Inc. of Franklin, Ind., in an all-stock deal valued at $14 million.

Social networking giant Facebook is already a half-billion dollar payment company. For banks, that presents threats and opportunities.