Regulators, mortgage insurers, and plaintiffs' attorneys all failed to stop a decade-long pay-to-play scheme in captive mortgage reinsurance alleged by HUD's inspector general. But the short-term profits the deals produced may have cost banks a great deal in the long run.

It looks bad for fans of the higher loan limits for the government-sponsored enterprises, but that hasn't stopped housing, realty and mortgage trade groups from promoting the issue.

It would seem like a no-brainer for troubled European banks: sell their prized U.S. units to stateside rivals that are eager to grow. But conditions just aren't right.

Google Inc. will launch its mobile wallet with MasterCard Inc. and Citigroup Inc. in "a couple of weeks," MasterCard CEO Ajay Banga said, but he cautioned that Americans will not regularly pay with their phones for years to come.

Reports filed by major issuers in mid-September - the first round of data since the debt ceiling standoff and since the Eurozone crisis boiled anew - were mixed, but showed no major fault lines.

Faulty mortgages and foreclosure abuses have cost the nation's five biggest home lenders at least $65.7 billion, according to a tally by Bloomberg News, and new claims may push the industrywide total to twice that amount.

Many successful banks prefer to sell primarily through branches. This includes some large ones, such as Wells Fargo, plus a great many community banks.

Happy Bancshares Inc. in Canyon, Texas, has agreed to acquire Signature Bancshares Inc. in Dallas.

"We should not be penalized because we were not on the favored list of institutions that were deemed 'too-big-to-fail,' " Mike Perry says in a public campaign rarely seen from an executive of a failed bank.

S1 confirmed Friday that its planned merger with Fundtech has been terminated. But S1's board still does not want the company to be bought by ACI Worldwide, which has made repeated hostile bids for S1 in recent weeks.

Fiserv will begin personalizing chip payment cards based on the EMV standard. These cards feature a micro-processing chip that stores cardholder data more securely than magnetic stripes do.

A pair of banks formed just before the 2008 financial crisis are the latest to merge as other opportunities to deploy capital remain elusive.

Citigroup Inc. is raising the fees it charges customers for its basic checking accounts to $10 per month, and it will no longer give them rewards for using its debit cards, in the wake of new regulations capping debit interchange fees.

First M&F Corp. in Kosciusko, Miss., is looking to shed six branches, or roughly 14% of its offices.

ALEXANDRIA, Va. – Belvoir FCU, one of the defense credit unions expected to benefit from the Department of Defense’s Base Realignment and Closure procedure, has opened a branch in the DoD’s new BRAC Mark Center Building, which is on Fort Belvoir.

U.S. regulators are examining whether the nation's home lenders have accurately valued $845 billion of home equity and other second-lien mortgages, according to seven people with direct knowledge of the matter.

Encouraged by H&R Block Inc.'s decision to stop offering controversial loans linked to tax refunds, consumer groups have urged other tax preparation companies to "just say no" to offering the high-cost, short-term loans.

The residential mortgage market has been plagued by uncertainty as the industry waits for guidance on risk retention, new disclosure requirements, and some kind of resolution of Fannie Mae and Freddie Mac.

Superior Bank in Tampa has added another former Regions Bank executive to its management team, naming Sean Johnson as its head of retail banking.

If a merchant plans to use advanced data encryption as a credit card data security measure, the Payment Card Industry Security Standards Council now has some guidelines for how best to go about it.