Customers might think banks are giving them great deals when they’re actually getting ripped off. Upfront charges, however annoying, are far preferable to hidden costs.

Although doing so carries legal risks for the Consumer Financial Protection Bureau, President Barack Obama's decision to recess appoint Richard Cordray to head the new agency was all about politics.

PHH Corp., the largest non-bank lender, abruptly replaced chief executive officer Jerome Selitto with chief operating officer Glen A. Messina on Wednesday, weeks after a failed bond offering and an S&P downgrade.

BankAtlantic Bancorp's hopes to move forward with its planned sale without the interference of its debt holders have been squashed by a Delaware judge.

Howard Bluver's prior stints at the SEC and the OTS should prove helpful to Suffolk Bancorp as it looks to exit a formal agreement with the OCC.

The Federal Deposit Insurance Corp. has ordered seven ailing community banks to raise fresh capital and directed three others with elevated loan losses to submit written plans for raising capital should credit quality weaken further.

Yahoo stands out as the only major Internet brand without a payments service. That may change now that the company has hired Scott Thompson from PayPal Inc. to be its new CEO.

There’s a difference between projecting confidence and ignoring risk. In their public handicapping of mortgage litigation, bank executives have done the latter.

President Obama's decision to call an end-around and avoid opposition to his consumer bureau director runs a serious risk of backfiring.

Wells Fargo & Co. has promoted John Epstein to executive vice president in its community lending and investment department.

President Obama on Wednesday appointed Richard Cordray as the first director of the Consumer Financial Protection Bureau through a recess appointment, dismissing efforts by Republicans to prevent such a move.

Jerome Selitto has resigned as president and chief executive of PHH Corp., Mt. Laurel, N.J., and has been replaced by the company's chief operating officer Glen Messina.

Despite improvements in the job market and low mortgage rates, Federal Reserve officials seem disappointed that their efforts to perk up housing are having little impact, according to minutes of the central bank's December monetary policy committee meeting.

Mortgage applications fell almost 4% for the holiday week ending December 30, according to new figures compiled by the Mortgage Bankers Association. The decline is calculated on a sequential basis.

While some of us were shopping for loved ones during the holidays, some banks were shopping for acquisitions.

Mission Community Bancorp in San Luis Obispo, Calif., has repaid more than $5.1 million in federal aid it received under the Troubled Asset Relief Program.

Many companies still cling to time-sapping policies of checking transactions manually for mistakes and abuse. That is changing as more commercial-card issuers offer card-auditing programs designed to catch errors and variations from corporate spending policies automatically.

Senate Minority Leader Mitch McConnell on Wednesday sharply denounced President Obama's recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau.

Elavon, a unit of U.S. Bancorp announced Wednesday a secure payment product that turns mobile devices, such as cell phones, into chip-card payment terminals.

InteliSpend Prepaid Solutions announced Wednesday a Visa-branded prepaid corporate card as an alternative to traditional corporate credit cards.