MDR Mortgage and its founder and president Robert Luce are facing a lawsuit filed by the Department of Justice for the alleged misrepresentation of Department of Housing and Urban Development-insured loans.

The 'on-again/off-again' sale process has started once again for Aurora Loan Services, the Colorado-based mortgage banking division of Aurora Bank FSB, according to industry officials.

Old National Bancorp's purchase of Integra Bank, its largest competition, is not your usual FDIC failed bank deal, and could be considered subtraction by addition.

In a flat-fee model, most of the innovative energy goes into reducing costs rather than developing services that customers value.

John F. Novak, chief executive of Millennium Bankshares Corp. in Sterling, Va., is expected to step down at the end of this month.

The Buffalo bank worked too hard during the crisis years to put its efforts "in harm's way," Koelmel said.

Premier Financial Corp. in Huntington, W.Va., has received permission from the Federal Reserve Board to once again start paying down its debt to the U.S. Treasury Department.

Debit issuers scrambling to ensure they have appropriate fraud protections may find their efforts cost them more than the one-cent perk the Fed offers under its new interchange fee rules.

To help distribute its Serve digital payment and wallet service, American Express Co. on Aug. 1 announced a deal in which Verizon Wireless will integrate the platform into many of its mobile phones and tablets.

An aggressive push by the Justice Department to investigate fair lending claims is prompting a backlash from bankers who claim the government is abusing its authority.

The proposed Qualified Residential Mortgage rules have a better chance at harming the housing market than they have at addressing underlying weaknesses in the securitization process. They are an overreaction to the excessive risk-taking during the housing boom.

The roster of big banks using Fiserv's online personal payments system is growing with the addition of BBVA Compass. The bank is using ZashPay to support its own service, Simple Personal Payments.

Buffalo bank's deal for 195 HSBC branches will require raising capital, divesting and integrating technology. Execs insist it’s all manageable.

An activist investor at Cardinal Bankshares Corp. in Floyd, Va., is protesting the company's latest executive hire.

Coming off the best quarter in its 101-year history, German American Bancorp in Jasper, Ind., appears to be readying itself for expansion.

A federal court has halted an online operation that allegedly debited consumers’ bank accounts without their consent when consumers visited the defendants’ Web sites seeking payday loans.

OmniAmerican Bancorp Inc. in Fort Worth, Tex., said Monday that its net income for the second quarter more than doubled from a year earlier, to $1.2 million, due largely to lower deposit costs and 20% increase in interest-earning assets.

PNC Chief Rohr has "no interest" in Regions or SunTrust after RBC deal, Stifel Nicolaus analyst says.

The Federal Deposit Insurance Corp. has ordered three community banks hobbled by losses on real estate loans to raise fresh capital or merge with other banks.

Discover Financial Services' strategy to diversify beyond credit cards suffered a setback as the lender's deal to buy $1.1 billion in banking deposits from Allstate Corp. has fallen through.