VeriFone finished its purchase of the rival terminal maker Hypercom after it reached a settlement with the Justice Department to sell Hypercom's U.S. terminal business to the private-equity firm Gores Group.

President Obama has finally nominated a director for CFPB, but the move came at least a year too late to do the agency any good.

Online Resources' second-quarter revenue grew 5.4% year-over-year, to $38.3 million, from higher sales of e-commerce services.

First Security Bank of Nevada in Las Vegas has received a much-needed capital boost.

Agency unveils new pilot program for smaller investors wanting to bid on loans.

Aided by two acquisitions and sharply lower deposit costs, BankFinancial Corp. in Burr Ridge, Ill., swung to a profit of $1 million in the second quarter from a loss of $288,000 in the same period last year.

Recent regulatory developments in the U.S. and the U.K. attempt to reverse efforts to stamp out rating agencies. Their role must be trimmed back and banks must be encouraged to develop standardized methods of calculating risk and capital as a substitute for external ratings.

Cardinal Bankshares' biggest outside shareholder is hopping mad over an act that normally gives investors comfort: succession planning.

NetSpend has learned the hard way that tapping into the vast market of underbanked consumers isn’t so easy. Its revenue failed to meet analysts’ estimates and it lost three distributors.

The number of deals rose slightly in the second quarter, but take away big acquisitions by PNC and Capital One and the value of them fell.

The Department of Housing and Urban Development has reached a settlement with Bank of America, which releases the company from liability for failing to provide alternatives to foreclosure on 57,000 delinquent government-insured mortgages.

Banking has become a complicated business, and working with regulators and other outside parties such as auditors and shareholders makes it even more so. Management teams, especially directors, increasingly need simpler tools such as dashboard reports and guidelines rather than complex methodologies and models.

Citizens Financial Group Inc. is offering a new credit card that will allow its small-business customers to set spending controls on cards issued to their employees.

Community bank letting a vendor keep its systems up to date on regulatory requirements.

Buoyed by gains in mortgage-servicing revenue, Ocwen Financial in Atlanta reported net income of $26.4 million in the second quarter, up 65% from the $16 million it earned in the same quarter last year.

Clifton Savings Bancorp Inc. in New Jersey said that its second-quarter net income fell nearly 18% from the same period last year due to legal expenses related to its decision to terminate its planned second-step conversion.

Last month, our article focused on the Durbin amendment and what banks can control when faced with legislative mandates with which they must comply.

Profits at TFS Financial Corp. in Cleveland fell sharply in the quarter that ended June 30, as a surge of new loan activity could not make up for a steep drop in noninterest income.

In one of the first actions of its kind, the National Credit Union Administration has sued a real estate appraiser it says provided a faulty appraisal for a loan that left the now-defunct Utah Central Credit Union holding the bag for more than $400,000.

Annaly Capital Management posted second-quarter net earnings of $120.8 million, compared with a loss of $218.2 million a year earlier.