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ChoiceOne Financial Services in Sparta, Mich., will begin work on remodeling its bank's headquarters in May.

The agency may finally be reaching resolution on whether Fannie Mae and Freddie Mac will allow principal reductions, two years into Director Mel Watt's tenure as agency director and nearly a decade after the mortgage bubble burst.

Many moons after the U.S. payment industry adopted a largely chip-and-signature approach to EMV instead of chip-and-PIN security that’s standard elsewhere, rising merchant chargebacks are leading some to question the wisdom of PIN-free payments.

With its cooperative history, the credit union industry needs to coordinate efforts to win key legislative and regulatory battles ahead.

The House passed a bill late Monday to extend foreclosure relief for military service members through the end of next year.

West Virginia Attorney General Patrick Morrisey’s office has reached a $19.7 million settlement with Cavalry Portfolio Services in a six-year-old case where the debt collection firm faced accusations of pursuing debts in West Virginia without a license to do so.

Most breaches tie back to a single error by an employee, making training a key investment in securing information.

The Clearing House Association, a trade group including some of the largest U.S. banks, said in a comment letter Tuesday that the Fed’s proposed countercyclical capital buffer plan potentially violates administrative procedure laws.

The Consumer Financial Protection Bureau faces a tough balancing act as it seeks to issue a proposal to rein in high-cost payday loans.

The House passed a bill late Monday to extend foreclosure relief for military service members through the end of next year.