Details in recent legislation unveiled by Sens. Tim Johnson and Mike Crapo are stoking fresh concerns among Fannie Mae and Freddie Mac shareholders now embroiled in lawsuits over their share of profits from the mortgage giants.

Westfield Bancorp in Westfield Center, Ohio, has agreed to buy Valley Savings Bank in Cuyahoga Falls, Ohio. The deal will give Westfield two additional branches and boost its assets to nearly $1 billion.

The organization that runs the automated clearing house network wants to phase in same-day payments in three stages, but backers of a speedier system say the plan -- the second such effort in two years -- still is not enough.

The number of graduates who default on private student loans will continue to decline in 2014, according to a new report from Moody's.

Collectors and compliance officers are listed among the top jobs to have in business in U.S. News and World Report's 2014 list of the 100 Best Jobs in America.

There is a lot of work to be done behind the scenes before Citizens can become independent of Royal Bank of Scotland, including the establishment of new technological, administrative and financial reporting systems, CEO Bruce Van Saun says.

Community banks are revamping branches and offering new services in an effort to become trusted advisers to small businesses. Such a transformation is often easier said than done.

A former Bank of America (BAC) employee in Massachusetts has been sentenced to three to five years in state prison for stealing more than $2 million from her clients.

The organization that runs the automated clearing house network wants to phase in same-day payments in three stages. The move follows the defeat of a similar plan in 2012.

First Commonwealth Financial (FCF) in Indiana, Pa., is bringing its corporate banking business to Ohio.

Two federal investigations into General Electric Co.'s credit card business are underway to determine if the unit violated consumer finance laws.

The number of homeowners who receive loan modifications rose to roughly 44,000 in January — up 2% from the previous month, according to a report from the mortgage industry group Hope Now.

Treasury's Bank Secrecy Act Advisory Group will include a member of the virtual-currency community to help make regulations "better informed and more effective," David S. Cohen, the undersecretary for terrorism and financial intelligence, said today.

A breakdown of M&A announcements in the financial services industry for the week ended March 15.

United Community Financial (UCFC) in Youngstown, Ohio, has hired an outside executive to become its next president and chief executive.

Like the Postal Service, small banks must radically change their business model, expect more consolidations and mergers, focus on critical services and avoid relying on the U.S. government for help – it could make things worse.

A payday lending bill in Idaho, designed to dictate how much payday lenders can give borrowers, won passage in the state's House of Representatives on Monday by the slimmest of margins.

Talmer Bancorp (TLMR) in Troy, Mich., could enjoy a bigger-than-expected benefit from its purchase of Michigan Commerce Bank.

The settlement monitor gave the banks credit for $20 billion in relief — less than half the total provided, since only partial credit was given for breaks other than principal reduction.

House Financial Services Committee Chairman Jeb Hensarling (R-Texas) is calling on Consumer Financial Protection Bureau Director Richard Cordray to end the bureau’s closed-door meeting policy for its four advisory councils.