If a senior mortgage executive tells you "there's nothing to worry about, we've got exceptional controls and a great track record in measuring and managing mortgage servicing rights," it is probably worth getting a second opinion.

Instead of excessive scrutiny of what Jamie Dimon says about the company's $2 billion-plus trading loss, time might be better spent in analyzing JPMorgan Chase's mortgage revenue, net interest margins and sources of long-term profits — and what it all says about the future of banking.

The Treasury Department will auction off its stakes in a dozen more banks as it works to aggressively wind down the Troubled Asset Relief Program.

In a bid to avoid the regulatory capture that's crippled other agencies, the Consumer Financial Protection Bureau is hiring outside the usual places and thinking outside the box.

UBS analysts downgraded Visa (V) and MasterCard (MA) stocks to "sell" ratings on Monday, citing weaker U.S. and global economic data.

The pressure to merge is strong. But plenty of small banks are still viable, and rushing to do a deal could be just as risky as waiting.

The Federal Deposit Insurance Corp. has terminated a consent order with Northwest Savings Bank that had required the Warren, Pa., bank to strengthen various parts of its consumer compliance management system.

The Consumer Financial Protection Bureau has received mostly positive reviews. But complaints of inexperienced examiners and confrontational exams stem from the fledgling agency's effort to set itself apart from traditional banking regulators.

Labeling a quarter of the U.S. population as un- or underbanked may be derisive, but naming rights still go to those who control the financial services market – banks.

Banks are worried that the Federal Deposit Insurance Corp. is placing too much emphasis on the stressful years of the financial crisis in determining lenders' concentration of high-risk loans.

Regulators became cautious about approving bank deals after the financial crisis, but now some buyers are getting approval to close their transactions more quickly.

PacWest Bancorp (PACW) in Los Angeles is experiencing life on the other side of the bargaining table after its bank agreed to sell 10 branches to Opus Bank.

Authorities are searching for Aubrey Lee Price, a former director of Montgomery Bank & Trust, on charges that he bilked investors out of $40 million since 2008.

Centris Federal Credit Union has launched a fleet of self-service kiosks to serve under-banked consumers as it seeks to expand its marketshare.

Unreasonably high taxes generate less, not more revenue for governments. Likewise, banks might make more money with lower fees, and become more compliant and less hated.

MOLINE, Ill. -- IH Mississippi Valley CU is opening a new branch in nearby Galesburg tomorrow that eliminates the traditional teller line and replaces it with several benefits of technology.

The National Credit Union Administration announced Saturday morning the completion of its liquidation of WesCorp FCU, marking the end of the most costly failure in credit union history.

Total employment in the mortgage industry was flat in May, but there's been a shift over the past few months with brokerage firms hiring, according to figures from the Bureau of Labor Statistics.

The Georgia Department of Banking and Finance closed Montgomery Bank & Trust in Ailey on Friday. Ameris Bank in Moultrie, Ga., agreed to assume all of the bank's $164.4 million in deposits.

Refinancing activity continued to climb over the last three months, as did the gap between consumer and secondary market prices. Expect banks to report another quarter of strong mortgage revenues in the coming weeks.