Wells Fargo & Co. has agreed to pay nearly $1 million to Maryland residents who lost their homes to foreclosure after receiving so-called "Pick-a-Payment" mortgages originated by lenders Wells later acquired.

Southside Bancshares Inc. in Tyler, Tex., and Security Federal Corp. in Aiken, S.C., have announced replacements for their longtime chief executives.

In a setback to Citigroup's efforts to divest itself of noncore businesses, talks to sell the bank's OneMain consumer-lending unit to private-equity buyers have ended without a deal in place, according to people familiar with the matter.

Consumers are regularly disappointed when they are drawn into accounts portrayed as "free" and then wind up being socked with fees and charges. Then they tell all their friends.

Hancock Holding Co. has sold an insurance unit as part of a larger agreement with a Florida insurance company.

One day after his appointment as the director of the Consumer Financial Protection Bureau, Richard Cordray sent a clear signal that he intends to move aggressively to enforce the agency's expanded authority.

Consumer Financial Protection Bureau Director Richard Cordray said Thursday that he has appointed Raj Date as the agency's first deputy director.

University Bank in Ann Arbor, Mich., has acquired an additional 37.5% stake in a specialty finance firm in which it already half owned.

Cardinal Bankshares is fighting with an outside investor who wants to oust the company's chairman and CEO or force its sale.

Verizon Wireless was forced to cancel plans to charge for one-time credit card payments. Its misadventure holds a lesson for bankers.

Despite an overall lack of optimism about the U.S. economy, small-business owners are growingly increasingly more confident that sales at their own firms will pick up this quarter, according to a survey released Thursday by TD Bank.

To succeed this year, banks must balance the near-term need to make loans and the long-term reality that an exodus of low-cost deposits is looming.

Mortgage securitization blew up the home price bubble and detonated the financial crisis. How?

Under orders from its regulator to improve its capital ratios, Community First Bank & Trust in Columbia, Tenn., is selling one of its 10 branches to Southern Community Bank in Tullahoma, Tenn., and could be looking to unload several more.

Despite new threats of legal challenges or hopes for structural changes, this agency cannot be wished away. But banks can still influence the size and nature of the role the CFPB will play.

Analysts' failure to foresee declining earnings per share for the biggest banks last year hasn't stopped them from predicting an even bigger profit surge for 2012.

Clemson football fans like to er, decorate, $2 bills with the logo of their beloved Tigers, but South Carolina bankers say the shift to electronic payments and other factors (don't mention this week's Orange Bowl score) could stamp out the show of loyalty.

Prepaid debit cards that come with celebrity endorsements over the years have showed little staying power while whipping up storm clouds of controversy.

Fifth Third Bancorp told investors Thursday that its fourth-quarter income would be roughly $68 million lower than anticipated, before taxes, due to costs related to its sale of Visa Inc. class B shares in 2009.

Richard Cordray, the bureau's first director, said Thursday that the CFPB will begin exercising its new authority to regulate nonbanks starting today, despite doubts from the industry about its authority.