The Latest

Wells Fargo has agreed to pay $81.6 million to settle a federal investigation into its alleged failure to properly notify homeowners of increases in their mortgage payments.

Financial institutions that hold government debt would be severely affected if Puerto Rico is allowed to restructure its constitutionally-backed debt.

As oil and gas prices keep sliding, banks with large energy loan books are doing what they can to manage ever-increasing risk. It's not just about reducing exposure; many are also working closely with oil, gas and other energy clients to help them raise capital or boost cash flow. Here's a sampling what bankers said on third-quarter earnings calls about the state of their energy books and what, in some cases, they are doing to prevent clients from defaulting on their loans.

United Community Banks in Blairsville, Ga., has added a former BB&T executive to its board.

TCF Financial faces a potential lawsuit from the Consumer Financial Protection Bureau over the way the Wayzata, Minn., company charges overdraft fees.

Just as the California and Nevada Credit Union Leagues' annual meeting was kicking off on the West Coast, the New York Credit Union Association announced it is calling on the CUNA Board to reconsider a task force's recommendation that the dual CUNA/League membership requirement be eliminated, making it one of the hottest topics on tap at CCUL/NCUL meeting in Palm Desert, Calif.

Fannie Mae will pay the U.S. Treasury Department $2.2 billion after reporting a net income of $2 billion for the third quarter.

WSB Bancshares in Wellington, Texas, has agreed to buy XIT Bancshares in Littlefield, Texas.

Heart O' Texas Federal Credit Union, a $55-million institution based in Waco, Tex., named Melissa Hagenbuch as its new president and CEO, effective Dec. 7.

The heads of CUNA and the California and Nevada Credit Union Leagues argued now is not the time for CUs to break up the CUNA/state league system that works well together.