Capital One Financial Corp. Tuesday will announce plans to invest $180 billion over 10 years in low and moderate-income communities if its deal to acquire online banking business ING Direct USA goes through as planned, part of an effort to ease community groups' opposition to the deal.

The Federal Reserve is holding public hearings in three cities across the country to review Capital One's proposed purchase of ING Direct. The hearings to be held in San Francisco are half a continent away from the nearest branches of what may become America's fifth largest bank. Without branches, the bank's responsibility to California cities and counties is not clear under regulators' current interpretation of the federal Community Reinvestment Act.

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First Republic Bank this week named 19-year industry veteran Gregg Palmer as managing director and wealth advisor for its San Diego office.

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Search giant now has both major card associations on board with its mobile payment application, as well as First Data and Citi.

First Bancshares Inc. in Hattiesburg, Miss., said Monday that it had expanded along the Gulf Coast after buying eight branches that had belonged to Whitney National Bank.

Google Inc. may launch its much-hyped Google Wallet as early as this week, according to a number of reports.

OCC head tells American Banker regulatory symposium that banks could face restitution after complaint reviews. Gruenberg, meanwhile, announces FDIC community-bank initiatives.

As the FDIC files more lawsuits against former directors of failed banks, a common theme has emerged from the defendants’ legal arguments: the FDIC is to blame for the failures. Industry observers are divided as to whether the defense will hold water in court.

Major U.S. banks plan to launch a common website, toll-free phone number and advertising campaign in the coming weeks to solicit complaints from consumers harmed by problems in foreclosure processing, a top regulator said Monday.

Fannie Mae and Freddie Mac are gradually increasing the guarantee fees they collect from lenders, and may discontinue the volume discounts they give large banks, acting director of the Federal Housing Finance Agency Ed DeMarco said on Monday.

The former Investors Savings Bank in Short Hills, N.J., has shortened its name to Investors Bank to better reflect its increasing commercial focus.

The White House proposed Monday to "modestly" increase the fees that mortgage finance companies Fannie Mae and Freddie Mac charge mortgage lenders as a way to reduce the U.S. mortgage system's dependence on government support.

WSFS Financial Corp. in Wilmington, Del., has hired Paul D. Geraghty as its chief wealth officer.

Atlantic Coast Financial Corp. in Jacksonville, Fla., said in a regulatory filing last week that Robert J. Larison Jr. is retiring as its chief operating officer.

BBVA Compass plans to take a small first step into South Florida this spring, by opening a branch in Miami.

Dynamics announced a chip card that can re-write itself and hold two different accounts. The new product is a chip-based variation of Dynamics' rewritable magnetic-stripe card, which lets users select an account by pressing a button built into the plastic card.

Profitability is under attack in the banking world today. Economic realities and the regulatory environment have forced banks to change how they do business.

HARRISBURG, Penn. – Pennsylvania State Employees CU plans to break ground later this month on a 239,000-square-foot headquarters building that will accommodate as many as 750 of the credit union giant’s employees.