A group of some of the nation’s largest merchants and retail trade groups asked a federal judge Thursday to reject the proposed settlement of a lawsuit over credit card swipe fees.

Ocwen Financial (OCN) in Atlanta reported record revenue in the third quarter as it continued to expand its mortgage-servicing portfolio.

Parkmobile USA, which had drawn fire for suggesting the debit interchange cap was behind its fee increase for D.C. customers, on Thursday issued an apology for the statement.

Independent foreclosure reviews at the major banks were meant to compensate wronged homeowners and restore some faith in the integrity of mortgage servicing. Instead, the process has become mired in questions of objectivity.

Despite slow adoption by consumers, more community banks are offering mobile banking, according to a new survey.

CertusBank in Greenville, S.C., plans acquire the small business lending operations of a struggling Georgia bank.

NewBridge Bancorp (NBBC) in Greensboro, N.C., is planning to raise $56 million after liquidating $45 million in bad loans and reporting a large quarterly loss.

The card network seems to have been successful in counteracting the effect of new rules on the routing of debit card transactions, though a Justice Department investigation still poses a threat.

BB&T's decision to open 30 branches makes sense as big banks battle for commercial customers, especially in an expensive market for acquisitions like Texas.

Oriental Financial Group in San Juan, Puerto Rico, has priced its public offering of preferred shares that will help fund its purchase of Banco Bilbao Vizcaya Argentaria's Puerto Rican operations.

The Consumer Financial Protection Bureau and Federal Housing Finance Agency said Thursday they are teaming up to create a first-of-its-kind mega-database of mortgages to track market trends and support policymaking research.

According to a survey on bank compensation released Thursday, commercial loan officers’ total annual pay is up 17.3% this year over last, while salaries of other bank employees have climbed just 2.5%.

Banks in areas hit hard by Hurricane Sandy have re-opened most of their branches. Now some of them are opening their checkbooks, too.

Subordinated debt could be an option for community banks that need to raise capital but want to avoid dilute existing shareholders. Still, naysayers point out that many community banks prefer the simplicity and liquidity that comes from equity.

Wells Fargo has hired Terese Rowe, an expert in credit risks tied to fruit, fish and other agribusinesses, to head one of its ag-related units in anticipation of increased world demand for food.

First BanCorp in San Juan, Puerto Rico, reported its second straight quarterly profit. The company earned $19.1 million in the third quarter, compared with a net loss of $24 million a year earlier.

New York State's Department of Financial Services has ruled that, for insurance purposes, Hurricane Sandy wasn't a hurricane when it hit the state.

Camco Financial (CAFI) in Cambridge, Ohio, has extended its rights offering deadline by one day because of the effects of Hurricane Sandy.

BB&T is planning to more than double its branch network in Texas by opening 30 new offices in the state’s four largest metropolitan markets.

The Riverhead, N.Y., company had vowed to get a handle on nonperforming loans after raising $25 million in September. CEO Howard Bluver has said that Suffolk will focus on growth in coming months.