As banks scramble to recoup lost income, TCF Financial's (TCB) strategy to remove monthly fees from some checking accounts could be a key test of the free checking model.

Edward DeMarco, the acting director of the Federal Housing Finance Agency, on Tuesday defied both the Obama administration and widespread expectations that he would cave to a torrent of political pressure and allow Fannie Mae and Freddie Mac to offer principal reductions to troubled borrowers.

Peoples Bancorp of North Carolina (PEBK) in Newton said that Lance A. Sellers, its chief credit officer, will take over as chief executive and president later this year.

So much for infamy by banking scandal. A large majority of the public has no clue that Jamie Dimon is the CEO of JPMorgan Chase, and a surprising number of folks who guessed think he's a daredevil motorcyclist.

The Asheville, N.C., company posted a net loss after its loan-loss provision ballooned. The loss comes just months after activist investor Stilwell Group disclosed that it had started buying shares in the company.

A year after the Fed enacted the Durbin amendment, predictions that swipe fee reform would kill free checking, hurt credit unions and stifle competition have failed to come true.

Commercial and multifamily lending jumped 25% in the second quarter from a year earlier and 39% from the first quarter driven by strong loan demand for retail and hotel properties, according to figures released Tuesday by the Mortgage Bankers Association.

Bank of America (BAC) is eliminating dozens of ATMs in two grocery store chains throughout the Southeast as it continues to scale back its operations.

American Banker today introduces the Index of Banking Activity, a new monthly barometer of business conditions in the U.S. banking sector. The index's initial reading of 54.4 indicates that the banking industry experienced a modest pickup in activity in June.

IMGCAP(1)]

IMGCAP(1)]

Heartland Financial (HTLF) in Dubuque, Iowa, reported that its second-quarter earnings rose about 45% from a year earlier, to $12.9 million, because of higher noninterest income.

Following an extensive search for a new chief executive, the board at HF Financial (HFFC) in Sioux Falls, S.D., has determined that its interim CEO is the best person for the job.

The FDIC's original blanket coverage for transaction accounts allowed institutions to opt out or pay extra fees to participate. But industry groups say extending Dodd-Frank's version of the coverage, which eliminated fees and made participation compulsory, is the only way to go.

WASHINGTON — The Federal Reserve Board approved a final rule on debit card interchange fees to make an adjustment for fraud-prevention costs.

Shares for Independent Bank (IBCP) climbed Monday after the Ionia, Mich., company reported its second consecutive quarter of profitability from improved asset quality.

The Consumer Financial Protection Bureau released its semiannual report on Monday, highlighting details on what consumers are most concerned about in submissions to a new CFPB complaint database.

After hiring a MetLife mortgage team in northern California, Provident Financial Holdings (PROV) said its fiscal fourth-quarter profit more-than doubled from a year ago.

The partnership with the Harris Teeter grocery chain would further boost the Pittsburgh bank’s visibility in the region following its March acquisition of RBC Bank USA.

Credit unions offer the lowest interest rates for rewards-based or platinum credit cards, according to a new analysis by SNL Financial.