Legislation to reform the Federal Housing Administration sailed through the Senate Banking Committee on Wednesday, but the bill's future, along with that of broader, comprehensive mortgage reform, remain up in the air as Congress prepares to break for the August recess on Friday.

A federal judge's ruling on the Durbin Amendment is likely to cost the banking industry billions of dollars each year.

Center Bancorp (CNBC) in Union, N.J., has named a new chairman for its bank. The $1.6 billion-asset company also announced Wednesday that it had made its interim chief financial officer permanent.

More banks are planning to sell or spin off businesses because of Basel III, shareholder pressure and other forces, according to the Institute of International Finance and EY.

MasterCard reported profit that beat analysts' estimates as spending on credit and debit cards rose. The shares climbed.

The rapidly growing Opus Bank in Irvine, Calif., has split its commercial and retail banking operations.

Bankers must do a lot of homework when a vendor is sold in order to prepare for the transition and potentially take advantage of the change.

RBS Citizens Financial Group in Providence, R.I., has become the latest banking company to use plain language to describe its checking account policies and procedures.

Sovereign Bank will change its name to Santander Bank and spend $200 million to upgrade branches and roll out an advertising campaign.

Research and Markets, a global market research firm, has announced the release of the "UK Consumer Debt Purchase and Debt Collection: Market Insight" report.

Texas Capital Bancshares (TCBI) in Dallas announced several executive moves in advance of its new chief executive taking office.

West Virginia Attorney General Patrick Morrisey announced Tuesday that Hampshire Memorial Hospital and Mosaic Finance Solutions, based in North Carolina, will each pay the state $7,500 as part of an agreement, called an assurance of discontinuance, to end illegal collection practices.

Just when banks thought they had adjusted to life under the Durbin cap on debit card interchange fees, a court has deal them a huge and unexpected blow. Bucking the usual judicial practice of deferring to regulators, a federal judge has ruled that the Fed set the cap too high at 21 cents and disregarded the intent of the Dodd-Frank Act. Expect appeals and a protracted fight that could take years to settle the matter.

WSFS Financial in Wilmington, Del., is expanding its consumer lending business to include private student loans.

Hudson City Bancorp (HCBK) in Paramus, N.J., reported a second-quarter profit of $48.7 million, down from $72.3 million in the second quarter of 2012. Earnings per share were 10 cents, in line with the average estimate of analysts polled by Bloomberg.

People tend to remain loyal to bankers and banks they know, like and trust. Whether or not we fit that description is entirely up to us.

MoneyGram has entered an agreement to buy Nexxo Financial's kiosk-based money transfer business. MoneyGram will also be the preferred partner for Nexxo money transfers and bill payments.

The Federal Reserve disregarded Congress's intent when deciding how much banks can charge merchants for debit-card transactions, a judge ruled, rejecting Dodd-Frank-imposed regulations governing "swipe" fees.

The chief executive of BOK Financial (BOKF) has decided to step down after 40 years with the Tulsa, Okla., company.

Sen. David Vitter is vowing to push for "tough" reforms to the Federal Housing Administration when the Senate Banking Committee takes up a bill to implement key changes at the agency on Wednesday.