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Congressional action is necessary to give financial regulators the tools they need to promote responsible innovation.

Christy Romero, the special inspector general for the Troubled Asset Relief Program, and two other government entities were involved in a probe that led Lamar Cox, former chief operating officer at Tennessee Commerce Bank, to plead guilty to misleading the FDIC.

The West Virginia company sold the mortgages to Residential Funding and ResCap Liquidating Trust between 2003 and 2007.

Fannie Mae has made three selling guide changes aimed at helping the growing number of borrowers with student debt qualify for home loans, and may begin testing similar proposals related to this goal.

Merger-related expenses cut into the Pittsburgh company's earnings, though management is excited about growth opportunities in North Carolina.

Double-digit gains in assets under management and administration and higher interest rates more than offset rising expenses.

Oregon-based CU increased its loan portfolio by $17.5 million.

In the past, card issuers could lure new customers by offering a low promotional rate. But regulations in the wake of the financial crisis don't allow rate adjustments, and issuers also can't increase credit lines as they did in the past.

The Cincinnati company’s 1Q profits were hurt as it scaled back in key consumer and commercial credits, paid higher severance and saw fee income fall.

The Florida company relied on loan growth and loan sales to offset higher expenses and ongoing issues in its taxi medallion lending operations.