It really is a great time to be a credit risk officer, but many people might think that is an absurd statement.

Efforts to reach a settlement that would end the long-running probe of foreclosure practices are snagged over whether banks will get broad legal immunity from state officials for mortgage-related claims.

Since U.S. legislators and regulators failed to learn how banks' shared delusions generate systemic risk, it's not surprising that European banking regulators also missed the point.

Regulators closed banks in Florida, Georgia and Illinois Friday, all in places were many banks have already met their demise. On Thursday, a bank failed in Pennsylvania, one of just a handful to fail in that state in the last few years.

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Bankcard originations hit a three-year high during the first five months of 2011, as banks eased their underwriting standards and started reextending credit to riskier borrowers, according to the credit bureau Equifax.

With wild swings in the stock market, negotiations over protections form big changes in the stock values of buyers and sellers are bogging down an already slow deals market.

The Office of the Comptroller of the Currency closed Lydian Private Bank in Palm Beach, Fla., on Friday. The $1.7 billion-asset bank is the 10th bank to fail in Florida this year.

Modern Woodmen Bank, a relatively small direct bank, had to build and maintain a website that delivers more than what its two tech staffers could handle alone.

B of A's plans to cut 3,500 jobs — and perhaps more — are the tip of the iceberg for the entire industry. Expenses are too high and revenues too low for most banks to avoid layoffs.

The Mortgage Bankers Association raised its 2011 forecast of residential originations on Friday, citing historically low mortgage rates that have ignited refinance activity. But the higher projections do not indicate a recovery in the housing market.

The U.S. credit card charge-off rate rose slightly in July, but delinquencies fell to an all-time low as consumers continued to pay their credit card bills on time, Moody's Investors Service said in a report released Aug. 19.

There is now a gold-rush mentality among developers looking to produce the next hit mobile-payment application. The latest example was a "Pitch That App!" that drew more than 100 participants.

Dearborn Bancorp in Michigan may need to restate its earnings for the quarter that ended June 30 pending the results of its latest examination by the Federal Deposit Insurance Corp.

To survive, capital-starved Community Banks of Colorado has struck a deal to sell 16 branches as well as its name.

American Banker challenged the enforcement record of the FHA under the leadership of former commissioner David Stevens. During this period the program took important steps to reduce its risk.

More mortgage brokers are receiving notices from the FDIC that they may be sued for delivering bad loans to failed banks that were major wholesalers. But FDIC attorneys insist they are not targeting brokers.

While coaching is important, it would appear that “leading by example” is significantly more important.

PEWAUKIE, Wis. – Wisconsin’s credit unions will operate 95 branches inside elementary and high schools in the state this year, which is 18% of the branches available in the state, according to the Wisconsin CU League.

Sales of single-family existing homes fell 4% in July after a 1% increase in June, but condominium sales were unchanged month over month, according to the National Association of Realtors.