The Federal Housing Finance Agency offered four options for revamping the economics of mortgage servicing earlier this year. Now it's down to two sharply contrasting plans.

Cascade Bancorp in Bend, Ore., has agreed to sell about $108 million of loans, generating $58 million in proceeds in an effort to remain well capitalized.

Banks and technology companies betting on mobile payments must overcome a very basic obstacle: most Americans still don't have smartphones and so can't use Google Wallet or its rivals.

Though some have criticized whether the Payment Card Industry data security standard does enough to protect card data, in Europe the standard has become a catalyst for getting companies to take security seriously.

The Federal Reserve said Tuesday that it had approved the applications of banks in Italy and Japan to establish representative offices in New York.

ACI Worldwide has extended its exchange offer for shares of S1 until Oct. 31. The offer, which has a blended value of $9.44 per share, was set to expire Sept. 28.

The head of a congressional panel that oversees the Internal Revenue Service says a proposed rule that would require U.S. banks to report interest paid to foreign account holders would discourage foreign investment and place an unnecessary burden on banks.

Mitek announced late Tuesday a single platform for remote deposit check capture, as well a partnership that will help banks using its product fight duplicate-check fraud.

F&M Bancorporation Inc. in Tulsa, Okla., has raised $78 million in capital that it plans to use for expansion in Oklahoma and Texas.

ENDICOTT, N.Y. – Visions FCU opened a branch in the lobby of Union-Endicott High School, the first student-run credit union branch in Broome County.

Among regional banks, funding costs at time deposit-dependent institutions have improved but still substantially exceed rates paid by competitors, and some could be set for expanding net interest margins as CDs gravitate toward market yields.

BankAtlantic Bancorp Inc. in Fort Lauderdale, Fla., said Tuesday that it was planning a 1-for-5 reverse split of its class A and B common stock.

D.C. bureau chief Rob Blackwell on the key takeaways from American Banker's Regulatory Symposium.

Fulton Financial Corp. in Lancaster, Pa., has unveiled the management team for its newly created New Jersey bank.

Citigroup Inc. this week is publicizing its pricey new American Airlines credit card by setting up a fake airport lounge in the middle of New York's Grand Central Terminal. (Full-body scanners and security lines not included.)

Consumers have a "trust issue" with mobile payments, which could lead the Google Wallet and other projects to fail, a Fiserv Inc. executive said at a Federal Reserve Bank of Chicago conference.

The financial management startup is leaning on the expertise of its tech-savvy team of founders to build advanced aggregation, coupled with personalized service in automated channels.

Citizens First National Bank in Princeton, Ill., has been ordered by the Office of the Comptroller of the Currency to beef up its capital levels and clean up its loan portfolio.

Last week, my organization, the Center for Financial Services Innovation, released a set of principles and best practices for delivering the kinds of everyday products and services consumers need to manage their financial lives. We call them the "Compass Principles," and we believe they have the potential to create a more enabling environment for financial services innovation that is positive for consumers and promotes competition and profits.

Even Google's Motorola Mobility has agreed to work with the telecom consortium on mobile payment technology.