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The government agency that guarantees securitizations of Federal Housing Administration-insured loans is testing a pool type that consists only of modified and reperforming loans.

University of Virginia Community Credit Union in Charlottesville, Va., has completed its merger with Northern Piedmont Federal Credit Union in Warrenton, Va.

Debt collection, credit reporting and mortgages topped the list of complaints to the Consumer Financial Protection Bureau last year, while complaints about prepaid cards and consumers loans soared, the agency said Friday.

Even if people don’t fall for Community Choice CU’s April Fool’s Day prank, the CU hopes to show consumers that if they’re banking with a bank instead of a credit union, they’ve already been fooled.

HSBC hasn't adhered to terms outlined in a U.S. deferred-prosecution agreement requiring compliance measures to detect and prevent violations of money-laundering and sanctions laws, an external monitor said.

Clifton Bancorp in Clifton, N.J., said Friday that it has hired the former chief executive of a nearby rival as chief operating officer.

The Federal Reserve has given final approval to a rule that will let banks include investment-grade municipal bonds among the assets they use to meet regulatory requirements to ensure they have sufficient liquidity to weather a crisis.

The Consumer Financial Protection Bureau has amassed more than $300 million in so-called "unobligated balances" in its civil penalty fund, driven by a bumper crop of penalties against financial institutions in the past year. Some are questioning why the balances remain so large, year after year.

Amazon.com Inc.'s relaunch of its online payments business in 2013 was greeted with skepticism. PayPal Holdings Inc. had a huge head start and credit card companies like Visa Inc. already had products that made buying something on the Web as easy as swiping a card.

More than two-thirds of all U.S.-issued MasterCard consumer credit cards are now chip-enabled and the number of merchants accepting EMV transactions continues to climb, MasterCard said March 31.