The United Kingdom has already seen the emergence of mobile-first institutions that have won regulatory approval for a banking charter. It is only a matter of time before they invade the U.S. market.

The Federal Housing Finance Agency unveiled a new proposal Tuesday that would detail how Fannie Mae and Freddie Mac should serve three underserved markets: manufactured housing, affordable housing preservation and rural markets.

Four alleged mortgage modification scammers are banned from selling debt relief products and services under settlements resolving Federal Trade Commission charges that they deceived homeowners facing foreclosure.

A long-awaited proposal to strengthen payday and small-dollar loan rules is nearing release by the Consumer Financial Protection Bureau more than nine months after the agency initially unveiled the plan.

Millennials starting their careers with $30,000 in student loans could enter retirement with far less savings than those without any education debt, according to research from the LIMRA Secure Retirement Institute.

Southwest Bancorp in Stillwater, Okla., has hired a group of former National Bank Holdings commercial lenders to lead its Colorado market.

Digital Asset Holdings, a blockchain technology developer, has named former executives from SunGard Data Systems and Swift to its board and management team.

Frandsen Financial in Arden Hills, Minn., has agreed to buy Provincial Corp. in Lakeville, Minn.

The agency made good on a vow to make 2015 the "year of regulatory relief," causing headaches for the banking industry in areas such as field of membership and member business lending.

California regulators on Monday identified 14 companies that the state is targeting as part of its recently announced inquiry into the marketplace lending industry.

Relations between banks and fintech companies are starting to thaw as the two sides begin to acknowledge the advantages of scale that exist when they join forces.

The Irvine, Calif.-based company plans to offer subprime borrowers the ability to get an auto loan online or through a smartphone.

Debt-buying giant PRA Group, based in Norfolk, Va., has seen negative operating leverage in recent years because of the effects of the global economy, according to Zacks Investment Research.

For an industry on the precipice of redefining what a bank is and does, there's a disturbing absence of effort to welcome more women.

Associates of Glen Falls Insurance said that it bought Loomis & LaPann, an insurance unit of Arrow Financial that focuses on amateur sports, for an undisclosed price.

Some are on the hot seat. Others are replacing legends or overseeing make-or-break initiatives — from big mergers to product expansions to tech overhauls. These are the bankers to keep an eye on in the new year.

Union Community Bank in Mount Joy, Pa., will promote its chief operating officer to lead the bank, after the retirement of its longtime president and chief executive.

A bill in Wisconsin would help libraries collect overdue book fines by allowing them to share patron information and use collection agencies or law enforcement agencies.

Branches using technology to issue cards on the spot leads to increased card usage, so banks should aim to maintain instant issuing capability with the EMV conversion.

The Bancorp in Wilmington, Del., is looking for a new chief executive. The $4.7 billion-asset company said that Frank Mastrangelo resigned as CEO to become its technologist in residence.