New defaults have tailed off and the pool of bad accounts against which to collect is aging. Yet recoveries have held steady or climbed at large issuers – even in the face of stiffening resistance over documentation problems.

Citigroup announced an upgrade to its online banking application for Apple's iPad that includes what Citi says is the first such robust iPad credit card account-analysis application.

GE Capital has agreed to run the toy retailer's consumer credit card program and buy $900 million of its card assets from JPMorgan Chase & Co. Expect more deals like it this year.

Visa chairman and chief executive Joe Saunders downplayed concerns over the costs associated with implementing its new digital wallet at the company's annual shareholders meeting on Tuesday.

The Federal Reserve on Tuesday announced two enforcement actions against two banks, the Bank of Bartlett in Tennessee and Capitol City Bancshares Inc. in Atlanta.

The president has assembled a new group of state and federal law enforcers to right mortgage wrongs, but observers doubt it will leave much of a mark.

MountainOne Financial Partners in North Adams, Mass., is merging two of its thrifts under one charter in an effort to become more efficient.

Lender Processing Services has filed a motion to dismiss charges made by Nevada Attorney General Catherine Cortez Masto against the company and two subsidiaries for fraudulent business practices.

First Mariner Bancorp Inc. in Baltimore said that its fourth-quarter loss narrowed slightly from a year earlier.

Sun Bancorp Inc. in Vineland, N.J., narrowed the size of its loss in the fourth quarter after moving more nonperforming assets off its books.

Toronto-Dominion Bank, Canada's second-largest lender, may expand wealth-management operations in the U.S. as it seeks a broader market for mutual funds and investment advice.

COLONIE, N.Y. – CapCom FCU has filed an application with town officials to build a new four-story headquarters.

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MasterCard is pushing merchants to upgrade their checkout systems to handle credit and debit cards that store information inside an embedded chip.

Merchants are adamant that any initiative in the United States for accepting chip cards backed by the EMV security standard establish the chip-and-PIN method — instead of the chip-and-signature option that Visa supports.

NBC Bancshares LLC in Lincoln, Neb., has completed its purchase of a controlling interest in a unit of Capitol Bancorp Ltd.

Citigroup came under political fire Monday for reporting frequent flier miles as taxable income in certain circumstances. But Sen. Sherrod Brown, who blasted Citi, had to back away from the criticism after the IRS came to the aid of the banking company.

To absorb a large warehouse operation would require purchasing the whole bank, not just the warehouse business.

I recently recounted a personal story to a bank's management team that I've shared frequently over the years. I tell it to drive home the point about the importance of eliminating "clutter" that accumulates in our organizations over time. As the group laughed, I assured them that, sadly, this was a true story.