A U.S. district court has halted an operation that the Federal Trade Commission alleges collected phantom payday loan “debts” that consumers did not owe.

Reviving a dead bank is as difficult as unscrambling an egg, but executives of the former United Western Bank are still trying to put their failed thrift back together again.

Sterling Financial Corp. of Spokane, Wash., has laid off 6% of its full-time employees as it works to reach an ambitious efficiency ratio goal by 2013.

Some small banks fear expiration of FDIC loan guarantees will cost them deposits. Others say the Transaction Account Guarantee program has served its purpose and should go away.

KBW report says Wells would be the frontrunner for Ally's profitable auto financing division, which could fetch as much as $68 billion in a sale.

First Place Financial Corp. in Warren, Ohio said it was not able to file its results for the quarter ending Dec. 31, marking its sixth consecutive quarter in the dark, as its massive multi-year restatement drags on.

Alliance Data Systems Corp. has renewed an agreement to provide private-label credit card services to clothing retailer The Buckle Inc.

It's a common story: a merchant suffers a payment data breach, the merchant's acquirer gets fined, and the acquirer passes along the fine to the merchant. Usually, life goes on. But an ongoing lawsuit against a Utah restaurant could shake things up for banks.

First Niagara Financial Group Inc. in Buffalo is planning to open at least five new branches in Connecticut this year to go along with the six it is acquiring in the state from HSBC Bank USA.

David Nelms, The chief executive of Discover Financial Services, is facing new regulatory challenges and has struggled to grow the network business. But his efforts to be 'almost as good as MasterCard and Visa' seem to be working.

To calm consumer fears about having card account numbers stolen wirelessly, University of Pittsburgh has developed a way to switch contactless cards off automatically when they are not in use.

NCR announced Tuesday that Dollar Bank has chosen to install its APTRA Interactive Teller machines.

Merger and acquisition activity by Chinese firms is likely to be heavily focused at home over the next year, but the slowly expanding presence of Chinese firms overseas offers big opportunities for foreign banks active in China, said Huang Xiaoguang, president of Bank of America's China arm.

FORT WAYNE, Ind. – Three Rivers FCU plans to spend $15 million to expand and remodel its headquarters.

Is the right way to hold banks accountable for servicing errors to require them to disgorge funds to borrowers who themselves may have been equally complicit in the process of helping to create mortgage fraud?

There is an iconic photo from the 1930s showing Richard Whitney, the former president of the New York Stock Exchange, being led off towards jail in his elegant suit. (He had stolen from the NYSE pension fund.) Sending him to jail didn't alleviate the Depression, but I suppose it gave many people a nice, warm feeling.

A U.S. District Court in Ohio has given preliminary approval to a class-action settlement for unlawful collection practices against law firm Kaufman & Florence, based in Lebanon, Ohio.

FORT WAYNE, Ind. -- Three Rivers FCU plans to spend $15 million to expand and remodel its headquarters.

Provident New York Bancorp in Montebello said in a shelf registration that it may raise up to $75 million through the sale of various securities.

PNC Financial Services Group Inc. announced a management shuffle Friday, stripping the president title from Joseph Guyaux while making him a senior vice chairman and chief risk officer.