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The Cincinnati bank's profit-improvement plan is as detailed as it gets, but there is an argument to be made it is heavy on metrics and light on vision.

Joseph Evans will step down as CEO on June 1, though he will remain the company's chairman. Thomas Wiley, a longtime associate of Evans, is set to take the helm.

The Consumer Financial Protection Bureau sued four online tribal lenders on Thursday for illegally collecting debts in 17 states where they are prohibited by state usury or licensing laws.

Many consumers dread the car buying or leasing process—and with good reason. The process of finding a car, negotiating its price and then further negotiating the financing can be arduous. It's no more fun to begin making the monthly payments.

MidSouth also removed Cloutier's son as part of what it called a "transition plan already under way to improve” performance.

The onslaught of regulatory actions against Ocwen may open the door for Nationstar to pick up a massive subservicing portfolio from the beleaguered servicer.

The Conference of State Bank Supervisors has sued the OCC before the agency has finalized the requirements for a fintech charter, fueling speculation state regulators are trying to delay deployment or scare away potential applicants.

The weakening car-loan market poses a big challenge for the Detroit-based lender, but it also could also present an opportunity, since other big banks are sharply reducing their exposure.

The Sun Belt lender also increased fee income and kept expenses down in the first quarter.

All six institutions have assets of $1 billion or more.