WASHINGTON — The Consumer Financial Protection Bureau issued a final rule Friday that will impose new disclosure requirements for remittance transfers.

Bank of America mid-week told its retail loan officers nationwide that the lender will halt, for now, originations of cash-out refinancings, citing what it calls a "surge of refinancing activity" and capacity problems.

Provident Bank president and chief executive Jack Kopnisky wasted no time in making good on his promise to hire bankers away from his competitors.

The rebound of credit card lending is having nasty side effects for Capital One Financial Corp. and American Express Co., which are increasingly spending more to compete for the most credit-worthy customers.

The Florida bank found out this week that the golden rule of M&A that sellers are in the driver's seat may not be true in this market. It was a major miscalculation, experts say.

East West Bancorp Inc.'s shares surged early Friday following news that the Pasadena, Calif., company had a record-breaking 2011 and plans to double its dividend.

The Federal Housing Administration announced three steps Friday to protect its mortgage insurance fund from sustaining further losses.

The Stop Online Piracy Act and the Protect IP Act, two bills that would have relied on payment companies to block funding to websites accused of content theft, were put on hold Friday.

The FDIC and a Federal Home Loan bank are seeking information from the Memphis bank about 20 securitizations, executives said. First Horizon swung to a profit and reported lower revenue in the fourth quarter.

President Obama assured that 2012 would get off to a rousing start when he made a recess appointment of Richard Cordray as head of the Consumer Financial Protection Bureau. Predictably, the appointment generated both praise and outrage.

Serial acquirer Grandpoint Capital Inc. has announced its first acquisition of 2012 as it prepares for the closing of its last announced deal.

Four months after its planned sale to Texas investment group fell through, The Bank Arlington near Dallas has found another buyer.

SunTrust reported higher earnings on more lending, but a big jump in requests to repurchase mortgages and a hit to fee income stole the show.

The agreements with rivals Community Bank System and Financial Institutions Inc. would complete First Niagara's planned divestitures in connection with its blockbuster deal for much of HSBC Bank's retail franchise.

Frivolously adding armor to combat planes makes the aircraft difficult to control and less effective. Weighting down banks with ill-conceived risk mitigation strategies and regulations serves the interests of neither individual banks nor the banking system as a whole.

ORONO, Maine – University CU and town officials signed a formal agreement to redevelop a downtown site that once was home to the historic Katahdin Building.

Auburn National Bancorp in Alabama announced two moves that will largely offset each other during the first quarter.

Capital One Financial Corp.'s fourth-quarter profit fell almost 42% from year earlier to $407 million, as the bank's expenses surged.

Vastly improved credit quality combined with respectable loan growth propelled Associated Banc-Corp to its most profitable quarter since Philip Flynn took over as chief executive two years ago.

Even as releases of allowances for bad credit card loans continue to plump bottom lines, rising delinquency rates in the fall point to the first increase in quarterly chargeoff rates in a year and a half at three of the largest issuers.