Prepaid card issuer MetaBank will pay $4.8 million to customers under an order from regulators, in the latest fallout from a discontinued high-interest, small-balance loan product.

In addition to leading the commercial card unit, Andrew Pilkington will serve as interim principal officer for the Canadian branch of JPMorgan Chase Bank and president of JPMorgan Bank Canada.

ALBANY, N.Y.-SEFCU has experienced double-digit member growth over the last two years and credits its presence on college campuses for much of the succsess. So when a local bank recently gave up its office at Rensselaer Polytechnic Institute, the credit union moved to scoop it up.

MGIC Investment Corp. swung to a second-quarter loss as the private-mortgage insurer reported it incurred sharply higher losses on mortgages it insures.

BETHPAGE, N.Y. – Bethpage FCU plans to open two Long Island branches later this year and three to five the following year.

Another Friday night of failures brought down four banks in regions that have been all too familiar with closures.

Consumers who bought their current home in 2007 or later, but are reselling it now, are overpricing their properties by at least 14% on average, according to Zillow, the online real estate database.

Independent Bank Corp., reported second-quarter earnings of $11.1 million, a 38.5% increase over the year-ago period.

Government National Mortgage Association issuers sold $26.2 billion of mortgage-backed securities into the secondary market in June, up 3% from May, according to new government figures.

Arrow Financial Corp. reported second-quarter profit of $5.8 million, a 2.4% increase over the same period last year.

Citing improved asset quality and a widening net interest margin, Webster Financial Corp. in Waterbury, Conn., reported a $33.4 million profit in the second quarter, an increase of more than 162% from the same period in 2011.

Aiming to increase its trust assets under management, WSFS Financial Corp. in Wilmington, Del., has formed a seven-member advisory board to help it better serve existing clients and identify new ones.

Shares of Orrstown Financial Inc. fell sharply Friday after the Shippensburg, Pa., company warned that it expects to take a larger-than-expected provision for loan losses in the second quarter.

Canadian Imperial Bank of Commerce is tiptoeing back into the U.S. after losing billions of dollars in a botched stateside push a decade ago.

Tom Considine, who leads the New Jersey Department of Banking & Insurance, has aggressively lobbied federally chartered thrifts, arguing that they're closer than federal regulators, less expensive and they won't dissolve.

The U.N.'s credit union is enjoying big success with EMV compliant cards. Meanwhile, a new international card crime wave puts more pressure on U.S. banks to offer chip-and-PIN cards, which most of the world considers more secure than magnetic stripe.

Despite declining nonperforming assets, Severn Bancorp Inc. in Annapolis, Md., boosted its loan-loss reserves by $3 million in the second quarter.

It's been difficult to know if the hundreds of billions of dollars of residential loans banks have restructured over the past several quarters are really working. Soon there will be more clarity.

Bank of America Corp., the biggest U.S. lender, has made a preliminary offer to the bond insurer MBIA Inc. aimed at settling a legal dispute tied to defective mortgages, according to two people briefed on the discussions.

James Grant discusses shinplasters and the roots of today's moral hazards.