The Federal Housing Finance Agency aggressively pushed back Tuesday against claims that Fannie Mae and Freddie Mac were sophisticated investors that should have done a better job of vetting their purchases of mortgage-backed securities.

A quarterly analysis of credit trends in Canada found that the average total debt for consumers ticked up in the second quarter ended June 30 to $25,603, a $6 increase from the first quarter total, which had marked the first decrease in nearly seven years. The total does not include mortgage debt.

U.S. government-backed firms and agencies should "stop punishing banks" and suspend demands for mortgage repurchases because they are impeding an economic recovery, according to Paul Miller of FBR Capital Markets & Co.

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PHILADELPHIA – American Heritage FCU will open a new branch next Monday in a ShopRite supermarket in downtown Philadelphia.

Banks with assets of less than $10 billion are exempt from the Dodd-Frank Act's restrictions on debit interchange, but even those who are exempt from the law are still bracing for what they see as its inevitable effects on their checking accounts and other operations.

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Bank of America ousted prominent executives Sallie Krawcheck and Joe Price on Tuesday as part of Chief Executive Brian Moynihan's efforts to reorganize the struggling company.

Bank of America Corp. Chief Executive Brian Moynihan shook up his management team Tuesday, ousting wealth management head Sallie Krawcheck and consumer-banking head Joseph Price.

Merchant terminal maker just finished third quarter of 20%+ revenue gains.

Low-risk reinsurance vehicles amounted to illegal payoffs, the HUD Inspector General's office found in 2009. But the Department of Justice hasn't acted on the case referred by to it by HUD investigators.

Two important votes this month will determine fate of ACI Worldwide's hostile bid for S1, which would thwart S1's planned merger with Fundtech.

Equifax has acquired Datum, a Costa Rican credit reporting company.

Just days after announcing plans to raise $10 million in a preferred stock offering, BofI Holding Inc. in San Diego now says it intends to raise $18 million.

More banks deals occurred in California in the first half than in any other state. Its advanced economic recovery, plethora of targets and allure for investment dollars could spur more.

App lets students deposit checks using their iPhone, iPad or dorm room scanner.

Is it worth delaying a bottoming-out of the housing market, and allowing some delinquent borrowers to freeload for a time, in order to prevent the rare but documented instances of someone being wrongly foreclosed on?

Community Pride Bank Corp. in Ham Lake, Minn., is under orders from the Federal Reserve Bank of Minneapolis to use all of its "financial and managerial" resources to ensure that its bank subsidiary remains safe and sound.

Rogers Communications Inc., Canada's biggest wireless phone company, plans to start a bank, primarily focused on credit, payment and charge-card services, a filing with the Canadian government said.

The FDIC has terminated its consent order against Clarkston State Bank in Michigan after the bank recapitalized with investments from private citizens and current board members and made improvements in managing its loan portfolio.