Community First Bank in Seneca, S.C., has overhauled its executive management team, including naming new chief executive, financial and credit officers.

A rigorous job-training program run by the nonprofit Year Up is helping the likes of Bank of America and JPMorgan Chase fill important technical positions. It's also helping lift young adults out of poverty and into meaningful careers.

While the CFPB's proposed rules may force payday lenders to adjust their business models, well-meaning ones should be able to operate in this new framework.

Mortgage finance company Fannie Mae revealed details Wednesday of its first-ever large sale of non-performing mortgages, a move that could make it easier for some of the borrowers behind the loans to stay in their homes.

Prosper Marketplace, one of the leading U.S. consumer marketplace lenders, announced $165 million in equity funding from large banks and other investors Wednesday.

The nation's largest banks are again under attack — this time over how they treat their own rank-and-file employees.

Mounting yet another defense of JPMorgan Chase’s size and scope, Chairman and CEO Jamie Dimon pointed out the fallibility of smaller banks in his annual letter to shareholders.

Independent lenders rebut suggestions that they pose a greater risk to FHA (and hence taxpayers) than the large banks.

The $5.8 billion First Financial said in a press release Wednesday that it will pay $1.9 million in cash for 4Trust Mortgage in a deal that should close next month.

WASHINGTON — The Consumer Financial Protection Bureau has filed a massive lawsuit against more than a dozen debt collectors, payment processors and related entities that the agency said failed to stop fraudulent collection tactics.

The agency announced Wednesday it had filed a massive lawsuit against more than a dozen debt collectors, payment processors and related entities that the agency said failed to detect fraudulent collection tactics. By including processors in its suit, observers said the CFPB's move resembles the Justice Department's Operation Choke Point.

The state's banking lobby is opposing a bill that would make it easier for thrifts to hold municipal deposits because the proposal would also let credit unions go after the same business.

The Topeka FHLB's plan to allow participations in newly issued mortgage pools may benefit members institutions and the bank itself – and could soon be imitated by other Home Loan Banks.

Consumer borrowing to a record high in February, fueled by a large jump in auto and student loans. The value of non-revolving debt climbed by the most since July 2011.

Ninety-two percent of Americans are "very or somewhat confident" in their most recent big financial decision - such as picking a credit card, buying a car or refinancing a mortgage, according to a survey by the National Foundation for Credit Counseling and NerdWallet.

Washington Attorney General Bob Ferguson is suing Student Loan Processing and owner James Krause for allegedly charging consumers in the state “exorbitant and illegal” fees to help with their student loan debt.

Pinnacle Financial Partners in Nashville has agreed to buy CapitalMark Bank & Trust in Chattanooga, Tenn.

The partnership with MAX Exchange is designed to enable community banks to sell their loans and get better pricing.

M&T Bank still can't get the Fed's blessing to buy Hudson City. The latest delay raises questions about Hudson City's fate and what could be going on internally at the Fed to keep the acquisition in limbo.

CBank in Cincinnati has agreed to buy Commercial Industrial Finance, a St. Louis equipment leasing and finance firm.