People who repeatedly overdraw their accounts are very profitable, but Rusty Cloutier, CEO of Midsouth Bank i Lafayette, La., isn't so sure what's good for his bank is necessarily good for these customers.

Payday lenders seemingly have few friends in high places, but they recently found sympathy from a surprising source: an economist at the Kansas City Fed.

A dearth of relationships with the underbanked has perpetuated the shortage of insight into how low-income consumers manage their finances. Enter the U.S. Financial Diaries.

Banks and retailers are no longer fearful of the changing payments landscape, but they are still struggling to find their place in it. A report from Card Forum.

Restricted on capital. Burdened by heavy deposit insurance assessments. Threatened with losing their federal tax exemption. Little wonder credit unions are weighing conversion.

El Paso offers a microcosm of the banking industry across the country, illustrating how institutions operating side by side can diverge dramatically based on the decisions made every day about how to run them.

ROMULUS, Mich. – Public Service CU is rolling to a stop with its newest branch this morning, a branch on wheels.

On her way out as Federal Deposit Insurance Corp. chief, Sheila Bair told lawmakers that certain capital rules meant for large banks may affect small ones as well, and defended prompt corrective action in the face of an oversight report criticizing it.

First Connecticut Bancorp Inc.'s stock rose 10% Thursday in its first day trading on the Nasdaq after converting to a stock company from mutual ownership.

Glens Falls National Bank and Trust Co. in New York has promoted Thomas J. Murphy to president of the bank and senior vice president of its parent company, Arrow Financial Corp., effective July 1

WASHINGTON — TCF Financial Corp. on Thursday abandoned pursuit of a lawsuit against the Federal Reserve Board on its proposed debit interchange rule.

Deborah Wright has likely never been as happy to be a New Yorker as she is this week. Carver Bancorp, a struggling thrift company where Wright is the CEO, managed to bring in $55M in capital in a deal led by many of the city's heavyweights.

Merger-and-acquisition activity may be slow in most regions of the country, but it is picking up steam in California.

Dalhart Federal Savings & Loan Association will convert to a state-charted bank in Texas in response to the Office of Thrift Supervision's merger into the Office of the Comptroller of the Currency.

Several of the nation's largest financial services firms have teamed to recapitalize the ailing Carver Bancorp, which has been under an enforcement order since March to boost its capital ratios.

Loan Value Group LLC's Responsible Homeowner Reward program is gaining some fans on the Internet.

Wells Fargo & Co. and Bank of America Corp. have agreed to hand off some of the foreclosed properties they own in Cuyahoga County, Ohio.

After several setbacks and delays, the Uniform Collateral Data Portal is up and running.