Supporters of the Consumer Financial Protection Bureau are dismissing a new lawsuit that seeks to abolish the agency as a political stunt, and even bank industry insiders who would like the case to succeed are privately calling it an uphill battle. But it may still have an impact on the CFPB's operations in a more indirect way.

The annual American Banker/Reputation Institute survey ranks the health of consumer perceptions regarding 30 of the biggest names in retail banking. Is there a prescription for what ails these institutions?

Kearny Financial (KRNY) of Fairfield, N.J., has decided to skip its next quarterly dividend payment despite a proposal from the Federal Reserve Board that would prohibit thrift holding companies from missing dividend payments.

Bank of America (BAC) is the latest bank to announce that it will redeem its trust-preferred securities in advance of new capital requirements that will start being phased in at the beginning of 2013.

USAmeriBank of Largo, Fla., has purchased a building in Tampa, Fla., where it intends to open a new branch and staff it with 25 new hires.

Bank of America, Citigroup and JPMorgan Chase have even more reason to hold back on lending and consider more sales of noncore units after Moody's lowered their credit ratings.

SNL Financial's ranking of the 10 biggest bank and thrift deals since Jan. 1, 2010, reminds us that some acquisitions demand a lot of short-term pain — to get them approved, and to integrate them — for long-term gains.

Robert C. Grubic, the CEO of a civil engineering firm Herbert, Rowland and Grubic, has been named the chairman of Mid Penn Bancorp (MPB) of Millersburg, Pa.

Sometimes the tail wags the dog. That seems to be the case with the payments Goliath MasterCard, which has started taking mobile payments cues from relative pipsqueaks, like PaidPiper, a six-month-old San Francisco outfit with all of 10 employees.

A federal judge on Thursday approved a $40 million mortgage-backed securities settlement in a class-action lawsuit against former employees of Lehman Brothers

A month after calling off a planned public offering, Customers Bancorp in Pennsylvania, led by former Sovereign CEO Jay Sidhu, will bring in $100 million in capital by acquiring Acacia Federal Savings.

Banks are increasingly trying to hire, and talking about hiring, military veterans, hoping that giving jobs to war heroes will help repair the industry's reputation.

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.

Instead of raising revenue by adding new fees, why not focus on raising revenue by creating real, tangible incentives for customers to do more of their financial business with one institution?

The charge-off rate for U.S. credit cards fell in May, reflecting strong credit quality of securitized credit-card receivables in the U.S., Moody's Investors Service said.

Bank of Georgetown in Washington, D.C., has elected former mayor Anthony Williams to its board of directors.

Among the strongest industry rationales for a national mortgage servicing settlement was that it would break the legal stalemate over a huge backlog of delinquent loans. But five months after the deal was formally struck, the promised spike in foreclosures hasn't arrived.

Ixonia Bancshares in Milwaukee has raised $21 million in fresh capital, including $16.5 million from a wealthy family that also owns a stake in the Milwaukee Brewers baseball club.

A federal appeals court has denied Republic Bancorp's bid to recover $14 million it lost on securities investments because it believes the Louisville, Ky., company should have been aware of the risks it was taking.

Consumer use of payment cards is very much in flux, and contradictory trends are making it hard for issuers to react.