The newly introduced child support payment bill would change federal law in a way that advocates believe would make it more difficult for parents to hide assets ahead of credit checks.

Two House Financial Services Committee members introduced a bipartisan bill late last week that is designed to give lenders breathing room when new disclosure rules go into effect on Aug. 1.

Shares of HSBC Holdings Plc, Europe's largest bank, fell the most in two months in London trading after first-quarter revenue missed analysts' estimates and costs increased at a faster pace.

Bankers give too much credence to futurists and financial gurus who warn that technology will render the in-branch experience obsolete.

Wells Fargo & Co. was sued by Los Angeles for allegedly opening accounts and issuing credit cards without customers' authorization as part of what the city called a "fee-generating machine."

Two House Financial Services Committee members introduced a bipartisan bill late last week that is designed to give lenders breathing room when new disclosure rules go into effect on Aug. 1.

Last month Western Union sharply cut its prices to keep pace with the retail giant, several months after MoneyGram took a similar step. The developments offer a reminder of why banks remain scared of Walmart's consumer finance ambitions.

Debt settlement company Morgan Drexen Inc. filed for Chapter 7 bankruptcy liquidation Friday, shortly before a U.S. appeals court threw out the company's earlier constitutional challenge to the Consumer Financial Protection Bureau.

Business groups in North Carolina are backing a bill pending in the state’s House that would lift restrictions the legislature passed in 2009 to protect people from abusive collections.

Thanks to aggressive behavior by investor and other activists, bankers are sweating environmental, corporate governance, lobbying and other issues — not to mention their jobs — when they hold annual meetings. Those are on top of the usual protests and other wacky happenings.

Bank of America will let shareholders vote on the rule change that enabled Chief Executive Officer Brian Moynihan to become chairman — just not at this week's annual meeting.

Joann Needleman, current president of the National Association of Retail Collection Attorneys, has joined national law firm Clark Hill PLC.

Financial services technology has dramatically improved payments for consumers. E-commerce connects buyers and sellers around the globe.

A chief financial officer's workday is booked solid dealing with regulatory issues, risk assessments and finding places to cut costs. If they could find an extra hour, bank CFOs say they would use that time to consider how to improve their banks' strategies, employees and communities.

If banking is under attack, then chief financial officers are the defenders of the realm. Equipped with the numbers, they are uniquely positioned to bring the credible answers their stakeholders seek and the changes their companies need.

They spent their formative years analyzing balance sheets saddled with problem assets. They watched their mentors struggle to keep their banks afloat through the crisis. And they took good notes.

Our new special reports and proprietary research profile the key executives flanking the CEOs at financial institutions and explore how their roles have evolved. First up: the chief financial officer.

In March, American Banker Research conducted an in-depth online survey of 52 bank chief financial officers from American Banker's readership as part of our inaugural C-Suite Series. The respondents were from banks with less than $10 billion in assets, with vast majority coming from banks with $100 million to $1 billion in assets. They were asked how they spend their time, where they would like to take their careers and how they are handling the unprecedented challenges of today's banking environment. Among the insights revealed from the survey: Basel III hasn't been a big deal for the top line — yet; few CFOs are focused on mergers and acquisitions; and many of them consider their roles strategic. Highlights from the research follow.

IMGCAP(1)]

Of the nearly 5,000 institutions that fit our criteria for this ranking, these are the 500 most profitable as measured by their three-year average return on equity.