Sterling Bancorp (STL) in Montebello, N.Y., said that its fiscal second-quarter profit rose 58% after it expanded through its merger with Provident New York Bancorp.

M&T Bank (MTB) and federal law enforcement officials have begun a fraud investigation into a former loan officer at the Buffalo, N.Y., bank.

Wells Fargo cut its minimum credit score for borrowers of Fannie Mae- and Freddie Mac-backed loans to 620 from 660. The step followed moves by smaller lenders, such as the U.S. unit of Toronto-Dominion Bank.

Ontario Systems, a receivables management technology and services provider, announced its Artiva collections solution has been selected by Credence Resource Management (CRM) to drive operations in the U.S. and India.

A collection agency in New York was shut down Wednesday after an investigation revealed the company repeatedly violated the law, according to regulators.

Financial pundits weigh in on questions raised and conclusions drawn from Bank of America's capital mistake, in tweets.

New restrictions on payday lending in Louisiana failed to win passage in the state's Senate as industry lobbyists argued the proposals would shutter the storefront lenders.

MasterCard, the second-biggest payments network, posted first-quarter profit that beat analysts' estimates as customer spending increased.

Wells Fargo (WFC) has set itself an ambitious target as it seeks to raise its profile among small-business customers.

New York's chief judge is trying to reform the way banks and third parties sue borrowers over unpaid bills, joining a wave of regulatory efforts to fix widespread problems in the debt-collection industry.

The past year has seen gains in overall bank consumer satisfaction, but the news is decidedly mixed, according to J.D. Power's annual bank survey. Among the negatives: how the wealthy view banks in general and midsize institutions' falling popularity among minorities and millennials.

New York state Chief Judge Jonathan Lippman proposed tighter rules on Wednesday to govern how banks and debt collectors sue consumers over unpaid bills. If adopted, the new proposals will require plaintiffs to provide more paperwork to support their claims.

WASHINGTON — Consumer Financial Protection Bureau Director Richard Cordray praised BMO Harris Bank on Wednesday for becoming the first indirect auto lender to switch to a flat-fee structure, limiting the amount of discretion that dealers have to price finance loans.

MB Financial's acquisition of Taylor Capital is facing a potential delay as regulators examine Cole Taylor Bank for a possible violation of a section of the Federal Trade Commission Act.

Four nonbank lenders have agreed to reimburse consumers and pay penalties in connection with medical loans that violated New York usury and other laws, state Attorney General Eric Schneiderman said Wednesday.

When MasterCard Inc. paid a team of lobbyists about $70,000 earlier this year to promote the bank- card network's views, a new topic made their list: bitcoin.

WASHINGTON — Seven of the largest mortgage servicers say they have trimmed an average of $614 off monthly payments on over 16,000 loans as part of foreclosure prevention required by a regulatory settlement.

A raft of mobile payment companies are demonstrating their technology in San Jose this week, even as they acknowledge that the sector has not yet lived up to investors' initial hopes.

BOK Financial (BOKF) in Tulsa, Okla., reported lower net income as mortgage activity declined.

Banks issued at least $12.3 billion in subordinated debt last year, far more than what they issued in any year since the financial crisis. A big factor is investor demand, which has been stimulated by a need for higher-yielding holdings.