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Comptroller of the Currency Thomas Curry said today that the existing framework for assigning Community Reinvestment Act assessment areas based on branches will have to be reconsidered "sooner or later."

Granite Bank in Colebrook, N.H., has named a Minnesota community banker as its new chief executive.

House Financial Services Committee members asked CFPB Director Richard Cordray tough questions this week — but they let their own theatrics trump substance, using their time to berate the CFPB chief rather than engaging in substantive discussion.

As one of the most antagonistic lobbying battles in Washington escalates -- where financial institutions like JPMorgan Chase and Visa are sparring with companies such as Walmart over credit card swipe fees -- a powerful ally is again sticking up for the retailers.

A California federal judge has ordered debt relief company Morgan Drexen Inc. to pay the Consumer Financial Protection Bureau more than $173 million to resolve an August 2013 lawsuit claiming the company collected illegal upfront fees for debt settlement service and ran deceptive advertisements.

The Independent Community Bankers of America and the Credit Union National Association sent a joint letter to the Financial Accounting Standards Board urging changes to a proposal to alter how financial institutions establish reserves for loan losses.

Bank of America's board approved the repurchase of as much as $800 million in shares, joining JPMorgan Chase and Capital One Financial this year in returning more capital to shareholders.

Executives at banks that have not taken advantage of low stock prices to buy up their own shares could get hammered during quarterly earnings calls in April.

The Credit Union National Association joined forces with the Independent Community Bankers of America on a letter to the Financial Accounting Standards Board urging changes to a proposal to alter how financial institutions establish reserves for loan losses.