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Mortgage servicers have failed to make significant investments in technology and compliance systems, resulting in substantial harm to consumers, according to a report issued Wednesday by the Consumer Financial Protection Bureau.

Southern Banc in Gadsden, Ala., said it could report a loss for its fiscal year after recording a charge tied to a bad loan.

Industry and consumer groups are calling on the Federal Housing Finance Agency to reduce the loan fees that homebuyers have to pay on Fannie Mae and Freddie Mac guaranteed mortgage loans.

Republicans in the House of Representatives blocked an amendment that would have prevented federal regulators from pursuing enforcement actions against credit unions and banks dealing with legal marijuana businesses.

WASHINGTON — Marijuana businesses and banks looking to open their doors to the potentially lucrative clients suffered a blow Wednesday after House Republicans blocked an amendment that would have prevented federal regulators from pursuing enforcement actions against banks dealing with the businesses in states with legalized pot.

Of all the changes in the banking industry over the last eight years, this one is perhaps most surprising: the bank that was once synonymous with high finance now takes deposits as small as $1. Here is a look at key steps in Goldman Sachs' decision to look beyond its roots in investment banking and develop a retail business.

A look at who’s been commended, elected and promoted in the credit union community.

Ripple's distributed ledger technology has been attracting users interested in an alternative method to execute international payments, and this week it added seven new banks to its network.

WASHINGTON — Industry and consumer groups are calling on the Federal Housing Finance Agency to reduce the loan fees that homebuyers have to pay on Fannie Mae and Freddie Mac guaranteed mortgage loans.

U.K. youth payments startup Loot hopes to widen its user base following a new $2.2 million funding round.