The government mortgage giant's plan, which awaits regulatory approval, aims to cut premiums by hundreds of millions of dollars and end a stream of payments to banks.

If you have a successful model that you believe in, it doesn't matter what the establishment says.

KEEWATIN, Minn. -- Central Hanna Employees CU has decided to convert to a community charter after it acquired a downtown branch from American Bank.

AUSTIN, Texas – Austin Telco FCU has bought a 75,000-foot office building that will house its new headquarters, the latest area credit unions with plans for larger new offices.

RYE, N.Y. -- USAlliance FCU has acquired a branch in New York’s Harlem neighborhood with the merger of El Barrio FCU, a troubled $1 million credit union.

The event, hosted by the Federalist Society, was largely designed to focus on the CFPB. But former BB&T CEO John Allison used his time to openly argue for ending, or limiting, the Fed.

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WASHINGTON — State regulators in Georgia closed the $125 million-asset Hometown Community Bank in Braselton late Friday, stretching the industry's failure toll this year to 50.

The Consumer Financial Protection Bureau's enforcement actions and remittance rule were hot topics at a panel with agency official Michael Gordon.

To offer credit as a means of promoting savings is a bit like a hospital encouraging people to get sick so they can be healed.

The Consumer Financial Protection Bureau says it will delay the effective date of new disclosures about escrow accounts and other items as the agency crafts a broader overhaul of mortgage forms.

New York's Attorney General has issued a letter demanding that Wells Fargo (WFC) resume processing mortgage modification requests for borrowers in states hit by Hurricane Sandy.

The Lansing, Mich., company has a confirmation hearing on Dec. 4. A delay could prove costly to Capitol's survival; the state regulator has threatened to seize the company's bank in New Mexico on Dec. 20.

Taxpayers are getting a bargain by propping up the cash-strapped Federal Housing Administration.

Visa Inc., the world's largest payments network, said it will provide documents to the U.S. Federal Trade Commission after the agency asked for information on a debit-card service that may have violated the Durbin amendment.

JPMorgan Chase & Co. (JPM), the biggest U.S. bank, will pay $297 million to settle U.S. regulatory claims that it violated federal securities laws in connection with billions of dollars of sales of residential mortgage-backed securities tied to subprime mortgage loans.

Mendon Capital Advisors increased its holdings in several community banks in the third quarter, while reducing its exposure to JPMorgan Chase (JPM) and other large and midsize banks.

Southwest Bancorp in Stillwater, Okla., has recruited veteran executive from BancFirst Corp. in Oklahoma City to be its new chief financial officer.

Huntington Bancshares (HBAN) has hired a veteran executive from Fifth Third Bancorp (FITB) to lead its international banking business.

An independent audit found that the Federal Housing Administration's capital reserve ratio fell into negative territory, meaning the agency may need a bailout from the Treasury Department for the first time in its 78-year history.