New York Attorney General Eric Schneiderman has introduced a bill that would impose new regulations on employers that pay workers through payroll cards.

Branch closings draw big headlines, but several large banks are entering new markets — or bulking up in underrepresented cities — by adding branches and hiring lenders. Bank of America, for instance, is planning a retail push in Denver and Minneapolis.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Just three years ago, CEO David Nelms heralded the purchase of LendingTree Loans as a milestone in Discover's evolution from a strict credit-card company to a broad-based consumer lender. Now he is hinting that it might exit the mortgage business.

Lenders including Bank of America and Citigroup are accelerating their sales of soured U.S. mortgages as investment firms compete to buy the debt.

Lenders are seeing higher demand for homes but are expecting only modest growth in sales this year due to the limited housing stock.

A recent research paper found that community banks' assets, along with market share in most types of commercial lending, have fallen since the Dodd-Frank Act was passed. The report is giving advocates of smaller institutions more data to rally around.

Three mortgage companies are facing regulatory action from the Consumer Financial Protection Bureau for misleading consumers with advertisements implying U.S. government approval of their products.

A lender has agreed to pay Pennsylvania consumers $8 million in restitution as part of a settlement to resolve claims it illegally provided loans.

The city of Eugene, Oregon has hired collection law firm Linebarger Goggan Blair & Sampson, based in Austin, Texas, to help collect past due parking fines.

H&R Block in Kansas City, Mo., and BofI Holding in San Diego have pushed back the closing date for transferring ownership of H&R Block Bank.

Gary Patton Hall Jr. hid underperforming and at-risk loans from the Federal Deposit Insurance Corp. and the bank's loan committee, the Federal Bureau of Investigation said in its indictment Thursday.

Banks nationwide are finding ways to make mobile deposit capture available to more people and faster without taking on more fraud risk.

The jobs eliminated were reportedly in Bank of America's Legacy Asset Servicing business, which provides services to customers at risk of foreclosure.

Sen. Elizabeth Warren said community banks have continued to be profitable despite new rules under the Dodd-Frank Act while raising fresh warnings about unnecessary changes to the financial reform law in the guise of regulatory relief.

WASHINGTON — The Consumer Financial Protection Bureau took action Thursday against three mortgage companies that, authorities say, falsely implied affiliation with the U.S. government.

Calls for U.S. regulators to reform money-transmittal rules are growing after a California bank cut off remittances to Somalia.

Elected officials in Santa Fe and Seattle are considering plans to form municipal banks to promote affordable housing and reach out to the underbanked. Bankers are wary since such institutions could present competition.

Foreclosure filings - default notices, scheduled auctions and bank repossessions - were reported on 119,888 U.S. properties in January, an increase of 5% from the previous month but still down 4% from a year ago, reports RealtyTrac, a company that tracks housing data.

Two new defendants have been named in a Federal Trade Commission case against a phony debt relief and credit repair scheme that allegedly deceived consumers about non-existent federal programs to pay off their bills and fix poor credit.