Some lenders say the change will curtail abuses by consumers who try to hide debts. Others fear FHA's new guidelines will constrain credit just when the housing market needs it.

American Express (AXP) has begun removing its prepaid gift cards from shelves in New Jersey due to a law that requires retailers to collect ZIP codes from purchasers at the point of sale.

The prepaid card marketer Green Dot (GDOT) has completed its acquisition of the location-based deals company Loopt.

Barry Sloane of Newtek Business Services explains why banks are referring customers to his nonbank lender.

United Community Financial (UCFC) of Youngstown, Ohio, will once again raise fresh capital to meet the requirements of a regulatory order.

American Express (AXP) is working with Transaction Network Services (TNS) to provide a payment gateway service for e-commerce.

Toronto-Dominion Bank has a secret weapon in its aggressive plans for international growth: sunny television personalities Regis Philbin and Kelly Ripa.

IMGCAP(1)]

Re: "Bank of America Sold Card Debts to Collectors Despite Faulty Records"

The Federal Reserve Board has terminated a written agreement with First Bancshares that prevented the Cold Spring, Minn., company from paying dividends without approval.

Hugh Long, the president of Wells Fargo's (WFC) Pennsylvania and Delaware market is leaving the post to become the bank's new head of business banking.

On a recent flight, the gentleman next to me shared a banking story that made my day.

Signaling their optimism about the state of the economy, many bankers are predicting that problem loans will moderate and consumer lending will perk up over the next six months, according to a new FICO survey released Tuesday.

Preliminary data shows that growth in commercial and industrial lending decelerated for the first time in a year and a half. Banks that have reported continued momentum said that gains have come from signing up new customers and taking market share, but that overall credit demand remains tepid.

Banks announced 21 deals in March, capping the best quarter for M&A in nearly two years. Investment bankers say the momentum should continue to build throughout the year, adding that 2013 should be a particularly busy year of consolidation.

The two industries are still nursing their wounds over their bitter interchange feuds. Will the acrimony over swipe fees keep them from working together on mobile payments?

Consumers are becoming less satisfied with their credit cards rewards programs as conditions such as expiration dates and spending minimums have diminished the experience, according to a new survey.

The Justice Department alleges GFI Mortgage Bankers charged minority borrowers higher interest rates and fees based on race or national origin, but a lawyer for the company says the claims are weak. The move may embolden other banks to challenge the DOJ.