Small banks and credit unions can get a leg up on their large competitors by using low-cost, low-maintenance checking accounts to win over financially underserved customers.

The city of El Paso, Texas is reviewing whether to make a zoning change that would limit where payday and auto loan companies can operate.

Frederick J. Hanna & Associates filed a motion Friday in U.S. District Court to dismiss the Consumer Financial Protection Bureau's lawsuit charging the firm and its three principal partners with operating a collection lawsuit mill.

Pilgrim Bancorp. in Mount Pleasant, Texas, has agreed to buy North Central Texas Bancshares in Wichita Falls, Texas.

HSBC Holdings Plc will pay $550 million to resolve accusations of misconduct in its handling of mortgage securities that saddled taxpayers with losses after the financial crisis.

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Ron Hermance, chairman and chief executive of Hudson City Bancorp in Paramus, N.J., has died.

In the banking world, Ron Hermance was known as a skillful leader who helped build Hudson City Bancorp into a $38 billion-asset company that largely avoided the credit implosions that doomed many other banks during the financial crisis.

National Bank of Commerce in Birmingham, Ala., has purchased a majority interest in CBI Holding Co.

WASHINGTON — The Consumer Financial Protection Bureau has finalized a rule subjecting large nonbank international money transmitters to supervision by the bureau.

Ginnie Mae President Ted Tozer is urging credit unions and community banks to contact their Federal Home Loan Bank so they can participate in a conduit program for government-backed loans.

An Internet-based operation that finds potential borrowers for mortgage refinancing lenders will pay a $500,000 penalty to settle charges it tricked consumers with false ads.

Nope, it's not more money, at least not directly. The key to hiring a good loan officer, or retaining one, is said to be showing that your mortgage shop can close loans on time, act professionally and protect employees' reputations in the market.

Fitch Ratings has downgraded the U.S. residential mortgage servicer rating of EverBank Financial in Jacksonville, Fla., despite servicing-operations changes that are expected to improve its performance.

Collection agency Convergent Outsourcing filed a petition on Wednesday asking the Third Circuit Court of Appeals to revisit a recent appellate decision in Douglass v. Convergent Outsourcing.

CommunityOne Bancorp in Charlotte, N.C., has combined the roles of president and chief executive in an effort to trim operating expenses.

ACA International CEO Pat Morris issues a statement regarding the work being done in resolving medical accounts.

As the Bitcoin industry matures, narrowly-focused companies are working to take market share from the companies that came first to the digital currency ecosystem.

City National Bank of New Jersey has agreed to sell deposits and loans associated with a branch on New York's Long Island to Bethpage Federal Credit Union.

A top advisor to Treasury Secretary Jack Lew says real estate investment trusts "appear to be aligned" with the Federal Home Loan Banks' mission. The Federal Housing Finance Agency wants to boot REITs from the FHLB system.