San Francisco's city attorney said Bank of America Corp. agreed to a $5 million settlement of a suit over its use of the National Arbitration Forum to handle credit card disputes.

Community Choice Financial Inc., a payday-loan company backed by a New York private equity fund, filed for a $230 million initial public offering this week, expanding some sources of consumer lending as traditional banks face new regulatory restrictions.

ATM makers will have to start building chip-card acceptance into their machines soon, even though they are not one of the groups Visa targeted in its incentive plan for chip-card conversion in the U.S.

Mark Furlong, head of the Canadian bank's expanded U.S. unit, predicts its commercial lending may expand this year but overall lending will keep shrinking into next year.

Most banking agencies kept running on Tuesday after a 5.8 magnitude earthquake rattled Washington, but let some employees go home. There were no immediate reports of damage to any of the buildings.

The FDIC charged executives of the failed Silverton Bank with squandering millions on planes, posh digs, and island retreats.

An internal dispute results in B of A's files apparently being destroyed by former associate of WikiLeaks founder Julian Assange.

Web redesign moves a full picture of customer relationships and account info to the landing page.

One of the nation's largest mortgage servicers filed a lawsuit on Tuesday against Lender Processing Services Inc., a top mortgage-industry technology-and-services vendor, alleging that the firm improperly signed mortgage documents on its behalf and triggered millions of dollars in legal expenses as a result.

A federal judge says the Federal Deposit Insurance Corp. can't dodge a $10 billion lawsuit over the toxic remnants of Washington Mutual Bank.

It will take less time than previously expected for the housing market to clear the supply of distressed homes on the market, but that so-called shadow inventory will still be around for nearly four years, Standard & Poor's Rating Services said this week.

Auto loan delinquencies continued to shrink in the second quarter, outpacing expected seasonal declines, TransUnion LLC said Tuesday.

Community groups in California are protesting Capital One Financial Corp.'s planned acquisition of ING Direct, saying the banks have done little to help low-income communities in a state that has accounted for a large chunk of their profits.

An Ohio storefront alternative lender has filed for a $230 million initial public offering, as traditional banks maintain a tight-fisted approach to consumer lending.

CoBiz Financial Inc. said Monday that it was initially approved for as much as $57.4 million from the Small Business Lending Fund program — the second highest amount approved to date.

New home sales in July came in at a slight decline from the prior month, a sign that ultra low mortgage rates are still not moving sales off their Depression levels.

The Federal Deposit Insurance Corp.'s "Quarterly Banking Profile" showed many positive signs for the industry. Net income was nearly 38% higher than a year earlier, registering the eighth straight quarter with year-over-year earnings growth. Total loans rose 0.9% in the quarter to $7.3 trillion, the first such increase in three years.

Miami-based Ocean Bank faces a nearly $11 million fine to settle charges it turned a blind eye to drug traffickers allegedly using the bank to launder money.

American Express Co. and Mercedes-Benz USA have introduced a cobranded card with rewards tied to the luxury car brand, in the latest credit card industry effort to gain business from upscale consumers.

Central bank proposes two-year phase-in period for thrift holding companies to start new reporting requirements.