The Latest

Guardian Mortgage has named a Bank of America executive to succeed Marcia Phillips as chief executive.

Promontory Financial trades on its ability to deal with regulators, so being banned by New York's top financial regulator is a serious problem. A potentially messy court fight may be the only way to protect its cachet.

Digital Federal Credit Union of Marlborough, Mass., and USAlliance Federal Credit Union of Rye, N.Y., have launched new mobile banking apps that feature integration with wearable devices.

Banks are seeing stronger consumer demand for credit for a range of products, including residential mortgages, auto loans and credit cards, according to a Federal Reserve Board survey of senior loan officers released Monday.

Federal Reserve Board Gov. Jerome Powell and the top adviser to Treasury Secretary Jack Lew said that, based on the recent autopsy of the October 15, 2014 spike in Treasury yields, there is reason to believe that high-frequency or algorithmic trading may elevate the risk of similar events in the future

The past two weeks have dashed hopes by bankers that the New York Department of Financial Services might take a different approach after the departure of Benjamin Lawsky as its superintendent. In taking actions against Promontory Financial Group and launching a probe into a bank-run instant messaging service, the agency appears poised to carry on Lawsky's legacy.

Demonstrating that its contactless payments technology can serve other purposes, Powa Technologies will provide its PowaTag to Vodafone customers in the U.K. as a way to add minutes to their phone plans.

An estimated 12 million Americans buy used cars through informal channels each year. Those consumers are underserved by traditional auto lenders, says Lending Club Chief Executive Renaud Laplanche.

A quick look at who's climbing the credit union ladder.

Most real estate agents and home builders have heard about the new mortgage disclosures that take effect Oct. 1 but are light on the details, and many of the lenders they rely on lack sufficient understanding to help them.