Warren, now leading the formation of the Consumer Financial Protection Bureau, said while the new regulator reserves the right to halt marketing of financial services that are not consumer-friendly, there is no need for such a prohibition from the outset.

LIVONIA, Mich. – Co-op Services CU has selected CO-OP ATM Managed Services from CO-OP Financial Services to manage its 11 ATMs.

Didn't banks learn from the savings and loan crisis in the early 1990s?

Robert E. Bostrom, executive vice president and general counsel of Freddie Mac, will resign from his post effective July 29.

Foreclosure-related filings fell by almost 30% in the first half, to 1.17 million actions, but it appears much of the drop is attributable to processing and procedural delays, according to figures compiled by RealtyTrac.

Moody's Investors Service said late Wednesday its decision to put the U.S. government's debt on review for possible downgrade could have implications for certain rated residential mortgage products.

ECB Bancorp in Englehard, N.C., announced after the market closed Thursday that it is buying seven branches and $195 million of deposits in North Carolina from Hampton Roads Bancshares Inc. of Norfolk, Va.

Financial Plus Credit Union this week became the first company in the country to sign on to use FiSync, Dwolla's integration tool that shortens the process of linking accounts with the alternative payment provider from days to seconds.

DCB Financial Corp. in Lewis Center, Ohio, is closing a quarter of its branches and cutting 18% of its workforce in the next 90 days, according to a news report.

Shares of Lakeland Bancorp Inc. fell nearly 8% Thursday after the Oak Ridge, N.J., company reported second-quarter earnings that missed analysts' expectations.

The agency’s update of its 2005 digital banking recommendations is getting poor reviews. Critics claim it’s still widely open to interpretation and doesn’t plug all of the security holes

To make redeeming points easier for cardholders, Chase has adapted its core processing system to directly accept Amazon reward points.

NorthEast Community Bancorp Inc. is ready to make a gutsy move — an aggressive push into Boston that also involves originating its first single-family mortgages in roughly two decades.

Two New England thrifts have beefed up their commercial-lending operations by hiring teams of bankers from recently acquired banks.

First Place Financial Corp. said this week that it has launched an audit of its 2009 results and that it now operating under a cease-and-desist order from the Office of Thrift Supervision.

Driven by improved credit quality and double-digit increases in bank card and trust fees, Commerce Bancshares in Kansas City, Mo., reported a profit of $69 million in the second quarter, up 16% from the same period a year earlier.

Peer-to-peer loan facilitator Lending Club Corp. says a record $20 million of consumer loans were funded through its website in June, bringing the total amount of loans originated to more than $300 million since 2007.

Bank of Ozarks Inc. in Little Rock posted record earnings in the second quarter after acquisitions of two failed banks helped boost net income by more than 360%.

JPMorgan Chase & Co. Chief Executive Jamie Dimon talked up the housing market's prospects, downplayed his bank's exposure to Europe and urged parties in Washington to resolve the standoff over the debt ceiling Thursday.