PHILADELPHIA — NCUA this afternoon took People for People Community Development CU under conservatorship while it tries to nurse the troubled CDCU back to health.

Decisions to sell by some troubled banks prompted a spurt of deals last month, but M&A in 2011 was still the slowest in years. The economy and low valuations will quell any carryover effect.

With its Jan. 5 unveiling of an at-the-table digital payment terminal called the Rail, Viableware joined other technology companies that for the past couple of years have been trying to eliminate the standard restaurant bill-payment methods.

Heritage Bank Inc. in Erlanger, Ky., has agreed to buy Farmers National Bank in Walton, Ky., in what would be the first acquisition in Heritage’s 21-year history.

First Place Financial in Warren, Ohio, hasn't reported any financial results since June 30, 2010. The company is in the midst of restating its results from 2008 through 2010 after a regulator ordered it to increase its loan-loss allowance.

Edwin Hale sold a million shares in the Baltimore company a week after leaving for a meager 2 cents each.

As Global Payments Inc. reported quarterly earnings, the processor announced a deal to purchase CyberSource's U.S. merchant-acquiring portfolio from Visa Inc.

The president visited the offices of the Consumer Financial Protection Bureau on Friday, shaking hands with employees and praising their efforts to stand up the bureau.

New mobile payment player plans a white-label person-to-person offering for community banks.

Shares for United Community Banks Inc. tumbled Friday after the Blairsville, Ga., company said it would record an additional $166.9 million in a deferred tax asset valuation allowance.

A new Citibank application lets users pool rewards points via social media. It could prove attractive to customers and scammers alike.

There's more confusion in the Obama administration's policy response to the foreclosure crisis than an Abbott and Costello routine. Now the Fed steps up to the plate.

He was wrong about Astoria in 2011, but Sandler O'Neill's Mark Fitzgibbon says a focus on multi-family lending and takeover speculation will fuel a run-up in 2012.

The San Francisco retail bank sent unredacted copies of subpoenas, listing Social Security information, to customers named in the documents.

Wells Fargo & Co. has agreed to pay nearly $1 million to Maryland residents who lost their homes to foreclosure after receiving so-called "Pick-a-Payment" mortgages originated by lenders Wells later acquired.

Southside Bancshares Inc. in Tyler, Tex., and Security Federal Corp. in Aiken, S.C., have announced replacements for their longtime chief executives.

In a setback to Citigroup's efforts to divest itself of noncore businesses, talks to sell the bank's OneMain consumer-lending unit to private-equity buyers have ended without a deal in place, according to people familiar with the matter.

Consumers are regularly disappointed when they are drawn into accounts portrayed as "free" and then wind up being socked with fees and charges. Then they tell all their friends.

Hancock Holding Co. has sold an insurance unit as part of a larger agreement with a Florida insurance company.

One day after his appointment as the director of the Consumer Financial Protection Bureau, Richard Cordray sent a clear signal that he intends to move aggressively to enforce the agency's expanded authority.