Prime Pacific Financial Services in Lynwood, Wash., will raise $5 million through a private placement of common stock as it works to meet capital requirements from a regulatory order.

Stabilizing operational costs and the potential for steady profits at Freddie Mac could further lessen the urgency of structural reforms.

Consumer borrowing in the U.S. rose less than forecast in June, restrained by the second decline in credit-card debt in the last three months.

Bureau says banks with fewer than 100 international money transfers a year can avoid new fee disclosure requirements, but some industry officials say the threshold is still too low.

The Federal Reserve Board has issued an enforcement order against Gold Canyon Bank that gives the Gold Canyon, Ariz., company 90 days to become adequately capitalized or to sell itself.

After two financial institutions merge on paper, the hard work starts in the IT trenches. Mark Duthu, executive vice president for Hancock Holding's trust and asset management group, discusses the complex integration of Whitney Bank.

Consumer use of prepaid cards is incredibly varied, relatively short-lived and full of mystery, finds a report released Tuesday by the Philadelphia Fed.

Navy Army Community Credit Union cites familiarity, Fiserv’s wide array of services.

The Consumer Financial Protection Bureau said Tuesday that institutions with fewer than 100 remittances a year are exempt from a requirement that providers of international money transfers provide upfront fee disclosures.

The Consumer Bankers Association has bulked up its staff, announcing four new hires across several areas.

Wells Fargo & Co., the largest U.S. mortgage lender, said a refinancing program may cut annual interest income by as much $215 million, more than double what the firm estimated three months ago.

Provident New York Bancorp (PBNY) in Montebello has raised roughly $46 million to help fuel its expansion in the New York City area.

It is best not to ignore Automated Transactions' ATM patent infringement claims. Instead, take proactive steps to determine what course of action is best suited for your financial institution.

Freddie Mac said a strengthening housing market means it will not add to the debt it owes U.S. taxpayers for the first time since the first quarter of 2011.

Insurance commissioners from around the country will hold a hearing on force-placed insurance productsThursday. Though insurers would bear the brunt of any regulatory actions, banks are at risk, too.

RICHMOND, Va. -- Governor Bob McDonnell announced this morning that Navy FCU has agreed to make a multi-million dollar investment to expand its member service operation in Frederick County, topping a competing bid from Florida where the credit union giant operates a huge call center.

Canadian Imperial Bank of Commerce (CM) has agreed to buy MFS McLean Budden's private-wealth business.

The Miami area was hit hard when the housing bubble burst. Five years later, the area is starting to see more activity from foreign investors and new construction is under way, giving hope to the rest of the state's banks.

MetLife, the insurer seeking an exit from banking to limit U.S. regulation, was penalized $3.2 million by the Federal Reserve for lapses tied to the servicing of loans and handling of foreclosures.

Hampton Roads Bankshares (HMPR) is on the verge of a $45 million rights offering, the second phase of the Norfolk, Va., company's $95 million capital-raising effort.