How can banks be something more than utilities in a world where regulation and technology are making their old business models untenable? SWIFT's Digital Asset Grid offers one possible answer.

Naugatuck Valley Financial (NVSL) said that two senior executives will serve as interim co-president and co-CEO while it waits on regulatory approval for an unidentified candidate to take on the job permanently.

Lenders embrace the concept of simpler mortgage disclosures but want the bureau to fix shortcomings of the APR before making it the focal point of rule changes.

A consumer group questions why the top five mortgage servicers are getting credit under the $25 billion national mortgage settlement for forgiving principal in short sales when the goal of the program is to keep borrowers in their homes.

The Treasury Department has investigated nine community banks that failed since 2007 for possible criminal conduct that led to their failures. The cases have since been closed, and the agency has elected against filing lawsuits in every case.

Bank of Commerce Holdings in Redding, Calif., is selling its stake in its namesake mortgage company three years after becoming its co-owner.

Business activity in the banking sector increased in July for the second straight month, according to industry executives surveyed for American Banker's latest Index of Banking Activity.

Citigroup will let customers challenge the suspension of home-equity loans and provide $120 apiece to some ex-borrowers whose credit lines were cut, under the settlement of a lawsuit challenging its practices.

A study conducted by Discover's PULSE network finds that issuers are encouraging customers to use PIN at the point of sale now that the Durbin Amendment's interchange cap has made signature transactions less profitable.

The Federal Housing Finance Agency announced Friday that it has instructed Fannie Mae and Freddie Mac to raise the fees they charge lenders on loan guarantees in hopes of creating more private-sector competition in the secondary loan market.

Credit union membership rose to a record 93.1 million in the second quarter even as the total number of credit unions dipped below 7,000.

A small number of alternative financial services providers would be permitted to operate nationwide and on the Internet without adequate policing of their products for underserved consumers.

Codorus Valley Bancorp (CVLY) is warning investors about higher credit costs a month before its third quarter will end.

The acquisition will more than double the assets at C1 Bank, which has been an active acquirer in Florida since receiving backing by a group Brazilian investors.

Banks and the GOP, mortgage relief and more.

Dodd-Frank, aimed at restoring confidence in the so-called Wall Street banks, had a devastating effect on Main Street banks, and is now threatening their long-established role as the backbone of the American Dream.

Ray Davis, the CEO of Umpqua Holdings, bounces back from his failed attempt to buy American Perspective in central California with a $25 million agreement for Circle Bank in Northern California.

Credit unions are giddy about a new NCUA rule that says advanced video terminals can be counted as full-fledged service facilities, providing a new way to compete with banks by attracting members in underserved areas.

A number of de novo banks, or those that are seven years old or younger, are facing long delays from regulators when it comes to amending their business plans to allow for bigger growth targets.

Canadian Imperial Bank of Commerce (CM) has agreed to buy Griffis & Small, an energy advisory firm in Houston.