WASHINGTON — Industry groups asked the Consumer Financial Protection Bureau Wednesday to convene a panel to review the potential effects of new mortgage lending standards on small businesses.

In what would be its first acquisition since its founding in 2007, fast-growing First Virginia Community Bank has agreed to buy 1st Commonwealth Bank of Virginia.

Huntington Bancshares (HBAN) in Columbus, Ohio, continues to bet big on in-store branches.

Fannie Mae went in-house to recruit three of its last four CEOs, a strategy likely calculated to rebuild internal morale. Freddie Mac hired three of its last four chiefs from outside, signaling continued housecleaning.

A fight between ECB Bancorp in North Carolina and the Gibbs family foreshadows clashes at many community banks between today's managers and ownership interests from yesteryear.

The Consumer Financial Protection Bureau will use the data to make recommendations to Congress, which could include changes to the private student loan market.

An employee of First Federal Savings Bank of Iowa helps rescue a kitten trapped in a ventilation pipe next to one of the bank's branches.

The Federal Reserve Board has lifted a written agreement with Baylake Corp. that required the Sturgeon Bay, Wis., company to improve its asset quality and earnings.

The former chief executive of a failed Florida community bank has been sentenced to six years in prison for lying to regulators about the bank's condition.

A U.S. district court has halted an operation that allegedly preyed on financially vulnerable homeowners, convincing them to pay $1,995 or more by holding out false promises that they could help them avoid foreclosure and renegotiate their mortgages.

Experian will offer a new product that assesses the creditworthiness of consumers with little or no traditional credit history.

A federal court panel said Bank of America Corp. (BAC) can't consolidate multiple lawsuits involving losses suffered from the collapse of Taylor Bean & Whitaker Mortgage Corp. and Colonial Bank in a multibillion-dollar fraud.

Bethpage Federal Credit Union on Tuesday said personal information from 86,000 of its members' Visa debit card accounts had been accidentally exposed on the Internet by an employee.

M&T Bank (MTB) in Buffalo announced Monday that former Comptroller of the Currency John "Jerry" D. Hawke Jr. has been elected to the boards of the bank and its holding company.

Financial institutions and technology companies are working hard to bring location-based advertising to life, but research in psychology suggests those same offers may be draining a limited resource: our willpower.

U.S. credit card debt decreased slightly in May, down .2% to $5,637 from April 2012, according to CreditKarma.com's U.S. Credit Score Climate Report released Wednesday.

Sallie Mae has introduced new rewards for its relaunched Upromise World Mastercard, which is now issued by Barclaycard US.

The personal information of certain merchants may have been exposed in addition to the consumer data breach Global Payments reported in March, the processor said June 12.

BELLEVUE, Neb. – SAC FCU, originally the credit union for the Strategic Air Command, has hired Leo A. Daley to provide design and engineering services for its new $20-million, four-story corporate headquarters campus in Papillion, Neb.

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