The $25 billion 'robo-signing' settlement with five major servicing banks announced Thursday morning could yield nearly $35 billion in principal reductions, according to Housing and Urban Development secretary Shaun Donovan.

WASHINGTON — President Barack Obama praised the "landmark" $25 billion settlement between federal and state authorities and the top five mortgage servicers, saying it would "begin to turn the page on an era of recklessness that has left so much damage in its wake."

Banks have been successful at beating back legal challenges to credit card payment protection plans. The Consumer Financial Protection Bureau could change that.

Total System Services says Tinkoff. Credit Systems Bank, of Moscow, has upgraded to the latest version of the TSYS' card and merchant management product, called Prime 4.

State and federal authorities held a press conference to announce a $25 billion settlement with the five largest mortgage servicers, and provided key details on how the money was being distributed and the amounts each institution is expected to pay.

First Financial Service has agreed to sell four of its branches in Indiana as the Elizabethtown, Ky., company works to increase its capital ratios to meet a consent order.

ECB Bancorp Inc.'s plan to raise $80 million from private-equity groups and institutional investors has been put hold because regulators have yet to approve the pact.

Freddie Mac's CEO responds to the NPR-ProPublica report that his company "bet against" homeowners.

After months of wrangling, California and New York's attorneys general have joined a settlement with the top five mortgage servicers. Final details of the plan are scheduled to be released this morning.

COLONIE, N.Y. – Capital Communications FCU’s plans to construct a four-story office building on the site of a former auto dealership got concept approval from the Colonie planning board Tuesday night.

AUSTIN, Texas – University FCU has purchased a 246,000-square-foot office building on MoPac Boulevard, where it plans to relocate its headquarters.

The gap between healthy banks and those that remain in the doldrums will fuel acquisition activity in the coming years, a Virginia investment management firm predicts.

After months of wrangling, California's attorney general is expected to join a settlement with the top five mortgage servicers, and New York may soon follow.

The Obama administration rolled out details of a new plan to help millions of homeowners refinance. For banks, the big question is how much of the tab they'll be required to pick up.

Regulators have ordered the banking unit of AB&T Financial Corp. in Gastonia, N.C., to improve its asset quality and evaluate its allowance for loan losses.

Two leading Democrats raises doubts over acting Acting Federal Housing Finance Agency Director Ed DeMarco's refusal to allow principal reductions for loans backed by Fannie Mae and Freddie Mac.

Visa posted a 16.4% increase in fiscal first-quarter profit as the credit-card processor continued to benefit from consumers' increased use of plastic while grappling with new federal rules that affect debit-card purchases.

Discover Financial Services will invest $10 million over the next five years to pay for high school students to take personal finance courses.

The simmering battle between banks and credit unions is heating up again, as credit unions revive their push in Congress to allow their industry to make more small business loans.

Visa has launched a mobile banking product with Monitise, pitting the card network against major technology vendors.