Foreclosure starts reached 217,955 units in August, an 18% sequential jump, and the first time since March that the reading was north of 200,000, according to new figures compiled by the Hope Now alliance.

The Federal Trade Commission is investigating several residential servicing shops for abusive practices — including inaccurate payment records and charging excessive fees — according to FTC associate director Joel Winston.

Card association will allow European Visa cardholders to send money to each other by phone.

The Treasury Department announced the last group of banks that will receive capital under the Small Business Lending Fund, which distributed more than $4 billion to 332 banks, falling far short of industry expectations.

ECB Bancorp is set to receive nearly $80 million in capital by mid-November. The $942 million-asset company is laying out a three-pronged strategy of acquisitions, de novo branch expansion and organic growth to get to $3 billion to $5 billion in the next few years.

Jefferson Bancshares Inc. of Morristown, Tenn., restated its last quarter as a loss after its take on bad investments and loans worsened.

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.