The Latest

A bill easing restrictions on the collection efforts of debt buyers won the endorsement of North Carolina's Senate Judiciary Committee in a voice vote Tuesday.

Regions Financial will pay a $7.5 million fine after the Consumer Financial Protection Bureau said it charged consumers illegal overdraft fees on checking and payday-loan-like accounts.

MCX CEO Dekkers Davidson has left the merchant-led mobile payments initiative, and will be replaced on an interim basis by Brian Mooney, a former Bank of America and First Data payments executive.

A former JPMorgan Chase employee was arrested by the FBI on charges of stealing customer data and trying to sell it to an undercover informant for tens of thousands of dollars.

Banks in Baltimore seem to have avoided the worst of the violence in the city's riots, though that's partly because they have few branches in some of the affected neighborhoods.

United Bankshares in Charleston, W.Va., reported higher profit more than a year after announcing a key acquisition.

Flagstar Bancorp in Troy, Mich., beat expectations as it reported stronger mortgage volume in the first quarter. The company reported net income of $31.5 million in the first quarter versus a profit of $11.1 million in the previous quarter and a loss of $78.4 million a year ago.

The loss of a key partnership with General Motors has left Ally Financial searching for new revenue streams. In the short term, the bank has ramped up its subprime auto lending, but to sustain its growth it must "get more out of customer relationships," says CEO Jeffrey Brown.

AUSTIN, Texas — Jwaala, a provider of mobile and online banking solutions to U.S. financial institutions, Tuesday said it has signed its 100th client in the credit union space — Palisades Federal Credit Union, Pearl River, N.Y.

The Consumer Financial Protection Bureau gave a strong warning to the banking industry on Tuesday when it fined Regions Financial $7.5 million for allegedly charging illegal overdraft fees.