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Bank of Mingo in Williamson, W.Va., will pay a total of $4.5 million in fines and legal settlements after it was investigated for violating anti-money-laundering laws.

More than a year after the CFPB revamped its employee rating system following allegations of discrimination, Equal Employment Opportunity complaints have surged and the agency faces ongoing accusations of bias and retaliation against workers who speak out.

The $18.7 billion-asset company said in a press release Monday that Eric Yeaman will also become its chief operating office on June 22.

Revere Bank in Laurel, Md., has raised $15.5 million through a private placement of its common stock. The $717 million-asset bank sold 1 million shares at $15.50 per share.

The decline in foreclosures and short sales is contributing to the dearth of housing inventory, complicating the prospects for home buyers feeling the pinch of tight credit and lenders that need purchase mortgages to supplant refinancing once interest rates rise.

Credit unions serving federal employees are now on heightened alert following revelations of a huge data breach at the U.S. Office of Personnel Management (OPM).

The mega-banks' P2P venture, clearXchange LLC, has developed technology that could give it a key role in any implementation of faster payments in the U.S.

A breakdown of M&A announcements in the financial services industry for the week ended June 13.

Actors FCU executive says CU made FinCEN's list for one simple reason: it was doing exactly what it was supposed to do.

SunTrust Banks in Atlanta has promoted its head of commercial specialty segments to corporate treasurer.